Western Alliance Bancorporation and its major subsidiary, Western Alliance Bank, announced today that Robert Sarver and Steve Hilton will step down as Executive Chairman and Director of the Board of Directors, respectively. Their terms on the Board will come to an end in June at the company’s annual meeting of stockholders.
Sarver has been a member of the Board of Directors since 2002 and has served as Executive Chairman since March 2018, while Hilton has been a member since 2002.
Sarver’s dynamic leadership as Western Alliance’s previous Chief Executive Officer (2002-March 2018) fueled most of the company’s industry-leading growth and solid financial performance over the last two decades.
During his tenure, the company’s assets expanded to more than $50 billion, and Forbes, Bank Director Magazine, and S&P Global routinely named it among the top performing banks.
Sarver earned the Greater Phoenix Economic Council’s Distinguished Service Award in 2016, and International Banker named him Banking CEO of the Year in 2017.
Western Alliance Bancorporation (NYSE: WAL) is one of the best-performing banks in the country, with more than $50 billion in assets.
In the S&P Global Market Intelligence listing for 2021, the company is one of the best-performing of the 50 largest public US banks, ranks high on the Forbes “America’s Best Banks” list year after year, and was voted #1 Best Emerging Regional Bank per Bank.
Western Alliance Bank, Member FDIC, is the company’s primary subsidiary, and it assists business clients in realising their goals with teams of experienced bankers who provide superior service and a full range of customised loan, deposit, and treasury management capabilities, including blockchain-based offerings.
Business clients can also take use of a comprehensive range of specialist financial services that offer deep experience and bespoke solutions for a wide range of industries and sectors.
