We do not intend and disclaim any duty or obligation to update or revise any industry information or forward-looking statements set forth in this press release to reflect new information, future events or otherwise.

PRESS RELEASE ATTACHMENT – SUPPLEMENT TO PROXY STATEMENT/PROSPECTUS

WESTERN LIBERTY BANCORP 8363 W. Sunset Road, Suite 350 Las Vegas, Nevada 89113

SUPPLEMENT TO PROXY STATEMENT/PROSPECTUS FOR THE SPECIAL MEETING OF STOCKHOLDERS TO BE HELD ON OCTOBER 17, 2012

Dear Western Liberty Stockholders:

On or about September 14, 2012, Western Liberty Bancorp, or Western Liberty, mailed to you a proxy statement/prospectus in connection with the solicitation of proxies for use at its special meeting of stockholders to be held on October 17, 2012 at 10:00 a.m., local time, at its principal executive offices at 8363 W. Sunset Road, Suite 350, Las Vegas, Nevada 89113. The purpose of the special meeting is to consider and vote upon the following proposals:
  • adoption of the Agreement and Plan of Merger, dated as of August 17, 2012, or the merger agreement, by and between Western Alliance Bancorporation, or Western Alliance, and Western Liberty, pursuant to which Western Liberty will merge with and into Western Alliance with Western Alliance surviving, or the merger, and approve the transactions contemplated thereby;
  • approval, on an advisory (non-binding) basis, of the compensation that may be paid or become payable to Western Liberty’s named executive officers in connection with the merger, and the agreements and understandings pursuant to which such compensation may be paid or become payable; and
  • adjournment or postponement of the special meeting, including, without limitation, a motion to adjourn the special meeting for the purpose of soliciting additional proxies in order to approve the foregoing proposals.

This proxy statement/prospectus supplement contains the following supplemental disclosures to the proxy statement/prospectus. These disclosures should be read in connection with the proxy statement/prospectus, which should be read in its entirety, including the section discussing “Risk Factors” relating to the merger and the combined company beginning on page 23. Defined terms used but not defined in the following supplemental disclosures have the meanings set forth in the proxy statement/prospectus.

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