Both Teams Strengthen Bank’s National Presence
in their Respective Areas of Focus
Signature Bank (Nasdaq:SBNY), a New York-based full-service
commercial bank, announced today the expansion of both its
established Fund Banking Division as well as its recently formed
Venture Banking Group, with the appointment of several new banking
professionals.
Within the Fund Banking Division, Charlie Owens was named to the
position of Managing Director, based in Charlotte, N.C. In this
role, Owens, a 25-year banking veteran, will focus on sourcing,
originating and structuring new business opportunities in the
private equity industry. For the past seven years, Owens served as
Managing Director within Wells Fargo’s Subscription Finance Group,
responsible for origination and structuring fund financing
facilities, also located in Charlotte.
Concurrently, Brad Boland, with two decades of banking
experience, was also named Managing Director. He is based in the
Bank’s San Francisco private client banking office. Boland will
also focus on generating new opportunities within the private
equity industry, with an emphasis on the West Coast. Earlier, for
nearly eight years, Boland was Managing Director and Co-head of
Originations for Wells Fargo’s Subscription Finance Group,
responsible for developing and implementing origination strategy
and managing a team of six Charlotte-based originators.
Signature Bank’s newly launched Venture Banking Division added
ten senior-level team members throughout the country, most of whom
join from Square 1 Bank, a division of Pacific Western Bank. The
Venture Bank Group now totals 28 banking professionals
nationwide.
Jody Shepherd was named Managing Director, Technology. He will
manage the technology banking practice in the Rocky Mountain region
and will be based in Denver. Formerly, Shepherd spent more than
eight years at Square 1 in Denver, most recently serving as
Managing Director, Rocky Mountain.
Jeff Lampe, Managing Director, Technology in Chicago, will
oversee a 13-state region spanning the Midwest, focusing on venture
lending to regional and national venture capital entities. He held
the same title at Square 1 for three years prior to joining
Signature Bank. He brings an 18-year career in banking and venture
capital to his new role.
Also based in Chicago is Lisa Foussianes, appointed to the post
of Senior Vice President on the Life Sciences team. In this role,
she will handle loan originations and relationship management.
Previously, Foussianes, who has worked in banking for two decades,
was Senior Vice President on Square 1’s Life Sciences team, also in
Chicago, for six years.
Philip Korn was appointed to the role of Managing Director, Head
of Venture Capital Relationships for the Bay Area. Korn, with more
than 25 years of banking-related experience, held the same position
at Square 1, managing national venture capital relationships for
more than six years. Korn’s emphasis will be on increasing
visibility of the Group’s capabilities throughout the national
venture community by managing, growing and maintaining
relationships with venture capital investors nationwide.
Seong Kim was named Managing Director, Technology, based in Los
Angeles. He will be responsible for launching the Venture Banking
Group’s technology banking practice on the West Coast. In this
capacity, Kim will build out the team in Los Angeles as well as
handle new business development among high-growth technology
companies across several major innovation hubs, such as San Diego,
Los Angeles, the Bay Area and Seattle. Kim, with 15 years of
related experience, joins from Comerica Bank’s Technology and Life
Sciences Division, where he held roles of increasing
responsibility, most recently serving as Managing Director and Head
of the Mid-Atlantic and Southeast region.
Several banking professionals will join Signature Bank’s Venture
Banking Group in Durham, N.C.: Justin McDonie was named Managing
Director, Life Sciences; Michael Fulton was appointed Managing
Director, Venture Capital Services; and Zack Mansfield was named
Managing Director, Technology.
McDonie, with more than 13 years of experience in the life
sciences arena and several in banking, will concentrate on growing
the Venture Banking Group’s Life Sciences practice nationwide. He
will handle new loan originations as well as cultivate
relationships with venture capital investors and entrepreneurs
across life sciences verticals nationwide. He joins from Bridge
Bank, where he held the same title as that of his new role and was
a co-founder of its Life Sciences platform.
Fulton brings 14 years of banking experience to his new role, in
which he will focus on providing banking services to venture
capital firms. He previously served as Senior Vice President,
Equity Funds Group at Square 1 for nine years, where he held
similar responsibilities.
In his new position, Mansfield will work on new business
development and relationship building amongst high-growth
technology companies and the venture community throughout the
Southeast. He held the same position at his previous employer,
Square 1 Bank, since joining 12 years ago.
Appointed to the post of Managing Director, Technology in
Atlanta, Ned Hill will develop and manage the Group’s venture
banking business throughout Atlanta and the Southeast as well as
Texas. Prior to joining the Venture Banking Group at Signature
Bank, Hill was Managing Director, Technology Banking for Square 1,
also developing and managing the venture banking business for the
Southeast for approximately four years. Prior, Hill was Managing
Director at Mercury Fund, a Houston-based early-stage venture
capital firm.
Kevin Johnson, whose banking experience spans 15 years, was also
named Managing Director, Technology, as part of the newly formed
national Venture Banking Group. In his new role, Johnson, based in
Washington, D.C., will work closely with entrepreneurs by providing
debt and cash management solutions for technology companies
supported by venture capital. Formerly, Johnson was Managing
Director, Mid-Atlantic at Square 1, based in Chevy Chase, Md.,
where he led the team in the Mid-Atlantic region.
“The expansion of both our Fund Banking Division and Venture
Banking Group is demonstrative of the market opportunity we’ve
identified in each of these businesses. We believe the venture
capital and private equity arenas are rapidly growing sectors which
will prove beneficial to our growth -- ones where our
relationship-based model would bode well for the types of clients
we attract and serve. In keeping with our single-point-of-contact,
relationship-based approach, we identified top talent initially to
lead and grow these businesses. Under the leadership of Tom Byrne
in our Fund Banking Division and Ken Fugate for our Venture Banking
Group -- both proven professionals with significant growth track
records in their respective areas – we are swiftly establishing a
foothold in venture capital and private equity banking. We welcome
these new colleagues throughout the country and look forward to
their ongoing contributions to the Bank’s growth,” 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 31 private client offices throughout the New
York metropolitan area and Connecticut as well as 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.
Signature Bank recently introduced its revolutionary,
blockchain-based digital payments platform, Signet™, enabling
real-time payments for its commercial clients. The Signet Platform
allows the Bank’s commercial clients to make payments in U.S.
dollars, 24/7/365, safely and securely, without transaction fees.
Signature Bank is the first FDIC-insured bank to launch a
blockchain-based digital payments platform, and Signet is the first
such platform to be approved for use by the NYS Department of
Financial Services.
Since commencing operations in May 2001, the Bank has grown to
$48.55 billion in assets, $37.47 billion in loans, $36.62 billion
in deposits, $4.55 billion in equity capital and $3.58 billion in
other assets under management as of March 31, 2019. Signature
Bank's Tier 1 and risk-based capital ratios are significantly above
the levels required to be considered well capitalized.
Signature Bank is one of the top 40 largest banks in the U.S.,
based on deposits (S&P Global Market Intelligence). The Bank
recently earned several third-party recognitions, including:
appeared on Forbes' Best Banks in America list for the ninth
consecutive year in 2019; 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). The Bank also ranked second
nationally in the Best Business Bank, Best Private Bank and Best
Attorney Escrow Services categories of the National Law Journal’s
2019 “Best of” survey.
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/20190625005171/en/
Investor Contact: Eric R. Howell,
Executive Vice President-Corporate & Business Development
646-822-1402 ehowell@signatureny.com Media
Contact: Susan Turkell Lewis, 646-822-1825
slewis@signatureny.com
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