The founding CEO of Alliance Bank of Arizona, Jim Lundy, will retire on March 31.
Lundy helped build the 2003 startup bank into the fourth largest banking organization in the state. Alliance Bank of Arizona is part of the $17 billion Western Alliance Bancorporation.
Don Garner will take over as the new CEO of Alliance Bank of Arizona, effective Jan. 1.
Lundy has been a chairman and is currently a board member of the Greater Phoenix Economic Council (GPEC), He also chaired the Catholic Community Foundation, in addition to serving as secretary of the Phoenix Civic Improvement Corporation and the Arizona Bankers Association.
“I have had the personal privilege to have worked with Jim since 1991; he has been a great mentor and partner to me and for many others at Western Alliance,” Robert Sarver, chairman and CEO of Western Alliance Bancorporation, said. “Jim led the formation of Alliance Bank and its growth for the last 13 years. His myriad talents and true commitment have helped us to build an exceptional banking enterprise, and Jim’s strong leadership and integrity also have shaped his active involvement in the civic and business life of our community. We would not be where we are today without Jim and I am very grateful for his service.”
Garner has been a commercial and real estate banker in Arizona for 26 years and has served as executive vice president and real estate manager for Alliance Bank of Arizona’s lending group. He has worked for Alliance Bank since its inception in 2003.
“As the new CEO of Alliance Bank of Arizona, Don is an outstanding banker with a deep and successful history with our company,” Sarver said. “I am very pleased to be able to fill this key leadership position from within our own ranks.”