Signature Bank Expands into Nevada & Appoints New Leadership for West Coast Location
OCT 7, 2022 - 7:11 am
Signature Bank, a New York-based commercial bank, expanded its West Coast presence with the appointment of Christopher Uboldi, Andrew Backstrom and Judi Prejean. The company also opened a new private client banking office in Reno, NV.
Signature Bank is now home to 35 teams on the West Coast, led by 56 group directors from its eight offices. The bank’s West Coast footprint includes representation from its subsidiary Signature Financial as well as from all its national banking practices, including the Fund Banking Division, the Venture Banking Group, the specialized mortgage banking solutions team and the SBA lending team. Signature Bank is also in the process of elevating operations and to this end, is establishing an operational center in California.
The bank named Christopher Uboldi as managing group director and senior vice president to lead efforts. Uboldi will direct and manage six private client teams and 25 banking professionals throughout Nevada and the greater Sacramento, CA. area. He will be based out of the bank’s new private client banking office located in Reno, NV. He joins with more than 15 years of banking experience.
Andrew Backstrom was named senior vice president and group director in Reno, NV where he will focus on increasing the bank’s local market presence through client expansion. Backstrom joins with more than 20 years of experience and has worked with Uboldi at their former employer.
“Since bringing our model from east to west, we have continued to demonstrate the success of our diversification strategy with our West Coast initiative being a key component of our growth plan. Our broad acceptance throughout both Northern and Southern California by bankers and clients alike, coupled with new significant interest in Nevada, is a real testament to our single-point-of-contact model and the expertise of our private client banking teams,” Joseph J. DePaolo, CEO of Signature Bank, said. “Clients throughout the West Coast are certainly noticing our commitment and capabilities and responding positively.”
“In just three years since putting our official stake in West Coast ground amid a global pandemic, Signature Bank continues to attract seasoned banking professionals and grow its market position,” Judi Prejean, executive director of west coast operations for Signature Bank, said. “Now, with approximately 240 colleagues extending between California and Nevada, the bank has fast become the bank of choice for these experienced banking professionals who are bringing their solid reputations and deep local expertise to our enterprise. We look forward to the contributions both Chris and Andrew will make in their new leadership roles.”
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