CONFIDENTIAL April 3, 2006Letter of Agreement • May 15th, 2006 • Western Alliance Bancorporation • State commercial banks • California
Western Alliance Bancorporation (“WAL”) and the undersigned organizers (“Organizers”) and proposed executive officers (“Officers”) of Alta California Bank (Proposed) (“ACB”) are entering into this Letter of Agreement (this “Letter”) to confirm their understanding regarding the organization of ACB. The Organizers and Officers are referred to herein collectively as the “Organizing Group”. WAL is a registered bank holding company, the common stock of which is traded on the New York Stock Exchange (“NYSE”). This Letter expresses the terms and conditions pursuant to which the parties are prepared to enter into the transactions described herein.
