Western Alliance Says ‘No Truth’ to Report of Deal Talks (2)

Western Alliance Bancorp denied a report that it’s exploring strategic options including a possible sale of all or part of its business.

“This story is absolutely false, there is no truth to this,” Stephanie Whitlow, Western Alliance’s chief marketing officer, said in an email.

The Financial Times reported Thursday that the Phoenix-based company has hired advisers to explore its options, citing two people familiar with the matter, adding that the bank’s deliberations were at an early stage and might not come to anything.

The Western Alliance Bank headquarters in Phoenix on March 13.

Photographer: Caitlin O’Hara/Bloomberg

In a statement later in the morning, Western Alliance said it’s not exploring a sale nor ...