Western Alliance discloses fraud lawsuit against Cantor Group V; collateral covers obligation

WESTERN ALLIANCE BANCORPORATION

Bank has a note finance revolving credit facility to Cantor Group V, LLC secured by pledged commercial real estate loans.
In August, Bank sued Cantor Group V alleging fraud for failing to provide first-position collateral loans.
Existing collateral based on as-is appraisals believed to cover obligation; also has limited and full guaranties from two ultra-high net worth individuals.
Total criticized assets as of now are lower than June 30, 2025 levels.
Company affirms its guidance and 2025 outlook from Q2 2025 earnings release dated July 17, 2025.

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