Western Alliance Bancorp says its deposits remain stable but stock still falls

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Western Alliance Bancorp says its deposits remain stable but stock still falls
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Western Alliance Bancorp said Thursday its deposits have remained stable. The bank reported total deposits of $49.4 billion as of Tuesday, with...

Western Alliance Bancorp WAL said Thursday its deposits have remained stable. The bank reported total deposits of $49.4 billion as of Tuesday, with quarter-to-date deposit growth of $1.8 billion from $47.6 billion as of March 31 and higher by about $600 million from $48.8 billion as of May 2. Insured deposits were approximately 79% of total deposits as of Tuesday, May 9, compared to 68% as of March 31.

Western Alliance Bancorp WAL said Thursday its deposits have remained stable. The bank reported total deposits of $49.4 billion as of Tuesday, with quarter-to-date deposit growth of $1.8 billion from $47.6 billion as of March 31 and higher by about $600 million from $48.8 billion as of May 2. Insured deposits were approximately 79% of total deposits as of Tuesday, May 9, compared to 68% as of March 31.

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