Salt Lake City – Western Alliance Bank, Member FDIC, one of the nation’s most successful banking companies, now offers business banking services in Utah, offering a full suite of personalized loan, deposit and cash.
The team of experienced Utah-based bankers will help corporate clients realize their growth ambitions through superior, high-quality customer service, combined with the significant reach and resources of Western Alliance Bank, the premier best emerging regional bank according to the 2022 bank manager ranking. study.
Seth Brinkerhoff, a 20-year veteran of the Utah banking industry, will serve as senior director of commercial banking. Brinkerhoff and his team bring significant expertise in all areas of commercial and industrial financing, including custom solutions in real estate, construction and equipment loans, SBA financing, lines of credit and working capital.
“We offer our clients 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 customers to provide the insight and experience, banking products and business relationships that help owners achieve their goals.”
Utah offers an impressive and steady record of economic growth. Forbes named Utah the No. 1 state for gross domestic product (GDP) growth in 2021, boosted by a $178.20 billion increase in the first quarter – the largest quarterly GDP increase of the history of the state. Over the past five years, Utah’s GDP has grown at an average annual rate of nearly 4%, the second highest rate among the 50 states. Utah’s population is also growing. According to the US Census Bureau’s 2020 census, Utah experienced an average annual growth rate of nearly 2% per year (18.4% over ten years), making it the fastest rate in the country. A combination of growing population, a highly skilled workforce, a diverse economy, and a business-friendly atmosphere make the state an attractive place to do business.
Marshall Saunders will serve as vice president of commercial banking. Born and raised in Utah and highly experienced in commercial and industrial lending and underwriting, Marshall provides experience, leadership and communication that helps clients achieve their goals.
“Western Alliance Bank has the resources that will benefit many areas of commercial lending that I believe are currently underserved in Utah,” Saunders says. “With our strong economic and business growth, Western Alliance Bank is bringing a new and needed resource to the state’s business community.”
At Western Alliance Bank, we strive to learn as much as possible about our customers’ activities. Our bankers are responsive and have the power to make prudent lending decisions quickly, with the power to cut red tape.
Western Alliance Bank members in Utah include:
Senior Manager, Business Banking
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Vice President, Business Services
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About Western Alliance Bank
With over $60 billion in assets, Western Alliance Bancorporation is one of the most successful banking companies in the country. The company is the second best performer of the 50 largest U.S. public banks in the S&P Global Market Intelligence list for 2021, ranks year after year on Forbes’ list of “America’s Best Banks” and has been named the No. 1 Best Regional Bank. Emerging Markets by Bank Manager RankingBanking 2022 Study. Its main subsidiary, Western Alliance Bank, member FDIC, helps customers realize their ambitions with teams of experienced bankers and mortgage experts who offer superior service and a full range of personalized loan, deposit management capabilities. and cash, including blockchain-based offerings. Corporate clients also benefit from a wide range of specialized financial services that offer solid expertise and tailor-made solutions for a wide variety of industries and sectors. Serving customers nationwide, wherever business takes place, Western Alliance Bank operates individual full-service banking brands and maintains offices in key markets nationwide. For more information, visit Western Alliance Bank online.