Signature Bank (Nasdaq: SBNY), a New York-based full-service
commercial bank, announced today that its management plans to
present at the upcoming Goldman Sachs US Financial Services
Conference 2019.
The conference, designed to showcase publicly traded financial
services companies for institutional investors, is scheduled for
Tuesday, December 10th - Wednesday, December 11th, 2019 at the
Conrad New York 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 will
present on Tuesday, December 10th at 4:10 p.m. local time. The
35-minute session includes questions and answers.
A web cast of Signature Bank’s presentation will be available on
December 10th, 2019 at the start time of the presentation, and can
be viewed by accessing
https://event.webcasts.com/starthere.jsp?ei=1273747&tp_key=79652de958&tp_special=8.
It will be archived for approximately 180 days.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global investment
banking, securities and investment management firm that provides a
wide range of financial services.
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
$49.41 billion in assets, $37.94 billion in loans, $39.06 billion
in deposits, $4.74 billion in equity capital and $3.51 billion in
other assets under management as of September 30, 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 number one in the Business
Bank, Private Bank and Attorney Escrow Services categories by the
New York Law Journal in the publication’s annual “Best of” survey
for 2019, 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 Business Bank, Private Banking
Services and Attorney Escrow Service 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191203005225/en/
Investor Contact: Eric R. Howell,
Executive Vice President – Corporate and Business Development
646-822-1402 ehowell@signatureny.com Media
Contact: Susan Turkell Lewis, 646-822-1825
slewis@signatureny.com
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