Signature Bank (Nasdaq: SBNY), a New York-based full-service
commercial bank, announced today three private client banking teams
have joined offices in Manhattan and Long Island.
Lisa Vazquez-Kailey and Noel Vazquez were both named Group
Directors and Senior Vice Presidents, as part of a three-person
private client banking team, based at the Bank’s private client
banking office in its headquarters location in midtown Manhattan.
The team worked together for seven years at Citibank before joining
Signature Bank.
Vazquez-Kailey brings more than 25 years of banking-related
expertise to her new role. She was a Vice President, Citigold
Private Client Relationship Manager at her former employer, based
in midtown and spent seven years supporting multiple branches
throughout Manhattan and Brooklyn. She managed clients with a team
of specialists focused on serving high-net-worth professionals and
business owners, particularly those in the medical and dental
arenas. Previously, she was a Vice President, Private Banker at
Wells Fargo Bank in New York, with a similar emphasis on the
high-net-worth clients and business owners.
Vazquez, with 24 years of banking and investment experience,
spent the past six as Vice President, Citigold Private Client
Relationship Manager in Stamford, Conn. He was responsible for
developing high-net-worth client relationships and focused on
serving business owners and corporate executives. Prior to joining
Citibank, he was Vice President, Private Banker at JP Morgan Wealth
Management in New York City and Vice President, Relationship
Manager at Wells Fargo, where he also served high-net-worth
relationships.
Also joining the team is Milagros Rodriguez who was named Senior
Client Associate. Rodriguez spent her entire 19-year banking career
at Citibank in midtown Manhattan. Most recently, she was an Account
Specialist supporting 40 Citigold Private Client Relationship
Managers across the nation, including Vazquez-Kailey and
Vazquez.
Jay Young and Ling Li, both named Group Director and Senior Vice
President, are part of a three-person team from the Bank’s private
client banking office at 261 Madison Avenue in New York City. The
two have known each other for nearly 10 years while working at the
same banks throughout their careers.
Young, with 15 years of banking experience, was a Vice President
and Senior Mid-Corporate Relationship Manager at HSBC on Long
Island, focused on attracting new commercial clients and earlier
spent five years at Capital One Bank in New York City as a Senior
Business Banking Manager, managing a portfolio of commercial
clients. He also held this role prior at JPMorgan Chase, in New
York City, with similar responsibilities in that same sector.
Most recently, Li, with more than a decade of business banking
experience, served as Vice President and Senior Business Banker at
Capital One Bank in Midtown Manhattan for more than five years,
where she specialized in managing commercial clients in the real
estate management, legal, medical, non-profits, ecommerce and
retail sectors. She also was a Vice President and Senior Business
Relationship Manager at HSBC, managing top-tier business
relationships and Assistant Vice President and Business Banker at
JPMorgan Chase.
Joining Young and Li’s team is Janet Bal as Senior Client
Associate, from HSBC where she was a Relationship Associate
supporting a team of five relationship managers. With 25 years in
banking, Bal began her career at Republic National Bank, which
later was acquired by HSBC, where she worked with Young.
Another team was named to the Woodmere private client banking
office, headed by Naor Boxer, Group Director and Senior Vice
President and Lisa Murphy and Michael Weinberg, both Group
Directors and Vice Presidents. The team worked together for the
past five years at Citibank.
Boxer, having spent a decade in banking, was most recently a
Citigold Relationship Manager. In this capacity, he oversaw a book
of business consisting primarily of high-net-worth clients and
commercial clients. He originally joined Citibank as personal
banker and was promoted to Citigold Relationship Manager within
several years.
Murphy spent nearly eight years at Citibank as Citigold
Relationship Manager in both Midtown Manhattan and Long Island,
mainly concentrating on catering to high-net worth clients. With 11
years in banking, she previously was a Financial Specialist at
Wells Fargo.
Weinberg brings 19 years of financial services-related expertise
to the Bank. Before joining the Bank, he was a Citigold
Relationship Manager in Long Beach, Long Island for six years,
during which time he managed a book of high-net-worth and business
clients. Previously, he was a Financial Advisor and Private Banker
at UBS USA and Vice President and Senior Premier relationship
Manager at HSBC. His earlier experience spans financial advisor
roles at Fidelity Investments and Morgan Stanley.
“The appointment of these three veteran banking teams clearly
demonstrates our ability to attract talented banking professionals
who prefer Signature Bank’s distinctive single-point-of-contact
model. This approach affords them the opportunity to cater to their
clients effectively. Since the start of the year, eight new teams
have joined our institution, which is evidence of the solid
reputation Signature Bank has built as well as the significant
market opportunity that remains,” noted Joseph J. DePaolo,
President and Chief Executive Officer at Signature Bank.
“We welcome all these highly experienced bankers and teams to
our growing network, and look forward to their contributions,”
DePaolo added.
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/20181003005145/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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