Company Directory - Western Alliance Bancorporation
Company Details - Western Alliance Bancorporation
Western Alliance Bancorporation
WebsitePhoenix, United States
Western Alliance Bancorporation, operating as Western Alliance Bank, is a U.S. financial institution offering a comprehensive range of banking services. The company is known for providing innovative financial products including high yield savings accounts with attractive APYs and personalized banking solutions for individuals and businesses.
CCI Score
CCI Score: Western Alliance Bancorporation
9.17
Latest Event
PAC Contributions Profile: Western Alliance Bancorp
Western Alliance Bancorporation, operating as Western Alliance Bank, raised $496,311 during the 2023-2024 election cycle according to OpenSecrets data. This significant involvement in political contributions raises concerns about the institution's role in influencing political outcomes in ways that may benefit authoritarian interests.
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OBJECTOR
Western Alliance Bancorporation is currently rated as an Objector.
Latest Events
- MAR202025
Western Alliance Bancorporation, operating as Western Alliance Bank, raised $496,311 during the 2023-2024 election cycle according to OpenSecrets data. This significant involvement in political contributions raises concerns about the institution's role in influencing political outcomes in ways that may benefit authoritarian interests.
-30
Political Contributions and Lobbying Efforts
March 21
The data from OpenSecrets indicates that Western Alliance Bancorporation raised $496,311 in the 2023-2024 election cycle, reflecting its active involvement in the political contribution landscape. Such significant financial participation suggests that the bank may be leveraging its influence to shape political policies. From an anti-fascism perspective, this level of political contribution can be seen as facilitating a potential pathway for authoritarian influence, contributing to concerns about democratic accountability.
- FEB132025
Western Alliance Bank announced the appointment of Pete Colarelli as Senior Manager of State and Local Government Relations to lead state and local advocacy efforts, potentially increasing the bank's political influence.
-20
Public and Political Behavior
March 21
The appointment of a dedicated state and local advocacy leader indicates Western Alliance Bank's increased efforts in political lobbying and government relations. In a climate where corporate influence can undermine democratic processes, this move raises concerns about the bank's role in shaping policy decisions that may indirectly support authoritarian practices.
Western Alliance Bank Adds State and Local Advocacy Leader to Government Relations Team
- FEB062025
Western Alliance Bancorp PAC contributed $219,500 to federal candidates during the 2023-2024 election cycle. From a left-leaning anti-fascist perspective, such contributions raise concerns over corporate financial influence potentially facilitating an authoritarian political environment.
-40
Political Contributions and Lobbying Efforts
March 21
Western Alliance Bancorp’s PAC donation of $219,500 to federal candidates is viewed as a significant political contribution. From an anti-fascist standpoint, this financial influence may contribute to reinforcing power structures that enable authoritarian tendencies and undermine democratic accountability.
Western Alliance Bancorp PAC Contributions to Federal Candidates • OpenSecrets
- JAN142025
Western Alliance Bank announced a $100,000 donation to the American Red Cross and a $1 billion loan capacity to support communities affected by the Southern California wildfires, demonstrating ethical business practices and community investment.
+80
Public and Political Behavior
March 21
The bank's donation, made through its community foundation and matched by employee contributions, signals a commitment to aiding impacted communities and fostering civic solidarity. While the action is not a direct political contribution, it bolsters the social fabric and stands in contrast to divisive, authoritarian agendas.
+85
Business Practices and Ethical Responsibility
March 21
Western Alliance Bank's use of its charitable arm to fund disaster relief, along with matching employee contributions, demonstrates strong business ethics and responsible corporate behavior. Such initiatives contribute positively to community well-being and counter exploitative practices.
+80
Economic and Structural Influence
March 21
The bank's commitment of $1 billion in loan capacity to support small businesses and homeowners in wildfire-impacted areas exemplifies a positive economic intervention. This move aids community rebuilding and challenges exploitative economic models that can benefit authoritarian regimes.
- OCT012023
Western Alliance Bancorporation's 2023 Corporate Responsibility Report details the company's commitment to robust governance, ethical business practices, comprehensive employee policies including diversity, equity, and inclusion (DEI), strong community engagement, and transparent political involvement policies.
- JAN012023
An OpenSecrets profile reveals that in 2023, a significant number of Western Alliance Bancorp lobbyists previously held government positions. This revolving door practice raises concerns of regulatory capture and undue political influence, potentially undermining democratic oversight.
-40
Political Contributions and Lobbying Efforts
March 21
The data indicates that 4 out of 6 lobbyists for Western Alliance Bancorp in 2023 are former government employees. Such revolving door practices can lead to conflicts of interest, enabling a close relationship between regulators and the bank. This dynamic risks undermining democratic accountability and can inadvertently support authoritarian tendencies by softening oversight.
- DEC312022
Western Alliance Bancorporation's 2022 Corporate Responsibility Report details a comprehensive commitment to ethical business practices, robust corporate governance, DEI initiatives, and significant community investments. The report emphasizes strong labor practices and transparent governance frameworks, which collectively demonstrate a stance opposed to authoritarian practices.
+70
Economic and Structural Influence
March 21
Western Alliance demonstrates positive economic and structural influence through significant community investments, financial literacy programs, and sustainable business strategies. The report reflects a commitment to supporting diverse communities and maintaining strong regulatory compliance, with no indications of involvement with authoritarian regimes.
+80
Business Practices and Ethical Responsibility
March 21
The report showcases Western Alliance's commitment to ethical business practices, including a comprehensive Code of Business Conduct, strong governance practices, DEI initiatives, and employee engagement programs. These efforts reflect high ethical standards that counter exploitation and authoritarian practices.
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Industries
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- Commercial Banking
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- Investment Banking and Securities Dealing
- 522120
- Savings Institutions