Western Alliance Bank

Western Alliance Bank is a US bank that provides escrow and paying agent services for M&A, asset sales, capital raising and deferred payments. Its Gateway platform combines documents and payouts, and a dedicated team supports domestic and cross-border transactions with foreign-exchange settlement.

Services - Business escrow; - Paying agent; - Financing escrow; - Deferred consideration.

Clients Corporate buyers, private equity, law firms and companies being sold.

Timing and onboarding The bank states that it reviews agreements and processes payments on the day the account is opened, provided the requirements are met. A fast-track KYC process is described for the party making the deposit.

Market The United States. The funds held are cash.

Who it suits Deal teams that want a bank, rather than a non-bank agent, to hold funds under an escrow agreement, and law firms that coordinate payouts across several parties. Fees are not published and depend on the deal structure. Details of the cross-border and currency-settlement offering, including supported currencies, should be requested from the bank's escrow team.