Western Alliance Completes Previously Announced AmeriHome Mortgage Company Transaction

Published Apr 07 2021 at 8:16 PM GMT
  • 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.
  • "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 sale of approximately $750 million of mortgage servicing rights to strong counterparties that will allow Western Alliance to retain substantially all of the custodial deposits, which is expected to be completed in May.
  • Both Western Alliance and AmeriHome have already begun to recognize the meaningful synergies of this partnership and we are enthused by this strong momentum to date.


  • Published Apr 7, 2021 8:16 PM GMT