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TORREY PINES BANK PARTNERS WITH USD

PARTNERSHIP WITH USD'S MANAGEMENT ACADEMY BENEFITS BANK CUSTOMERS AND BUSINESS COMMUNITY

SAN DIEGO – January 22, 2008 – Torrey Pines Bank has entered into an exclusive partnership agreement with USD’s Office of Corporate and Professional Education’s Management Academy for Small Business Owners. The Bank is helping create a bridge between academia and business professionals to provide essential educational opportunities for its customers and members of the greater business community who desire the expertise to build and manage effective and profitable businesses.

The academy is designed to give companies a competitive edge. Specific training programs are developed to help executives lead effectively and middle managers to manage efficiently as well as provide the business skills and tools necessary for sales forces to build a company’s market share and ensure its continued growth.

“As a fast growing local business bank we are excited about our partnership with USD,” said Bank President, Gary Cady. “Our goal is to ensure businesses are properly equipped with the latest business information, tools and resources necessary for running or managing a profitable business.”

In just a half a century USD has grown from a local college with 50 students and a handful of professors to a University with over 7,400 enrolled students and 45,000 alumni. This achievement is the direct result of a single unwavering expectation of academic excellence. Torrey Pines Bank is pleased to be associated with an institution that can boast of being one of the most prestigious colleges in the United States.

Torrey Pines Bank will be one of the founding members of the Management Academy’s Advisory Council, facilitate speaker series programs, and offer discounted tuition for bank customers.

For further details, please contact Crystal Watkins: 858.523.4640

About Torrey Pines Bank

Torrey Pines Bank is a California-chartered commercial bank, providing commercial and financial services to small and middle market businesses, and personal banking services to proprietors, employees, executives and consumers desiring a personal banking relationship. Information about products and services offered by Torrey Pines Bank is available at: www.torreypinesbank.com.

About Western Alliance Bancorporation

Western Alliance Bancorporation is the parent company of Bank of Nevada, First Independent Bank of Nevada, Alliance Bank of Arizona, Torrey Pines Bank, Alta Alliance Bank, Miller/Russell & Associates, Shine Investments, Premier Trust, Western Alliance Leasing and Partners First. These dynamic companies provide a broad array of banking, leasing, trust, investment, and mortgage services to clients in Nevada, Arizona and California. Staffed with experienced financial professionals, these organizations deliver a broader product array and larger credit capacity than community banks, yet are empowered to be more responsive to customers’ needs than larger institutions. Additional investor information can be accessed on the Investor Relations page of the company’s website, www.westernalliancebancorp.com.

On June 30, 2005 Western Alliance Bancorporation became a publicly held corporation traded on the New York Stock Exchange (NYSE: WAL). Member FDIC