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WAL > SEC Filings for WAL > Form 8-K on 1-May-2013All Recent SEC Filings

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Form 8-K for WESTERN ALLIANCE BANCORPORATION


1-May-2013

Other Events


Item 8.01 Other Events.

On April 30, 2013, Western Alliance Bank ("WAB"), an Arizona corporation and wholly owned subsidiary of Western Alliance Bancorporation, successfully closed the acquisition of Centennial Bank, a California industrial bank ("Centennial Bank"), pursuant to the previously disclosed Agreement and Plan of Merger, dated January 18, 2013, among WAB, LandAmerica Financial Group, Inc., a Virginia corporation in dissolution ("LFG"), Orange County Bancorp, a California corporation and wholly owned subsidiary of LFG (the "Sole Stockholder"), and Centennial Bank, a wholly owned subsidiary of Sole Stockholder (the "Agreement"). Pursuant to the terms and conditions of the Agreement, WAB paid LFG cash consideration in the amount of $57,500,000, distribution of specified loans and assumption of Centennial Bank's transactional expenses up to $1,000,000.


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