Signature Bank Related Content

Signature Bank Chicago Named to the 2024 Inc. 5000 List of the Fastest Growing Companies in America

Signature Bank Chicago, an independently owned commercial bank, ranked on the 2024 Inc. 5000 list of fastest growing companies in America. read more

2024 Monitor 100: Banks Pull Back From Equipment Finance

For the first time since GE Capital departed the Monitor 100 ranking, the No. 1 company in net assets and new business volume is not a bank. Nearly 60% of U.S. bank affiliates reduced their new business volume in 2023 marking the end of an equipment finance era.... read more

Underscoring Long-Term Value: 7 Tips To Defend The Bank-Based Equipment Finance Business Line

Many banks have pulled back from equipment finance over the last 18 months and this trend doesn’t show signs of stopping. Rick Remiker outlines seven methods to defend a bank-based equipment finance division in this uncertain environment.... read more

Santander Begins Servicing $9B Real Estate Portfolio of Signature Bank, Names Marshall Head of Corporate & Middle-Market Banking

Santander Bank is now servicing 100% of the assets in a $9 billion portfolio of New York-based, multifamily real estate assets formerly owned by Signature Bank. In addition, the bank named Ellen Marshall head of corporate and middle-market banking. read more

Dime Community Bank Hires Deposit-Focused Groups from Former Signature Bank

Dime Community Bancshares, the parent company of Dime Community Bank, hired six deposit-focused groups from the former Signature Bank and its successor, Flagstar Bank. Collectively, the groups managed $7 billion in deposits at predecessor institutions. read more

What Does the Future Hold for Banks in Equipment Finance?

Rita Garwood

Banks have been steadily increasing their presence in equipment finance over the years via mergers and acquisitions and by hiring experienced leadership teams. When the Monitor 100 launched in 1992, U.S. bank affiliates contributed 17% of the ranking’s net assets.... read more

PNC Bank Acquires $16.6B in Capital Commitments Facilities of Signature Bridge Bank

PNC Bank acquired a portfolio of $16.6 billion in capital commitments facilities from Signature Bridge Bank through an agreement with the Federal Deposit Insurance Corporation as receiver. read more

Customers Bank Onboards Nearly 30-Member Former Signature Bank Venture Banking Team

Customers Bank completed the onboarding of a nearly 30-member venture banking team formerly employed by Signature Bank. The team will be integrated with Customers Bank’s existing teams. read more

FDIC Blames Signature Bank Failure on ‘Poor Management’

The Federal Deposit Insurance Corporation released an internal review evaluating its supervision of Signature Bank. According to the review, “the root cause of [Signature Bank’s] failure was poor management.” read more

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank. read more

FDIC Establishes Signature Bridge Bank as Successor to Closed Signature Bank

The New York State Department of Financial Services closed Signature Bank over the weekend and appointed the FDIC as receiver. The FDIC transferred all deposits and assets to a bridge bank that began operations on Monday. read more

Signature Bank Announces Leadership Transition Plans

Joseph J. DePaolo, president and CEO of Signature Bank, plans to transition into a senior advisor role during 2023. Eric R. Howell will succeed DePaolo as president, effective March 1, and eventually succeed as CEO once DePaolo gradually completes his transition. read more

Signature Bank Expands into Nevada & Appoints New Leadership for West Coast Location

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. read more

Signature Bank Supports the Task Force on Climate-Related Financial Disclosures

Signature Bank became an official supporter of the Task Force on Climate-Related Financial Disclosures (TCFD). Established in 2015 by the Financial Stability Board, the TCFD has developed a framework to help public companies and other organizations disclose climate-related risks and opportunities. read more

Signature Bank Launches Healthcare Banking and Finance Business Line

Signature Bank launched a new business line with the appointment of a nine-person healthcare banking and finance team. Matthew T. Huber will lead the new business and team as senior vice president and managing group director. read more

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