Eight Financial Executives Join the Bank’s
Specialty Lending Areas, Further Solidifying its Leadership
Position Across Key Disciplines
Signature Bank (Nasdaq: SBNY), a New York-based full-service
commercial bank, announced today the appointment of several
professionals joining both its Asset-based Lending (ABL) Group as
well as its wholly owned subsidiary, Signature Financial LLC.
Three professionals were named to the ABL Group, led by Group
Director and Senior Vice President Robert Love: Robert Abraham,
Vice President, New Business Development; Melissa Anchundia, Vice
President, Underwriting; and Michael Grande, New Business
Development, Transportation and Logistics.
Abraham, with 30 years of business development and lending
experience in the credit, risk management and lending areas of
banks, commercial services and accounting companies, joins from
Lakeland Bank, where he was Team Leader Asset-Based Lending –
Senior Vice President. In this capacity, he managed the ABL
Department, developing new business. Prior, he was First Vice
President for ABL at IDB Bank, where he managed a large ABL
portfolio.
Anchundia has spent 17 years in finance, most recently as Vice
President of Credit Administration at Bank Hapoalim, where she
provided credit and collateral oversight for all their lending
teams. Prior, she spent seven years at Wells Fargo Capital Finance,
most recently as Vice President and ABL Relationship Manager,
managing a portfolio comprised of middle market asset-based
transactions in consumer products and earlier, as Assistant Vice
President, Operations Analyst, designing and implementing strategic
system analysis.
Grande is a seasoned finance executive who specializes in
transportation and logistics finance. He spent the past 25 years
providing transportation companies credit facilities to fund
acquisitions, growth, working capital, equipment and turnaround
financing. Most recently, as Senior Vice President for Santander,
he helped the institution build an East Coast presence, providing
transportation-related credit facilities. Earlier, as Senior Vice
President for the Business Credit Services division of
CapitalSource Finance, LLC, Grande helped build a national
asset-based loan platform with a focus on transportation
intermediaries.
Concurrent with the ABL expansion, Signature Bank also grew its
specialty finance business unit, appointing five professionals to
the post of Vice President - Executive Sales Officer, including
Katherine Adams, Steve Brantley, Karle Armitage, Andrew Jones and
Anthony Zaccari. The new additions are strategically located in
various areas of the country and responsible for covering specific
geographic territories or business segment specialties. The
appointment of these professionals brings the total number of
Signature Financial’s direct sales team to 33 professionals
nationwide.
Adams is based in Hattiesburg, Miss. and has 22 years of
equipment finance experience. Prior, she was Vice President at The
First, a National Banking Association, also in Hattiesburg, where
she was responsible for operations. She also was First Vice
President at BancorpSouth Equipment Finance in Hattiesburg for 14
years. In her tenure, she worked in various other related roles,
including Director of Operations and Commercial Credit Officer.
Brantley, with 20 years of specialty finance experience, is also
based in Hattiesburg. Earlier, he was a Vice President and
Commercial Lender for The First, a National Banking Association, in
Hattiesburg, responsible for identifying and closing new equipment
loans. Previously, he spent 15 years as Vice President, Territory
Manager at BancorpSouth Equipment Finance (Hattiesburg). In
addition to his role as an equipment generalist, Brantley will also
source commercial marine opportunities in the Gulf Coast for
Signature Financial.
Armitage, with a 40-year career in finance, is based in Boise,
Idaho, and was a Territory Sales Manager at First Midwest Equipment
Finance (Boise) before joining Signature Financial, a position in
which he focused on construction loans. He spent 38 years at Wells
Fargo Equipment Finance in Boise, also in the construction lending
arena.
Jones, who was named Executive Sales Officer as well as Vice
President—Franchise Finance, is based in Stuart, Fla. In this
capacity, he will focus on new business development in the
franchise finance arena. He had served as Business Development
Officer and Vice President of Franchise Finance at PNC Bank in
Horsham, Pa., originating cash flow-based franchise loans to
multi-unit operators of franchised quick serve and fast casual
restaurants. Prior, he was Business Development Officer and Vice
President at United Capital Business Lending and brings 25 years of
franchise-related finance experience to Signature Financial.
Zaccari, with 15 years of finance-related expertise, most
recently spent 13 years at Caterpillar; for the past seven, he was
Corporate Account Manager for Caterpillar Financial, responsible
for serving its pipeline and energy infrastructure clients
throughout North America. Previously, he worked in the direct
lending group, FCC Equipment Finance, with responsibility for
Southern Texas and Louisiana. Zaccari is based in Cypress, Tex., a
Houston suburb, and will focus on the construction market
throughout southwestern Texas as well as clients with general
equipment finance needs.
“We are pleased to attract all these seasoned finance
professionals to the Bank, each of whom comes with a niche
expertise that will complement various areas of our diverse lending
businesses. With the hiring of these highly experienced specialty
banking professionals, the Bank is advancing its diversification
strategy and expanding its presence throughout the country. By
bolstering our ABL and specialty finance businesses, we are further
solidifying our market position in these key areas. We look forward
to contributions each of these professionals will make in their new
roles, and to their impact on these lending businesses,” said
Signature Bank President and Chief Executive Officer Joseph J.
DePaolo.
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 Financial, LLC, is a specialty finance subsidiary of
Signature Bank, dedicated to equipment finance and leasing,
transportation financing, franchise finance and commercial marine
finance. Signature Financial operates from 29 locations throughout
the country. 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/20181010005097/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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