Company Website:
http://www.signatureny.com/
NEW YORK -- (Business Wire)
Signature
Bank (Nasdaq:SBNY), a New York-based full-service commercial bank,
announced today it was named Best Commercial Bank of the Year in the
United States in the International
Banker 2017 North and South American Awards.
The International Banker annual banking awards were established
to identify leading banking organizations that represent benchmarks of
achievement, corporate governance, technological development and client
service that help drive economic growth in the countries in which they
operate. The International Banker 2017 Banking Awards
distinguished those institutions that have excelled in providing
unparalleled service to their clients while also continuously
maintaining a high level of regulatory compliance. Signature Bank was
selected for this honor by a team of International Banker
journalists who served as the panel of judges. International Banker,
a publication catering to finance professionals, covers all areas of
banking and finance, including risk management, structured finance,
trading, company analysis, corporate social responsibility and
technology.
“This acknowledgement is indicative of the increasing leadership role
Signature Bank is occupying in the commercial banking arena, coupled
with our commitment to catering to our clients through our distinctive,
single-point-of-contact approach. While staying under the radar screen,
we have built a solid reputation amongst bankers and clients alike,
based on our team-based approach to meeting the needs of privately owned
businesses, their owners and senior managers. This has led to our
ability to achieve consistent, significant record-setting growth, and
subsequently, to the International Banker judges recognizing our
successes to date in their awards competition. We thank the publication
for acknowledging Signature Bank in this global program,” explained
Joseph J. DePaolo, co-founder, president and chief executive officer at
Signature Bank.
Winners of the global International Banker Banking Awards were announced
on March 6, 2017. More can be found by visiting https://internationalbanker.com/banking/international-banker-2017-north-south-american-awards-winners/.
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. The Bank’s growing
network of private client banking teams serves the needs of privately
owned businesses, their owners and senior managers.
Signature Bank offers a wide variety of business and personal banking
products and services. Its 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 $39.05
billion in assets, $29.04 billion in loans, $31.86 billion in deposits,
$3.61 billion in equity capital and $3.35 billion in other assets under
management as of December 31, 2016. Signature Bank's Tier 1 and
risk-based capital ratios are significantly above the levels required to
be considered well capitalized.
Signature Bank ranked on Forbes'
Best Banks in America list for the seventh consecutive year in 2017
and was recently named Best Business Bank for the third consecutive year
by the New
York Law Journal in the publication’s seventh
annual reader survey. The Bank also ranked second in the Best
Private Bank and Best Attorney Escrow Services categories in the listing.
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: http://www.businesswire.com/news/home/20170330005805/en/
Contacts:
Signature Bank
Investor Contact:
Eric
R. Howell, 646-822-1402
Executive Vice President-Corporate &
Business Development
ehowell@signatureny.com
or
Media
Contact:
Susan J. Lewis, 646-822-1825
slewis@signatureny.com
Source: Signature Bank
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