Bank Named Best Business Bank, Best Private
Bank and Best Attorney Escrow Services Provider; Ranks in Top Three
of Best Business Bank Category for Ninth Consecutive Year
Signature Bank (Nasdaq: SBNY), a New York-based full-service
commercial bank, announced today it has been named Best Business
Bank, Best Private Bank and Best Attorney Escrow Services provider
by the New York Law Journal in its ninth annual survey of the New
York legal community. The rankings are part of the publication’s
“Best of” survey supplement (formerly Reader Rankings).
Furthermore, 2018 also marks the ninth straight year that Signature
Bank has earned a top three position in one or more of those same
categories, thereby earning the institution a place in New York Law
Journal’s Hall of Fame. The Hall of Fame is awarded to companies
that have placed in "Best of" for at least three of the past four
years.
Since 2010 when the New York Law Journal began its Reader
Rankings, Signature Bank has consistently secured the top spot or
ranked in the top three in the Best Business Bank, Best Private
Bank and Best Attorney Escrow Services provider categories. For the
past nine consecutive years, Signature Bank has been voted the Best
Business Bank four times. It is also the eighth consecutive year
Signature Bank was named in the top three of the Best Private Bank
category (number one twice), and the seventh consecutive year it
appeared in the top three in the Best Attorney Escrow Services
provider category, including ranking number one for the fourth
time.
CATEGORY
2018
2017
2016
2015
2014
2013
2012
2011
2010
Best Business Bank #1 #2 #1 #1 #1 #2 #3 #3 #2 Best Private Bank #1
#1 #2 #2 #2 #2 #3 #2 -- Best Attorney Escrow #1 #1 #2 #1 #2 #1 #2
-- -- Services provider
The rankings, which were revealed in the September 24, 2018
edition of the New York-area’s leading legal trade publication,
reflect the votes of 9,500+ attorneys and other legal
professionals, who were presented an opportunity to vote in more
than 80 legal-related categories. The voting process is purely
democratic, and results represent the candid opinions of New York
Law Journal readers and members of the New York legal
community.
“To be recognized as number one in all three categories is
extremely rewarding for all our colleagues. Signature Bank’s
single-point-of-contact, client-centric model has enabled us to
stand out, particularly in the legal arena, where we serve many
loyal clients. The trust and confidence Signature Bank earned from
the legal professionals with whom we work are the reasons we
received top placement in all three categories, and also why we
continually secured top billing over the past nine years since the
New York Law Journal’s survey began,” said Signature Bank President
and Chief Executive Officer Joseph J. DePaolo.
“We thank our clients for their ongoing commitment to Signature
Bank, and our colleagues for their unrelenting dedication. We very
much appreciate the opportunity to serve the legal community, and
remain dedicated to catering to its needs. We are gratified by the
time our clients took to cast their votes and for the trust they
put in our institution each and every day. We also thank the New
York Law Journal for this forum and the chance to be recognized
across the New York area’s legal sector,” DePaolo explained.
The New York Law Journal is a reliable news source for
attorneys, designed to keep the fast-paced New York-area legal
community up-to-date on industry trends and developments. The
publication is owned by ALM, a global leader in specialized
business news and information serving the legal, real estate,
consulting, insurance and investment advisory industries.
About Signature Bank
Signature Bank, member FDIC, is a New York-based full-service
commercial bank with 30 private client offices throughout the New
York metropolitan area, including those in Manhattan, Brooklyn,
Westchester, Long Island, Queens, the Bronx, Staten Island and
Connecticut. In 2018, the Bank expanded its footprint on the West
Coast with the opening of its first full-service private client
banking office in San Francisco. The Bank’s growing network of
private client banking teams serves the needs of privately owned
businesses, their owners and senior managers.
