BRIEF-Western Alliance Bancorporation Says Has Not Experienced Unusual Deposit Flows Following Sale Of First Republic Bank

Western Alliance Bancorp: * ORATION ISSUES UPDATED FINANCIAL INFORMATION * BANK HAS NOT EXPERIENCED UNUSUAL DEPOSIT FLOWS FOLLOWING SALE OF FIRST REPUBLIC BANK AND OTHER RECENT INDUSTRY NEWS * DEPOSITS WERE $48.8 BILLION AS OF TUESDAY, MAY 2, UP FROM $48.2 BILLION AS OF MONDAY, MAY 1, AND FLAT TO FRIDAY, APRIL 28 * COMPLETION OF $6 BILLION OF FULL-YEAR SELECT ASSET DISPOSITIONS DISCUSSED ON OUR Q1 2023 EARNINGS CALL REMAIN ON TRACK * REAFFIRMS $2 BILLION QUARTER-OVER-QUARTER DEPOSIT GROWTH RATE GUIDANCE * QUARTER TO DATE, DEPOSITS ARE UP $1.2 BILLION FROM $47.6 BILLION AS OF MARCH 31.

Western Alliance Bancorp: * ORATION ISSUES UPDATED FINANCIAL INFORMATION

* BANK HAS NOT EXPERIENCED UNUSUAL DEPOSIT FLOWS FOLLOWING SALE OF FIRST REPUBLIC BANK AND OTHER RECENT INDUSTRY NEWS * DEPOSITS WERE $48.8 BILLION AS OF TUESDAY, MAY 2, UP FROM $48.2 BILLION AS OF MONDAY, MAY 1, AND FLAT TO FRIDAY, APRIL 28

* COMPLETION OF $6 BILLION OF FULL-YEAR SELECT ASSET DISPOSITIONS DISCUSSED ON OUR Q1 2023 EARNINGS CALL REMAIN ON TRACK * REAFFIRMS $2 BILLION QUARTER-OVER-QUARTER DEPOSIT GROWTH RATE GUIDANCE

* QUARTER TO DATE, DEPOSITS ARE UP $1.2 BILLION FROM $47.6 BILLION AS OF MARCH 31. * AS OF MAY 2, IN ACCORDANCE WITH REGULATORY REQUIREMENTS, INSURED DEPOSITS REPRESENT OVER 74% OF TOTAL DEPOSITS

* COMPLETION OF $6 BILLION OF FULL-YEAR SELECT ASSET DISPOSITIONS DISCUSSED ON OUR Q1 2023 EARNINGS CALL REMAIN ON TRACK. * WESTERN ALLIANCE'S CET1 RATIO WAS APPROXIMATELY 9.7% AS OF APRIL 30 COMPARED TO 9.4% AS OF MARCH 31

* WE REAFFIRM OUR $2 BILLION QUARTER-OVER-QUARTER DEPOSIT GROWTH RATE GUIDANCE * WESTERN ALLIANCE - LIQUIDITY COVERAGE OF UNINSURED DEPOSITS FROM ON-BALANCE SHEET LIQUIDITY AND AVAILABLE BORROWING CAPACITY WAS APPROXIMATELY 165%

* BANK HAS NOT EXPERIENCED UNUSUAL DEPOSIT FLOWS FOLLOWING SALE OF FIRST REPUBLIC BANK AND OTHER RECENT INDUSTRY NEWS Source text for Eikon: Further company coverage: