Western Alliance Bancorporation Subsidiary Torrey Pines Bank Announces Opening of Los Angeles Office
PHOENIX -- (BUSINESS WIRE) -- Western Alliance Bancorporation (NYSE: WAL) announced today that Torrey Pines Bank, its southern California subsidiary, has opened a full-service banking office in downtown Los Angeles.
“We see a great opportunity in the Los Angeles market for our unique banking model which provides customers with direct access to senior decision makers who know them and the market”, said Robert Sarver, Chairman and CEO of Western Alliance Bancorporation. “As the nation’s largest metropolitan area, Los Angeles gives our franchise tremendous opportunity for growth in a market very familiar to senior management.”
The office will be staffed initially with a team of eight experienced commercial bankers, led by veteran Los Angeles banker, Paul Donaldson who will serve as Division President. Donaldson’s career has spanned over 25 years with major financial institutions in the Los Angeles and Orange County markets. Prior to joining Torrey Pines Bank, Donaldson was employed by California Bank & Trust for 10 years, where he served most recently as Regional Manager/Senior Vice President of the Orange County and Los Angeles Region.
“We are extremely pleased to have the talented staff we have recruited to the Los Angeles office, all of whom are excited to deliver the quality relationship banking model that has been so successful at Torrey Pines Bank”, said Torrey Pines Bank CEO Gary Cady.
Torrey Pines Bank, which was founded in 2003, now has assets exceeding $1 billion. The Los Angeles office is located on the ground floor of One Bunker Hill at 601 West 5th Street.
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, Shine Investment Advisory Services, and Premier Trust. These dynamic organizations provide a broad array of banking, leasing, trust, investment, and mortgage services to clients in Nevada, Arizona and California, investment services in Colorado. 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.