ARIZONA: Alliance Bank of Arizona ranked 11th among midsized banks nationally in a survey tracking profitability, capital strength and asset quality. Western Alliance Bancorporation was the only Arizona based company to be evaluated of the 300 banks tracked by Bank Director, a magazine and online resource for the executives and directors who run financial institutions.
Western Alliance finished near the top of 102 midsized banks, with high scores for profitability, a middling rank for capital strength and both high and low grades for asset quality. Mid sized banks were classified as those with assets between $5 billion and $50 billion.
Capital One Financial had the top ranking of 20 giant banks those with more than $50 billion in assets. Among other big financial institutions operating but not headquartered in Arizona, U.S. Bancorp ranked third, Wells Fargo fourth, JP Morgan Chase 18th and Bank of America 20th.
No Arizona companies were included among the 178 financial institutions ranked in the small bank category. Bank Director’s 2015 Bank Performance Scorecard was based on 2014 financial numbers for the institutions.
