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

APR 9, 2024 - 6:52 am

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

February 27, 2024

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

OCT 4, 2023 - 6:40 am

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

JUL 11, 2023 - 7:06 am

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

MAY 1, 2023 - 7:12 am

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

MAR 20, 2023 - 7:22 am

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

MAR 14, 2023 - 7:14 am

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

FEB 16, 2023 - 7:19 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. read more

OCT 7, 2022 - 7:11 am

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

SEP 7, 2022 - 7:32 am

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

MAY 18, 2022 - 7:24 am

Signature Financial promoted Robert Campbell to senior vice president and managing director of operations and strategic development and Michael Ash to senior vice president and managing director of capital markets and regional originations. read more

JUL 27, 2021 - 6:12 am

Signature Financial, the specialty finance subsidiary of Signature Bank, launched two business lines: vendor industrial finance (VIF) and dealer lease and rental (DLR). Signature Financial chose Michael Mehosky to lead the VIF division and Michael Jones to lead the DLR platform. read more

MAY 11, 2021 - 6:27 am

Signature Bank made several management appointments, promotions and transitions as Mark Sigona, senior executive vice president and chief operating officer, and Peter Quinlan, executive vice president and treasurer, will retire, effective June 30. read more

APR 23, 2021 - 7:30 am

Signature Financial appointed seven professionals to equipment finance executive sales officer roles, bringing the total to 33 throughout the company’s U.S. footprint. Signature Financial also added two asset management officers in support of its growth initiatives. read more

APR 6, 2021 - 6:56 am