Signature Bank Related Content

Signature Adds Eight Financial Execs to Specialty Finance & ABL Groups

Signature Bank hired eight financial executives to join its Specialty Finance subsidiary and Asset-Based Lending business. read more

Signature Tops in Three Categories of NY Law Journal’s ‘Best Of’ Survey

Signature Bank was named Best Business Bank, Best Private Bank and Best Attorney Escrow Services provider by the New York Law Journal in its ninth annual survey of the New York legal community. read more

Signature Expands San Francisco Banking Office

Signature Bank expanded its new San Francisco office with the addition of two private banking teams. Dale Zeigler and Sumiko Sheaffer were each named group director, SVP and will lead their own teams. read more

Signature Bank Receives Approval to Commence Operations in California

Signature Bank received approval from both the New York State Department of Financial Services and the FDIC to commence operations in California. read more

Signature Bank Q1/18 Performance Hurt by Taxi Medallion Losses

Signature Bank said Q1/18 net income of $34.5 million was down from $133.9 million for the same quarter a year earlier. The bank said the decrease was due to write-downs for the tax medallion portfolio. read more

Signature Appoints Veteran Bankers to Head West Coast Operations

Signature Bank appointed two veteran California-based banking executives to lead its new West Coast operations. read more

Signature Bank Back on Track after Taxi Medallion Episode

Signature Bank reported Q3/17 net income was $124.5 million versus $76.1 million in the same 2016 quarter, which included $61.7 million of provision expense for the Chicago taxi medallion portfolio. read more

Signature Bank Q2 Earnings Suffer on Taxi Medallion Loan Losses

Signature Bank reported Q2/17 net income was $14.0 million compared to $102.2 million in Q2/16. The bank noted the decline resulted from an increase of $154.3 million in loan losses nearly all attributable to the NYC taxi medallion portfolio. read more

Signature Financial Adds Four Sales Officers

Signature Financial added Mark Murray, Dave Walter and Jason Wright to its equipment leasing and lending business and Devin Steele to its franchise finance business line. read more

Signature Bank Adds Duxbury to Lending Team as SVP

Signature Bank hired former American Chartered Bank and MB Financial veteran David Duxbury as senior vice president of its commercial lending team. read more

Signature Named Best U.S. Commercial Bank of the Year

Signature Bank was named Best Commercial Bank of the Year in the U.S. in the International Banker 2017 North and South American awards. read more

Signature Named Best Business Bank by NYLJ for Third-Straight Year

Signature Bank was named Best Business Bank by the New York Law Journal in the publication’s seventh annual reader survey. It also ranked second in the Best Private Bank and Best Attorney Escrow Services categories. read more

Signature Q2 Earnings Up 13% Despite Taxi Medallion Loan Losses

Signature Bank announced Q2/16 net income of $102.2 million was up 13% from $90.5 million a year earlier. The bank noted a 270% increase in its provision charges primarily due to additional reserves for Chicago taxi medallion loans. read more

Signature Financial Hires Equipment Finance, ABL Specialists

Signature Financial has expanded both its specialty equipment finance subsidiary and its asset-based lending group. read more

Signature Bank Reports Record Q1 Earnings, Cites 30% Y/Y Loan Growth

Signature Bank reported Q1/16 earnings reached a record $104.0 million, up 24.8% from $83.4 million in the year earlier quarter. Signature noted since the end of Q1/15, loans have increased 29.8%, or 5.74 billion. read more

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