Western Alliance Bancorporation

Western Alliance Bank, the primary subsidiary of Western Alliance Bancorporation, announced on July 6 a $52.46 million financing package for Marble Manor Phase I, a 138-unit mixed-income housing project northwest of downtown Las Vegas. The package includes $31 million in tax-exempt construction bonds, $2 million in taxable bonds, and $19.46 million in tax-exempt permanent bonds, with R4 Capital Funding managing construction and permanent assets. The development will feature five residential buildings with one- to five-bedroom family rental homes, of which 30 units will be market-rate and 108 will serve families earning 30–60% of the area median income. Plans also include 3,000 square feet of retail space and supportive services from the Southern Nevada Regional Housing Authority. Brinshore Development and SNRHA are co-developers, Metcalf Builders is handling construction, and Enterprise Community Partners is providing $21.7 million in tax credit equity, while HUD awarded a $53 million Choice Neighborhoods Grant and construction began in April 2026.

Western Alliance Bank has hired Matthew Leivian as senior managing director of its Institutional Commercial Real Estate Finance team, based in Phoenix. Leivian brings 22 years of banking experience, including 15 focused on CRE lending, and will lead a team building a high-quality institutional loan portfolio. He will originate and structure construction, acquisition, bridge and mini-permanent financing for commercial real estate clients nationwide. Leivian previously spent nearly two decades at National Bank of Arizona, where he handled large, complex commercial real estate transactions. The hire supports the bank’s continued expansion of its national CRE lending platform.

Regional bank stocks delivered a mixed first quarter, with Ameris Bancorp reporting revenues of $315.3 million, up 10% year on year and exceeding analyst expectations by 2.1%. Among the 91 regional banks tracked, UMB Financial stood out with revenues of $744.8 million, a 29.3% increase that beat estimates by 5.4%, while BankUnited fell short with revenues of $273.8 million, missing expectations by 5.1%. Western Alliance Bancorporation posted revenues of $977.3 million, up 25.8% and surpassing estimates by 2.7%, and East West Bank reported revenues of $773.7 million, an 11.8% rise that beat estimates by 2.8%. On average, share prices of the group have held steady, rising 1.6% since the latest earnings results.

Western Alliance Bank announced that Melanie Krinsky, Senior Managing Director and Head of its Entertainment & Media Group, has been named a 2026 Entertainment Business Visionary by the LA Times Studios. Since founding the group in 2021, Krinsky has led more than $2.5 billion in financing for production, post-production, distribution and music clients, with the group expanding into music industry financing in 2025. Her work has supported award-winning films including "Anora," the Academy Award Best Picture 2025 winner distributed by client Neon, and "Everything Everywhere All at Once," the Academy Award Best Picture 2023 winner from client A24. The recognition highlights the growing importance of specialized financing in bringing film, television and music projects to market.