By 1808Delaware
The Polaris area in southern Delaware County is already home to one of the largest banking centers in the country.
That concentration of financial services is about to grow with a new, $2.2 million technology hub set for Western Alliance Bancorporation, one of the country’s top-performing banks with more than $65 billion in assets.
The new hub will be located at 570 Polaris Parkway in Westerville, east of I-71 and near the Polaris Parkway/Cleveland Road intersection. It will be home to 150 new jobs, part of its 3,400 full-time employees across all of its offices. This is Western Alliance Bank’s first foray into the Columbus Region.
“We are building a high-performing technology enterprise for our high-performing bank, and we were drawn to this outstanding part of Ohio. The robust talent pipeline, concentration of finance and technology companies and competitive business environment in the Columbus Region is the type of ecosystem we were looking for when scouting locations across the country,” said Tim Boothe, chief operating officer of Western Alliance Bank. “The community amenities, strong corporate presence, Class A office product and talent acquisition practices made Westerville the top contender for this project, which will ultimately be a catalyst for the bank’s growth nationwide.”
Headquartered in Phoenix, American Banker and Bank Director both ranked Western #1 for performance in 2021 among large banks with assets greater than $50 billion.
“Our finance cluster and broader business community is proud to welcome Western Alliance, one of the best performing banks in the country, to Westerville,” said Rachel Ray, economic development director for the City of Westerville.
“Westerville is already home to dozens of companies that specialize in technology and finance, so combined with the Region’s highly educated talent pipeline, we know that Western Alliance will thrive in this community.”
Western Alliance Bank joins the community of global banking institutions, national insurance and technology companies changing the industry that are proud to call the Columbus Region home. Finance and insurance comprise the top private sector by economic output in the Region. Both established and high growth companies in Columbus benefit from the Region’s continuous growth and skilled talent pool with nearly 40 academic and vocational institutions with business, finance and communication programs representing over 4,100 degree completions annually that produce large talent pools ready to enter the market.
“This expansion in Westerville demonstrates Western Alliance Bank’s confidence in Ohio’s strong and diverse financial services sector,” said J.P. Nauseef, president and CEO of JobsOhio. “Western Alliance Bank’s investment brings rapid hiring for 150 new jobs that will support the continued national growth of one of the nation’s top performing banks.”
