Business Context and Reporting Period
This Form 8-K Current Report was filed by Western Alliance Bancorporation on November 2, 2009. The report discloses a change in key executive officers effective November 10, 2009.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Appointment: Susan C. Thompson, CPA, was appointed Senior Vice President and Controller on November 2, 2009.
- Role Transition: Ms. Thompson will assume the position of Principal Accounting Officer on November 10, 2009.
- Departure: Thomas W. Edington, CPA, will cease serving as Principal Accounting Officer effective November 10, 2009, to assume other responsibilities within the Company.
Management Commentary and Background
Ms. Thompson is a Certified Public Accountant with over 20 years of banking experience. Her background includes:
- Senior Vice President and Corporate Controller at Pacific Capital Bancorp (June 2007 – October 2009).
- Senior Vice President and Corporate Controller at Community West Bancshares (February 2002 – June 2007).
- Vice President Finance/Risk Management at Community West Bancshares.
- Commercial banking operations and management roles at Montecito Bank and Trust (1983 – 1992).
- Financial Auditor at Deloitte and Touche LLP.
She holds a Bachelor of Science degree from the University of Utah and a degree in Bank Management from Pacific Coast Banking School.
Investor Verification Checklist
- Verify the effective date of the Principal Accounting Officer transition (November 10, 2009).
- Confirm the new reporting structure for the Controller and Principal Accounting Officer roles.
- Review subsequent filings for any financial impact related to the leadership change.