Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Hendricks Bruce
 2. Date of Event Requiring Statement (Month/Day/Year)
01/22/2008		 3. Issuer Name and Ticker or Trading Symbol
WESTERN ALLIANCE BANCORPORATION [WAL]
(Last)
(First)
(Middle)
C/O WESTERN ALLIANCE BANCORPORATION, 2700 WEST SAHARA AVENUE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

LAS VEGAS, NV 89102		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 10,057
D
 
Common Stock 12,500
I
by the Bruce and Judith Hendricks Trust dated 10/29/90

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)   (1) 03/31/2010 Common Stock 10,500 $ 3.79 D  
Stock Option (right to buy)   (1) 09/26/2011 Common Stock 11,250 $ 6.33 D  
Stock Option (right to buy)   (1) 10/24/2012 Common Stock 37,500 $ 7.03 D  
Stock Option (right to buy)   (1) 01/25/2015 Common Stock 2,000 $ 16.5 D  
Stock Option (right to buy)   (2) 01/25/2015 Common Stock 3,000 $ 16.5 D  
Stock Option (right to buy)   (3) 01/23/2014 Common Stock 12,500 $ 34.8 D  
Stock Option (right to buy)   (4) 01/22/2015 Common Stock 20,000 $ 15.9 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hendricks Bruce
C/O WESTERN ALLIANCE BANCORPORATION
2700 WEST SAHARA AVENUE
LAS VEGAS, NV 89102		       Executive Vice President  

Signatures

/s/ Dale Gibbons, Attorney-in-Fact 01/25/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The options are fully vested.
(2) The options vest in three equal annual installments beginning on January 25, 2008.
(3) The options vest in four equal annual installments beginning on January 23, 2008.
(4) The options vest in four equal annual installments beginning on January 22, 2009.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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