Western Alliance Completes Previously Announced AmeriHome Mortgage Company Transaction
PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (“Western Alliance”) (NYSE: WAL) today announced it has completed the acquisition of Aris Mortgage Holding Company, LLC, the parent company of AmeriHome Mortgage Company, LLC (“AmeriHome”). Based on AmeriHome’s closing balance sheet and a $275 million premium, total consideration is approximately $1.22 billion.
“We are pleased to announce the completion of the AmeriHome acquisition as we successfully concluded the government-sponsored enterprise and state licensing process ahead of schedule,” said Ken Vecchione, President and Chief Executive Officer of Western Alliance. “Additionally, we have signed an agreement for the sa
