Leading NYC-based Institution brings Proven
Private Client Banking Model to San Francisco
Signature Bank (Nasdaq: SBNY), a New York-based full-service
commercial bank, announced today the official opening of its first
financial center on the West Coast. The new financial center is
located at 201 Mission Street in downtown San Francisco, which is
the heart of the city’s financial district.
Signature Bank’s new banking offices are home to three private
client banking teams. Each team is headed by banking veterans,
including Group Directors-Senior Vice Presidents Kelny Denebeim,
Sumiko Sheaffer and Dale Zeigler. Joe Petitti, Head of West Coast
Operations, is leading Signature Bank’s West Coast expansion while
John (Jack) Knight, Managing Director – Cash Management Operations,
oversees cash management products and services.
“For nearly 18 years, Signature Bank has been a leader in
commercial banking throughout the New York metropolitan area.
During this time, we built a strong and solid franchise, based on
providing clients stellar relationship-based banking services,
delivered by talented private client banking teams, equipped to
handle all their needs. We determined that San Francisco would be a
market ripe for our single-point-of contact model, based on the
local penetration of privately owned businesses including
not-for-profit organizations – our niche target market – as well as
mega bank market domination. Our differentiating service-oriented,
client-centric model is most successful amid these types of
business landscapes. We look forward to introducing our
single-point-of-contact approach to the community,” explained
President and Chief Executive Officer Joseph J. DePaolo.
The Bank will host a private reception this week in conjunction
with the official opening of its new financial center.
Signature Bank’s San Francisco private client banking office
provides a full suite of commercial banking products and services.
Bankers can be reached at (628) 218-2188 or
signatureSF@signatureNY.com.
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
$47.36 billion in assets, $36.42 billion in loans, $36.38 billion
in deposits, $4.41 billion in equity capital and $3.78 billion in
other assets under management as of December 31, 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; and, 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/20190225005320/en/
Investor Contact:Eric R. Howell,
Executive Vice President –Corporate and Business
Development646-822-1402, ehowell@signatureny.com
Media Contact:Susan J. Lewis,
646-822-1825, slewis@signatureny.com
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