Salt Lake City — Western Alliance Bank, Member FDIC, one of the country’s top-performing banking companies, now offers business banking services in Utah, providing a full spectrum of customized loan, deposit, and treasury management capabilities.
The team of experienced, Utah-based bankers will help business clients achieve their growth ambitions through superior, high-touch customer service, combined with the significant reach and resources of Western Alliance Bank, the #1 Best Emerging Regional Bank per Bank Director’s 2022 RankingBanking study.
Seth Brinkerhoff, a 20-year veteran in Utah’s banking sector, will serve as Senior Director of Commercial Banking. Brinkerhoff and his team bring significant expertise to all commercial and industrial financing areas, including customized solutions in real estate, construction and equipment loans, SBA financing, lines of credit, and working capital.
“We provide our clients with the best of both worlds: a history and knowledge of the needs of Utah business owners, combined with the significant resources of Western Alliance Bank,” says Brinkerhoff. “We want to work with our clients to offer the insight and experience, banking products, and business connections that help owners achieve their goals.”
Utah offers an impressive and consistent record of economic growth. Forbes named Utah the #1 state for Gross Domestic Product (GDP) growth in 2021, elevated by a $178.20 billion surge in the first quarter – the highest GDP quarterly increase in the State’s history. Over the past five years, Utah’s GDP grew by an average annual rate of nearly 4 percent, the second-highest rate among all 50 states. Utah’s population is also increasing. According to the US Census Bureau’s 2020 census, Utah experienced an average annual growth rate of almost two percent per year (18.4 percent over ten years), making it the fastest rate in the country. A combination of population growth, a highly educated workforce, a diverse economy, and a business-friendly atmosphere make the state an attractive place to do business.
Marshall Saunders will serve as VP of Commercial Banking. Born and raised in Utah and highly experienced in commercial and industrial lending and underwriting, Marshall provides a track record of experience, leadership, and communication that help clients accomplish their goals.
“Western Alliance Bank has the resources that will benefit many areas of commercial lending that I believe are currently underserved in Utah,” says Saunders. “With our strong economy and business growth, Western Alliance Bank brings a new and needed resource to the state’s business community.”
At Western Alliance Bank, we make it our business to know as much as possible about our clients’ businesses. Our bankers are responsive and have the authority to make prudent lending decisions quickly, with the power to cut through red tape.
Members of Western Alliance Bank in Utah, include:
Senior Director, Commercial Banking
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Vice President, Commercial Banking
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About Western Alliance Bank
With more than $60 billion in assets, Western Alliance Bancorporation is one of the country’s top-performing banking companies. The company is #2 best-performing of the 50 largest public U.S. banks in the S&P Global Market Intelligence listing for 2021, ranks high year after year on the Forbes list of “America’s Best Banks” and was named #1 Best Emerging Regional Bank per Bank Director’s 2022 RankingBanking study. Its primary subsidiary, Western Alliance Bank, Member FDIC, helps clients realize their ambitions with teams of experienced bankers and mortgage experts who deliver superior service and a full spectrum of customized loan, deposit, and treasury management capabilities, including blockchain-based offerings. Business clients also benefit from a powerful array of specialized financial services that provide strong expertise and tailored solutions for a wide variety of industries and sectors. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking brands and has offices in key markets nationwide. For more information, visit Western Alliance Bank online.