Western Alliance Bank Announces $2 Million Donation to Strengthen, Protect Communities Impacted by COVID-19
Western Alliance Bank (NYSE: WAL) today announced it is committing $2 million in 2020 to help mitigate the impact of the COVID-19 global pandemic on its local communities, and to strengthen those communities as they work to emerge from the crisis.
The funds will help address shortages of personal protective equipment (PPE) for first responders, address food insecurity, invest in technology to aid online learning, aid struggling small businesses, support pediatric care and provide assistance to some of the most vulnerable in the communities Western Alliance serves.
“Our communities face unprecedented health and economic challenges from the coronavirus,” said Kenneth Vecchione, President and Chief Executive Officer of Western Alliance Bank. “We are a people-first organization, and that we are able to help others – from firefighters and front-line healthcare workers to small businesses and hungry families who need support right now – is meaningful to all of us.”
Contributions will be directed primarily to local COVID-19 relief funds and nonprofit and community organizations in Arizona, California and Nevada, where Western Alliance operates individually branded, full-service banking divisions: Alliance Bank of Arizona, Bank of Nevada (Southern Nevada), Bridge Bank (Northern California), First Independent Bank (Northern Nevada), and Torrey Pines Bank (Southern California).
The nonprofit and community organizations selected to receive funding have committed to supporting the immediate and long-term needs of those affected by the pandemic, putting resources into those communities quickly and efficiently.
In Arizona, funded organizations include:
- The Arizona Coronavirus Relief Fund, providing PPE to first responders, as well as financial support for local food banks, homeless shelters, domestic violence shelters, and technology for online learning for low-income students.
- The Local First Arizona Small Business Relief Fund, which provides grants to Arizona’s smallest, locally owned enterprises.
- The Pediatric Healthcare Initiative Fund, providing additional financial support to Phoenix Children’s Hospital, qualifying for federal matching equal to four times the amount of the donation.
In California, funded organizations include: