News & Videos - SIGNATURE BANK

Signature Bank (Nasdaq: SBNY), a New York-based full service commercial bank, announced today the completion of its underwritten public offering of 29.2 million depositary shares, each representing a 1/40th interest in a share of 5.000% Noncumulative Perpetual Series A Preferred Stock, at a public offering price of $25.00 per depositary share. The depositary shares sold in the offering included 1.2 million depositary shares sold pursuant to the underwriters’ option to purchase additional...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today expansion of its executive management team with the appointment of two executives. Lisa Bond was named to the newly created position of Senior Vice President and Chief Corporate Social Impact Officer, which encompasses Diversity & Inclusion (D&I) and Environmental, Social and Governance (ESG) initiatives, areas in which the Bank is expanding its efforts companywide. Ana Harris, Signature Bank Senior...

Signature Bank (Nasdaq: SBNY), a New York-based full service commercial bank, announced today the pricing of its underwritten public offering of 28 million depositary shares, each representing a 1/40th interest in a share of 5.000% Noncumulative Perpetual Series A Preferred Stock, at a public offering price of $25.00 per depositary share. The Bank has also granted the underwriters a 30-day option to purchase up to 2 million additional depositary shares. The Bank intends to use the proceeds from...

Signature Bank (Nasdaq: SBNY), a New York-based full service commercial bank, announced today an underwritten public offering of depositary shares, each representing a 1/40th interest in a share of Noncumulative Perpetual Series A Preferred Stock. The Bank will also grant to the underwriters a 30-day option to purchase additional depositary shares. The Bank intends to use the proceeds from the offering for general corporate purposes. Morgan Stanley & Co. LLC, BofA Securities, Inc., Keefe,...

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 Virtual Conference 2020. The virtual conference, designed to showcase publicly traded financial services companies for institutional investors, is scheduled for Tuesday, December 8 th - Wednesday, December 9 th , 2020. Signature Bank’s President and Chief Executive Officer Joseph J. DePaolo as well as Senior...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that its management will participate in the upcoming BofA Securities Future of Financials 2020 Virtual Conference. The virtual conference, designed to showcase publicly traded financial services companies for institutional investors, is scheduled for Monday, November 9 th - Tuesday, November 10 th , 2020. Signature Bank’s President and Chief Executive Officer Joseph J. DePaolo as well as Senior...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced results for its third quarter ended September 30, 2020. Net income for the 2020 third quarter was $138.6 million, or $2.62 diluted earnings per share, versus $148.1 million, or $2.74 diluted earnings per share, for the 2019 third quarter. The decrease in net income for the 2020 third quarter, versus the comparable quarter last year, is due to an increase in the provision for credit losses of $51.5...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that management will host a conference call to review results of its 2020 third quarter ended September 30, 2020 on Tuesday, October 20, 2020 at 10:00 AM ET. Signature Bank’s financial results will be released prior to market open on Tuesday, October 20, 2020. President and Chief Executive Officer Joseph J. DePaolo and Senior Executive Vice President - Corporate and Business Development Eric R. Howell...

Signature Bank (Nasdaq: SBNY), a New York-based full service commercial bank (the “Bank”), announced today the closing of its offering of $375 million aggregate principal amount of fixed-to-floating rate subordinated notes due 2030 (the “notes”). The notes bear interest at 4.00% per annum, payable semi-annually in arrears on each April 15 and October 15 commencing April 15, 2021 until October 15, 2025. On October 15, 2025 and thereafter, interest on the notes will accrue at three-month...

Signature Bank (Nasdaq: SBNY), a New York-based full service commercial bank (the “Bank”), announced today the pricing of $375 million aggregate principal amount of fixed-to-floating rate subordinated notes due 2030 (the “notes”). The notes will bear interest at 4.00% per annum, payable semi-annually in arrears on each April 15 and October 15 commencing April 15, 2021 until October 15, 2025. On October 15, 2025 and thereafter, interest on the notes will accrue at three-month AMERIBOR...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank (the “Bank”), announced today the commencing of its offering of fixed-to-floating rate subordinated notes due 2030 (the “notes”). The terms of the proposed offering are subject to market conditions. Proceeds from the sale of the notes will be used for general corporate purposes. The notes will be unsecured and subordinated obligations of the Bank and will rank junior in right of payment to the Bank’s...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today it placed #1 in three categories of the New York Law Journal’s “Best of” 11 th annual survey of the New York legal community. These include Business Bank, Private Bank and Business Escrow Services (formerly Attorney Escrow Services). The 2020 New York Law Journal ranking indicates the 11 th consecutive year where Signature Bank earned a top three position in one or more of these same categories....

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today a status update on loan deferrals within its $45.5 billion portfolio. The Bank is seeing positive trends as an increasing number of loans exit deferment. As of September 15, 2020, 69 percent of the first round of loan deferrals have returned to regular payment status. Principal and Interest (P&I) deferrals significantly decreased to $2.6 billion or 5.8 percent of the Bank’s total loan portfolio....

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced results for its second quarter ended June 30, 2020. Net income for the 2020 second quarter was $117.2 million, or $2.21 diluted earnings per share, versus $147.3 million, or $2.71 diluted earnings per share, for the 2019 second quarter. The decrease in net income for the 2020 second quarter, versus the comparable quarter last year, is due to an increase in the provision for credit losses of $87.6...

TMC Community Capital , a new nonprofit fintech lender focused on lending to women entrepreneurs in California, announced today the launch of its Small Business, Big Heart Grant Program , created to help small businesses navigate the economic fallout of COVID-19 and recent civil unrest. Under the $1 million grant program, TMC Community Capital, with support from Signature Bank (NASDAQ:SBNY) , a New York-based full-service commercial bank with operations throughout the West Coast, and its sister...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that management will host a conference call to review results of its 2020 second quarter ended June 30, 2020 on Tuesday, July 21, 2020 at 10:00 AM ET. Signature Bank’s financial results will be released prior to market open on Tuesday, July 21, 2020. President and Chief Executive Officer Joseph J. DePaolo and Executive Vice President - Corporate and Business Development Eric R. Howell will host the...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today its expansion efforts in the greater Los Angeles market, complementing its San Francisco operations. Judi Prejean, who will oversee the Bank’s West Coast growth and ongoing operations, was appointed to the post of Executive Director, West Coast Banking Operations, along with 45 professionals, spanning 15 private client banking teams. Total teams comprising Signature Bank’s West Coast Banking...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today the launch and integration of the full functionality of its proprietary, blockchain-based digital payments platform, Signet™ , with Fireblocks , an enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets. Signature Bank is the first bank to enable its commercial clients to access the Signet blockchain-based, real-time payments platform through the...

Mayor de Blasio announced today that Signature Bank (NASDAQ:SBNY), a New York-based full-service commercial bank, will donate $750,000 in funds to the Small Business Emergency Grant Program to further support small business owners who recently experienced damage to their storefronts during recent protests. This donation facilitated by Council Member Andrew Cohen, who connected Signature Bank with the City. This donation will allow the program to provide individual grants of up to $10,000 to...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced results for its first quarter ended March 31, 2020. Net income for the 2020 first quarter was $99.6 million, or $1.88 diluted earnings per share, versus $143.5 million, or $2.63 diluted earnings per share, for the 2019 first quarter. The decrease in net income for the 2020 first quarter, versus the comparable quarter last year, is due to an increase in the provision for credit losses of $60.5 million....