What are Western Alliance Bancorporation's Business Segments?
Commercial and Industrial: Commercial and industrial loans include working
capital lines of credit, inventory and accounts receivable lines, mortgage warehouse
lines, equipment loans and leases, and other commercial loans. Loans to technology
companies, tax exempt municipalities, and not-for-profit organizations are categorized
as commercial and industrial loans.
Construction and Land Development: Construction and land development loans
include multi-family apartment projects, industrial/warehouse properties, office
buildings, retail centers, and medical facilities. These loans are primarily
originated to experienced local developers with whom the Company has a satisfactory
lending history. An analysis of each construction project is performed as part
of the underwriting process to determine whether the type of property, location,
construction costs, and contingency funds are appropriate and adequate. Loans
to finance commercial raw land are primarily to borrowers who plan to initiate
active development of the property within two years.
Consumer: Limited types of consumer loans are offered to meet customer demand
and to respond to community needs. Consumer loans are generally offered at a
higher rate and shorter term than residential mortgages. Examples of our consumer
loans include: home equity loans and lines of credit, home improvement loans,
and personal lines of credit.
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