Mountain Pacific Investment Advisers Inc. ID raised its stake in Western Alliance Bancorporation (NYSE:WAL – Get Rating) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 313,176 shares of the financial services provider’s stock after acquiring an additional 408 shares during […]
Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. Follow @BramBerko
When the $43 billion asset
Western Alliance Bancorporation (NYSE:WAL) announced that it would purchase the mortgage company AmeriHome Mortgage, some investors might have been surprised, given Western Alliance s dominance in the commercial and industrial (C&I) lending space. After all, if it s not broke, why fix it? And in this case, if it s an industry leader, why fix it?
But since the deal got announced in February, it is already looking like Western Alliance made the right decision. Here s why.
Western Alliance Makes Major Bet on Mortgage Banking fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.