WAL - Western Alliance Bancorp jumps 5% on $209M offering

Western Alliance Bancorporation ([[WAL]] +4.7%) has pricied 2.3M shares of common stock at $91/share for a total offering of ~$209M, to support the recently announced AmeriHome acquisition and its future growth.Intends to use the net proceeds for general corporate purposes, including providing capital to support future growth and the repayment, redemption or repurchase of existing indebtedness.Closing date on March 8, 2021.

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Western Alliance Bancorp jumps 5% on $209M offering