Bank of Nevada parent gets $141 million from lending fund
Western Alliance Bancorporation, the holding company for Bank of Nevada, announced Wednesday it has received $141 million from the Small Business Lending Fund.
The fund, which is administered by the U.S. Treasury Department, was created by the Small Business Jobs Act of 2010. The bill aimed to increase lending to small businesses by community banks.
Besides Bank of Nevada, the Phoenix-based multibank holding company operates Alliance Bank of Arizona, First Independent Bank in Reno and Torrey Pines Bank in San Diego.