Signature Bank’s specialty finance subsidiary, Signature
Financial, LLC, provides equipment finance and leasing. Signature
Securities Group Corporation, a wholly owned Bank subsidiary, is a
licensed broker-dealer, investment adviser and member FINRA/SIPC,
offering investment, brokerage, asset management and insurance
products and services.
Since commencing operations in May 2001, the Bank has grown to
$45.22 billion in assets, $34.15 billion in loans, $34.99 billion
in deposits, $4.15 billion in equity capital and $3.49 billion in
other assets under management as of June 30, 2018. Signature Bank's
Tier 1 and risk-based capital ratios are significantly above the
levels required to be considered well capitalized.
Signature Bank is ranked the 40th largest bank in the U.S. from
nearly 6,000, based on deposits (SNL Financial). The Bank recently
earned several third-party recognitions, including: appeared on
Forbes' Best Banks in America list for the eighth consecutive year
in 2018; named Best Business Bank, Best Private Bank and Best
Attorney Escrow Services provider by the New York Law Journal in
the publication’s annual “Best of” survey for
2018, earning it a place in the New York Law Journal’s Hall
of Fame, awarded to companies that have ranked in the “Best of”
Survey for at least three of the past four years.
For more information, please visit www.signatureny.com.
This press release and oral statements made from time to time by
our representatives contain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
that are subject to risks and uncertainties. You should not place
undue reliance on those statements because they are subject to
numerous risks and uncertainties relating to our operations and
business environment, all of which are difficult to predict and may
be beyond our control. Forward-looking statements include
information concerning our future results, interest rates and the
interest rate environment, loan and deposit growth, loan
performance, operations, new private client teams and other hires,
new office openings and business strategy. These statements often
include words such as "may," "believe," "expect," "anticipate,"
"intend," “potential,” “opportunity,” “could,” “project,” “seek,”
“should,” “will,” “would,” "plan," "estimate" or other similar
expressions. As you consider forward-looking statements, you should
understand that these statements are not guarantees of performance
or results. They involve risks, uncertainties and assumptions that
could cause actual results to differ materially from those in the
forward-looking statements and can change as a result of many
possible events or factors, not all of which are known to us or in
our control. These factors include but are not limited to: (i)
prevailing economic conditions; (ii) changes in interest rates,
loan demand, real estate values and competition, any of which can
materially affect origination levels and gain on sale results in
our business, as well as other aspects of our financial
performance, including earnings on interest-bearing assets; (iii)
the level of defaults, losses and prepayments on loans made by us,
whether held in portfolio or sold in the whole loan secondary
markets, which can materially affect charge-off levels and required
credit loss reserve levels; (iv) changes in monetary and fiscal
policies of the U.S. Government, including policies of the U.S.
Treasury and the Board of Governors of the Federal Reserve System;
(v) changes in the banking and other financial services regulatory
environment and (vi) competition for qualified personnel and
desirable office locations. Although we believe that these
forward-looking statements are based on reasonable assumptions,
beliefs and expectations, if a change occurs or our beliefs,
assumptions and expectations were incorrect, our business,
financial condition, liquidity or results of operations may vary
materially from those expressed in our forward-looking statements.
Additional risks are described in our quarterly and annual reports
filed with the FDIC. You should keep in mind that any
forward-looking statements made by Signature Bank speak only as of
the date on which they were made. New risks and uncertainties come
up from time to time, and we cannot predict these events or how
they may affect the Bank. Signature Bank has no duty to, and does
not intend to, update or revise the forward-looking statements
after the date on which they are made. In light of these risks and
uncertainties, you should keep in mind that any forward-looking
statement made in this release or elsewhere might not reflect
actual results.
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version on businesswire.com: https://www.businesswire.com/news/home/20180924005067/en/
Signature BankInvestor
Contact:Eric R. Howell, 646-822-1402Executive
Vice President – Corporate and Business
Developmentehowell@signatureny.comorMedia
Contact:Susan J. Lewis,
646-822-1825slewis@signatureny.com
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