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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	December 19, 2006
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  	Western Alliance Bancorporation
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Nevada
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  	001-32550
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  	88-0365922
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	2700 W. Sahara Avenue, Las Vegas, Nevada
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  	89102
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	702.248.4200
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  <FONT SIZE="2">
  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
  </P>
  <P><FONT SIZE="2">
  [x]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 1.01 Entry into a Material Definitive Agreement.
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  On December 19, 2006, Western Alliance Bancorporation ("Western" or the "Company") and First Independent Capital of Nevada ("FICN") entered into an Agreement and Plan of Merger (the "Agreement"), pursuant to which the Company will acquire FICN and its wholly owned subsidiary, First Independent Bank of Nevada ("FIBN").  Under the terms of the agreement, FICN shareholders may elect to receive either $93.60 in cash or $93.60 in Western common stock for each share of FICN common stock, subject to proration and allocation procedures, so long as Western&#x2019;s average stock price (as defined in the agreement) is between $32.91 and $39.13 per share. If Western&#x2019;s average stock price is below $32.91, the exchange ratio will be fixed at 2.84412. If Western&#x2019;s average stock price is above $39.13, the exchange ratio will be fixed at 2.39203.  The parties have established an additional $3 million reserve which may be released to the FICN shareholders following closing, in whole or in part, depending upon the performance of certain credits in the FIBN loan portfolio.<br><br>It is anticipated that John Sande III will join Western&#x2019;s Board of Directors following consummation of the transaction.<br><br>The Agreement contains customary representations and warranties of the parties. The Agreement contains certain termination rights for both the Company and FICN, and further provides that, upon termination of the Agreement upon specified circumstances, FICN may be required to pay the Company a termination fee of $4.8 million plus up to $300,000 in expenses. The transaction is subject to customary closing conditions, including approval from shareholders of FICN and banking regulators, and is expected to be completed in the first half of 2007. <br><br>The description of the Agreement set forth above is qualified in its entirety by reference to the actual terms of the Agreement, which will be filed by the Company as an exhibit to its Annual Report on Form 10-K for the year ended December 31, 2006 and its Registration Statement on Form S-4 related to the proposed merger. <br><br>A copy of the related press release is filed as Exhibit 99.1. <br>
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  <B>
  	Item 8.01 Other Events.
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  On December 19, 2006, Western Alliance announced plans to sell up to 25 percent of its securities portfolio, resulting in an aggregate after-tax loss in the fourth quarter of 2006 of up to $3.0 million, or $0.10 per share.  The proceeds from the sale will be reinvested or utilized to reduce wholesale borrowings.
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  	Item 9.01 Financial Statements and Exhibits.
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  The Exhibit listed in the accompanying Exhibit Index is filed by reference as part of this report.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Western Alliance Bancorporation
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  	&nbsp;&nbsp;
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  <I>
  	December 19, 2006
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  <I>
  	By:
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  <I>
  	Dale Gibbons
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  	&nbsp;
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  <I>
  	Name: Dale Gibbons
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  <I>
  	Title: Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	&nbsp;
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  	Description
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  	99.1
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  	&nbsp;
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  Press Release dated December 19, 2006
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_17140.htm", "description": "LIVE FILING", "secsgml_size_bytes": 12409}]
metadata_filer: {"company-data": {"conformed-name": "WESTERN ALLIANCE BANCORPORATION", "cik": "0001212545", "assigned-sic": "6022", "irs-number": "000000000", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32550", "film-number": "061287984"}, "business-address": {"street1": "2700 WEST SAHARA AVENUE", "city": "LAS VEGAS", "state": "NV", "zip": "89102", "phone": "7022484200"}}
text: Western Alliance Bancorporation (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  December 19, 2006
  Western Alliance Bancorporation
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Nevada
  001-32550
  88-0365922
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  2700 W. Sahara Avenue, Las Vegas, Nevada
  89102
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  702.248.4200
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [x]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On December 19, 2006, Western Alliance Bancorporation ("Western" or the "Company") and First Independent Capital of Nevada ("FICN") entered into an Agreement and Plan of Merger (the "Agreement"), pursuant to which the Company will acquire FICN and its wholly owned subsidiary, First Independent Bank of Nevada ("FIBN").  Under the terms of the agreement, FICN shareholders may elect to receive either $93.60 in cash or $93.60 in Western common stock for each share of FICN common stock, subject to proration and allocation procedures, so long as Western's average stock price (as defined in the agreement) is between $32.91 and $39.13 per share. If Western's average stock price is below $32.91, the exchange ratio will be fixed at 2.84412. If Western's average stock price is above $39.13, the exchange ratio will be fixed at 2.39203.  The parties have established an additional $3 million reserve which may be released to the FICN shareholders following closing, in whole or in part, depending upon the performance of certain credits in the FIBN loan portfolio.
  It is anticipated that John Sande III will join Western's Board of Directors following consummation of the transaction.
  The Agreement contains customary representations and warranties of the parties. The Agreement contains certain termination rights for both the Company and FICN, and further provides that, upon termination of the Agreement upon specified circumstances, FICN may be required to pay the Company a termination fee of $4.8 million plus up to $300,000 in expenses. The transaction is subject to customary closing conditions, including approval from shareholders of FICN and banking regulators, and is expected to be completed in the first half of 2007.
  The description of the Agreement set forth above is qualified in its entirety by reference to the actual terms of the Agreement, which will be filed by the Company as an exhibit to its Annual Report on Form 10-K for the year ended December 31, 2006 and its Registration Statement on Form S-4 related to the proposed merger.
  A copy of the related press release is filed as Exhibit 99.1.
  Item 8.01 Other Events.
  On December 19, 2006, Western Alliance announced plans to sell up to 25 percent of its securities portfolio, resulting in an aggregate after-tax loss in the fourth quarter of 2006 of up to $3.0 million, or $0.10 per share.  The proceeds from the sale will be reinvested or utilized to reduce wholesale borrowings.
  Item 9.01 Financial Statements and Exhibits.
  The Exhibit listed in the accompanying Exhibit Index is filed by reference as part of this report.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Western Alliance Bancorporation
  December 19, 2006
  By:
  Dale Gibbons
  Name: Dale Gibbons
  Title: Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.1
  Press Release dated December 19, 2006