Signature Bank (Nasdaq:SBNY), a New York-based full-service
commercial bank, announced today the appointment of two private
client banking teams. A private client banking team focused on
commercial and residential mortgage servicers, amongst other
related companies, was established while the fifth team in San
Francisco was appointed.
Kathy Kanno-Wood was named Managing Group Director and Senior
Vice President, based in San Francisco. She will lead an
eight-person team, strategically located throughout the country,
many of whom have worked together for 17+ years. Together, they
will provide cash and treasury management products and services
related to residential and commercial mortgage servicers and
originators as well as lender-controlled structures, commercial
real estate owners/operators, hedge funds and private equity
firms.
Kanno-Wood, with a banking career spanning 30 years, joins from
Wells Fargo in San Francisco, where she spent 25 years. Most
recently, Kanno-Wood served as Managing Director and Head of
Specialized Cash Management, building and leading a team of 70 in
the cash management arena for Wells Fargo’s wholesale bank. She
began in this capacity in 2002, with a team of two, growing the
book of business to a portfolio valued in billions.
Mabel Cahill, Janett Parsons, Jake Shedden, Matthew Jones,
Michael Farrell and Jill Selden were each named to the post of
Group Director and Senior Vice President on Kanno-Wood's team while
Beverly Horton was appointed Associate Group Director and Vice
President.
Cahill, based in New York, will be responsible for evaluating
and servicing clients’ treasury management needs. With 25 years of
banking experience, Cahill was a Treasury Management Sales
Consultant at her former institution in New York City for 16 years.
In this role, she handled sales of treasury and cash products for
commercial and residential mortgage servicers, originators,
owners/operators, hedge funds, private equity and title
companies.
Parsons will be dedicated to business development and
relationship management in her new role. She spent 12 years of her
30+-year banking career at Wells Fargo in Austin. Her most recent
role was Senior Relationship Manager and Director, in which she was
responsible for the development and retention of a national
residential loan servicer and originator platform. Parsons served
as a Relationship Manager, Vice President at JPMorgan Chase in
Houston for 18 years, managing a customer base which included
residential loan servicers and originators.
Shedden, based in Charlotte, N.C., will focus on cash management
sales to commercial and residential mortgage lenders and servicers
and REITs as well as structured cash management deals. He spent
nine of his 22 years in banking at Wells Fargo in Charlotte as a
Director and Team Lead, managing the East Coast team of
relationship managers who specialized in cash management. Prior, he
served in various commercial mortgage servicing and asset
management-related positions for Grandbridge Real Estate Capital,
Wachovia and First Union.
Jones will work from North Wilkesboro, N.C. and New York City,
developing and expanding relationships with commercial and
residential mortgage lenders and servicers, REITs, private-equity
firms, insurance companies, asset managers, property managers and
owner/operators. Previously, at Wells Fargo in Charlotte, he was a
Senior Relationship Manager, Vice President, Business Development
and Cash for the past four years, catering to a similar audience.
His entire 19-year financial services career was spent at Wells
Fargo in Charlotte.
Farrell also will be based in both Charlotte and New York City.
He brings 15+ years of banking experience to his new role, three of
which were spent at Wells Fargo in Charlotte, where he was most
recently Vice President, Relationship Management. At Signature
Bank, Farrell will be focused on the delivery of customized and
complex cash management account service and products to wholesale
banking commercial and residential mortgage servicers as well as
commercial and residential mortgage originators, among other key
constituents in the real estate arena. Earlier, he spent eight
years at Berkadia Commercial Mortgage LLC, a division of Capmark
Finance, Inc., as a Financial Analyst in the cash management loan
area.
Selden will be based in San Francisco, alongside Kanno-Wood, and
will oversee relationships for the new team. Previously, she was
Vice President, Relationship Manager for Wells Fargo overseeing
business development and managing a portfolio of special servicers,
sub-servicers and commercial mortgage originators. Selden also was
a Branch Manager at Bank of Marin and Senior Relationship Manager
at Union Bank during her 11-year career.
As Associate Group Director for the team, Horton, based in Katy,
Texas, will be responsible for managing, onboarding and
implementation of new client relationships. Prior, at Wells Fargo
in Houston, she was a Client Manager, Assistant Vice President in
the cash management area, working closely with Kanno-Wood and
Parsons. Horton’s banking experience spans four decades, including
28 years as a Client Manager and Assistant Vice President at
JPMorgan Chase.
The newly appointed three-person San Francisco team who has
worked together for several years is headed by Rosie Mora, named
Group Director and Senior Vice President. Mora, with 15 years of
banking-related experience, joins from Citibank, N.A. in San
Francisco, where she served as Vice President and Business
Relationship Manager, overseeing the financial needs of mid-sized
companies across various industries. Earlier, she was Vice
President and Business Relationship Manager for JPMorgan Chase in
San Francisco, managing a commercial high-net worth portfolio, and
prior, was Vice President, Branch Manager-New Build Wholesale for
the same institution.
Joining Mora is Darlene Neel, Associate Group Director and Vice
President, and Lionel Cortez, Senior Client Associate. In her new
position, Neel will focus on providing highly personalized service
to commercial clients across a range of industries. She spent her
entire 28-year banking career at Citibank in San Francisco. Most
recently, she was Branch Manager, Vice President for the
institution’s California Street branch, overseeing all operations
for that location.
Cortez, with 13 years in banking, will support all aspects of
onboarding and client servicing for the team. He joins from Bank of
America in San Francisco, where he served as Financial Center
Operations Manager for the branch.
“Signature Bank continues to identify the right teams as well as
the right business lines on which to focus. Kathy and her team
developed a strong expertise in the mortgage servicing banking
arena, which will complement and expand the Bank’s efforts to
increase deposits. This is a key market opportunity for us, and we
welcome Kathy and her team of experienced professionals,” said
Joseph J. DePaolo, President and Chief Executive Officer.
“Furthermore, we continue to emphasize the growth of our West
Coast operations. Rosie’s team is the fifth one to join there, and
we will be adding more veteran banking professionals when
appropriate. The appointments of both Kathy’s and Rosie’s teams
represent talent drawn from various financial institutions,
demonstrating yet again our ability to attract professionals from
across the banking landscape. Signature Bank has established a
reputation as a preferred institution for experienced bankers,
based on our track record of catering to privately held businesses.
We congratulate these professionals and look forward to the
contributions they will make in their new positions with Signature
Bank,” DePaolo concluded.
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/20190709005124/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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