Western Alliance Bank Makes Home in Westerville

Western Alliance Bank, one of the country’s topperforming banks with more than $65 billion in assets, recently announced an expansion into Westerville, investing $2.2 million and creating 150 new jobs. Western Alliance currently has nearly 3,400 full-time employees and is adding new positions for analysts, engineers, developers, network operators, management, finance specialists and others as it grows in the Central Ohio region.

To support the bank’s rapidly growing products and business segments, the company’s IT division is establishing a workforce in Westerville to enable the acquisition and retention of world-class data analytics, cyber security, software development, finance and IT talent.

“We are building a high-performing technology enterprise for our high-performing bank, and we were drawn to this outstanding part of Ohio. The robust talent pipeline, concentration of finance and technology companies and competitive business environment in the Columbus Region is the type of ecosystem we were looking for when scouting locations across the country,” said Tim Boothe, chief operating officer of Western Alliance Bank. “The community amenities, strong corporate presence, Class A office product and talent acquisition practices made Westerville the top contender for this project, which will ultimately be a catalyst for the bank’s growth nationwide.”

Headquartered in Phoenix, Arizona, Western Alliance Bank operates individual, full-service banking and financial brands with offices in key markets nationwide. The company was awarded #1 top-performing bank with $50 billion or more of assets in 2021 and 2022 per American Banker. Its parent company, Western Alliance Bancorporation, ranked S&P Global Market Intelligence’s #1 BestPerforming Largest Public U.S. Bank in 2019 and 2020. Other parent company accolades include #1 Best Bank ($50 billion and above) in 2021 by Bank Director and 2022 All-America Executive Team by Institutional Investor (including #1 Best CEO and #1 Best CFO).

Economic Development Director Rachel Ray says the growth in financial services technologies is an emerging market in Westerville.

“Our finance cluster and broader business community is proud to welcome Western Alliance, one of the best performing banks in the country, to Westerville,” she said. “Westerville is already home to dozens of companies that specialize in technology and finance, so combined with the Region’s highly educated talent pipeline, we know that Western Alliance will thrive in this community.”

The company plans to lease the 28,000-squarefoot third floor of the Westar I office building, located at 570 Polaris Parkway, near the intersection with Cleveland Avenue. With its expanded presence in Westerville, Western Alliance Bank joins the community of global banking institutions, national insurance and technology companies changing the industry in the region, including Columbus and the surrounding suburbs. According to JobsOhio, a partner in the bank’s expansion planning, finance and insurance comprise the top private sector by economic output in the area.

For more on this and other economic development news, visit business.westerville.org.