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Western Alliance Bank signage is displayed on the Western Alliance Bancorp Headquarters in downtown Phoenix on April 27, 2023. Patrick T. Fallon/AFP/Getty Images
Western Alliance Bancorp stated on May 4 that there’s no truth to reports that it’s exploring a possible sale of some or all of its business or has hired an adviser to explore “strategic options.”
Shares of the bank plunged by 38 percent in regular trading, amid a broader regional bank stock rout.
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
