Commercial Real Estate Daily
Commercial Real Estate Daily
Tyler Cauble
010. Analyzing Western Alliance Bancorp: Impressive Deposit Growth and Short-Term Stability, but Long-Term Concerns Loom
4 minutes Posted Jun 23, 2023 at 1:48 pm.
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In the realm of US banks, Western Alliance Bancorp has caught our attention with its recent performance. Concerns about the stability of banks have subsided as most institutions witness a positive trend in deposit levels. Notably, Western Alliance has experienced a remarkable rebound, with its stock surging by over 60% since hitting a low point in May. This resurgence can be attributed to the bank's impressive deposit growth, which has surpassed expectations, with over $2 billion added this quarter. As a result, Western Alliance has significantly reduced its exposure to a potential "bank run."