Signature Bank (Nasdaq: SBNY), a New York-based full-service
commercial bank, announced today that its management plans to
participate in the upcoming Bank of America Merrill Lynch 2018
Future of Financials Conference.
The conference, designed to showcase publicly traded financial
services companies for institutional investors, is scheduled for
Monday, November 5th - Tuesday, November 6th, 2018 at The St. Regis
Hotel in New York City.
Signature Bank’s President and Chief Executive Officer Joseph J.
DePaolo as well as Executive Vice President – Corporate and
Business Development Eric R. Howell are scheduled to participate in
an analyst-led fireside chat on Monday, November 5th, 2018 at 9:50
a.m. local time. Each participating company is scheduled for a
45-minute session, which includes questions and answers.
A web cast of Signature Bank’s presentation will be available on
November 5th, 2018 at the start time of the presentation, and can
be viewed by accessing
http://www.veracast.com/webcasts/baml/financials2018/id83103121018.cfm.
It will be archived for approximately 90 days.
About Bank of America
Bank of America is one of the world's leading financial
institutions, serving individual consumers, small and middle-market
businesses and large corporations with a full range of banking,
investing, asset management and other financial and risk management
products and services.
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
$45.87 billion in assets, $35.13 billion in loans, $36.09 billion
in deposits, $4.24 billion in equity capital and $3.66 billion in
other assets under management as of September 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181029005068/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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