Western Alliance Bancorp. WAL -4.40% updated its financial information on Wednesday to reassure investors about the strength, soundness, and stability of the company after it was caught in a selloff among regional banks. The sell-off was sparked both by the distressed sale of First Republic Bank JPMorgan Chase & Co. and a Bloomberg report on Wednesday that PacWest leaders were considering their own strategic alternatives, including a possible sale. Western Alliance, based in Phoenix, said that it had not seen any unusual deposits since the sale of First Republic. The bank stated that total deposits were $48.8 Billion as of May 2nd, up from $48.2 Billion on May 1st and flat with Friday April 28th. “Quarter-to-date, deposits have increased $1.2 billion compared to $47.6 Billion as of March 31,” the bank said in a statement. Insured Deposits account for 74% and more than 88% of its biggest deposit relationships are insured. The bank’s previously announced balance-sheet repositioning is still on track. Its CET1 ratio was 9.7% at the end of April, compared to 9.4% at the end of March. CET1 or the common equity Tier 1 (CET1) ratio compares a banks capital to its risk-weighted asset to determine its ability of withstand financial distress. The shares were down by 22% before the market opened.