San Diego, CA -- (SBWIRE) -- 04/04/2023 -- An investigation was announced over potential securities laws violations by Western Alliance Bancorporation in connection with certain financial statements.

Investors who purchased shares of Western Alliance Bancorporation (NYSE: WAL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Western Alliance Bancorporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Phoenix, AZ based Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. Western Alliance Bancorporation reported that its annual Total Revenue rose from over $1.84 billion in 2021 to over $2.29 billion in 2022, and that its Net Income increased from $899.2 million in 2021 to over $1.05 billion in 2022.

On March 10, 2023, Business Insider reported that Western Alliance Bancorporation has issued financial reports "showing growing deposits and strong liquidity in the form $2.5 billion in cash on its balance sheet, a fully collateralized credit facility of $13.1 billion, and uncommitted credit lines of $4.6 billion."

Shares of Western Alliance Bancorporation (NYSE: WAL) declined from $81.17 per share on February 02, 2023, to as low as $22.50 per share on March 14, 2023.

Those who purchased shares of Western Alliance Bancorporation (NYSE: WAL) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.