Western Alliance Bank, First Independent Bank, Alliance Bank of Arizona, Bank of Nevada, and Western Alliance Bancorporation are able to access the Federal Home Loan Bank (FHLB) community investment grant program. These grants, which are provided by the FHLB of San Francisco, are fully collateralized credit facilities with a current balance of $13.1 billion as of 3/9/2023. Western Alliance Bank is the largest source of these grants in Arizona, California, and Nevada. Additionally, Western Alliance Bank's Specialized Mortgage Services group offers financing to qualified mortgage bankers. In 2020, Jennifer Schachterle, a longtime mortgage banker, was named senior vice president of sales at the Federal Home Loan Bank of San Francisco. Amidst a thinning interest margin, Western Alliance Bank has turned to the FHLB of San Francisco for additional support.