Founded in 2003, Torrey Pines bank is a subsidiary of Western Alliance Bancorporation, With assets of $5 Billion*, Western alliance is one of the fastest-growing financial service organizations in the nation. Its subsidiaries include banks in Arizona, Nevada and California, the WAL Leasing Company, the wealth management services of Miller/Russell & Associates, Inc. investment advisors and Premier Trust. On June 30, 2005, Western Alliance Bancorporation became a publicly traded corporation (NYSE: WAL).
From $20 million in initial capital commitments, Torrey Pines Bank grew to total assets in excess of $617 million* in less than four years. The bank became profitable in its eight month of operation and is one of the top 10 largest banks of 230 banks opened since the beginning of 2003.
Clearly our approach to serving San Diego-area entrepreneurs and professionals is meeting an urgent need in this market, and we are building a loyal client base whose referrals nurture our rapid growth. Like the torrey pine, this bank is a unique local phenomenon that is thriving beyond all expectations. – less–ZoomInfo