Signature Bank commercial banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products. The company also offers loan products comprising commercial and industrial loans; real estate loans; temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as asset-based lending, pay check protection loans, main street lending program loans, and credit card accounts. In addition, it provides investment, brokerage, and asset management products and services; retirement products, such as individual retirement accounts and administrative services for retirement vehicles, which include pension, profit sharing, and 401(k) plans to its clients, as well as business retirement accounts; and equipment, transportation, taxi medallion, commercial marine, and municipal and national franchise financing services. Further, the company offers wealth management services to high net worth personal clients; and a range of individual and group insurance products that comprise health, life, disability, and long-term care insurance products as an agent. Additionally, it purchases, securitizes, and sells guaranteed portions of the U.S. small business administration loans. As of December 31, 2020, the company operated 36 private client offices located in the New York metropolitan area, including Connecticut, and in California and North Carolina. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.
IPO Year: 2004
Exchange: NASDAQ
Website: signatureny.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/18/2023 | $145.00 | Overweight → Equal-Weight | Stephens |
| 1/9/2023 | Buy → Hold | Jefferies | |
| 12/7/2022 | Strong Buy → Mkt Perform | Raymond James | |
| 12/5/2022 | $223.00 → $152.00 | Overweight → Equal-Weight | Morgan Stanley |
| 10/19/2022 | $185.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 7/18/2022 | $285.00 → $256.00 | Buy | Deutsche Bank |
| 2/10/2022 | $440.00 → $445.00 | Strong Buy | Raymond James |
| 1/20/2022 | $475.00 → $508.00 | Overweight | Morgan Stanley |
| 1/19/2022 | $400.00 → $440.00 | Overweight | JP Morgan |
| 1/19/2022 | $387.00 → $429.00 | Buy | Goldman Sachs |
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American banks are grappling with a staggering $650 billion in unrealized losses on their bond investments — but there could be a way out. What Happened: The losses resulted from banks pouring trillions into low-yield Treasury bonds before the Federal Reserve's rate hikes. With the surge in interest rates, the value of these bonds has taken a nosedive, putting the banks in a precarious position. According to a report by Insider, the earlier failures of banks such as Silicon Valley Bank, First Republic Bank (NYSE:FRC), and Signature Bank (NASDAQ:SBNY) were partly due to the diminishing value of their bond holdings. Tracing back to the pandemic's onset, many banks received an influx of c
PNC Financial Services Group Inc's (NYSE:PNC) PNC Bank disclosed buying a portfolio of select capital commitments facilities worth $16.6 billion from Signature Bridge Bank, N.A. The transaction was made through an agreement with the Federal Deposit Insurance Corporation (FDIC) as Receiver. The portfolio acquisition, which includes funded loans of $9 billion, will be financed with cash on hand. The transaction is expected to be immediately accretive to PNC's earnings, representing an EPS of $0.10 in Q4 2023. The deal will not materially impact PNC's total assets, capital ratios, or tangible book value per share. The bank will provide additional information on the transaction in the Q3
Flushing Financial Corporation (the "Company") (NASDAQ:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today that it has acquired a commercial real estate lending team from the former Signature Bank. Frank Korzekwinski, Chief of Real Estate Lending, stated "We are pleased to welcome Chris Penino, Christy Archer, and Kim Carson to our high-quality Commercial Real Estate Lending group. We are confident that they will assimilate quickly into the Flushing Bank culture and will attract and develop full-banking relationships from their existing and prior client rosters." John R. Buran President and CEO, stated, "The recent market disruptions have presented an opport
During an interview in Paris this week, Treasury Secretary Janet Yellen said that an increase in interest rates and recent banking instability are likely to prompt more banks to pursue mergers this year, while adding that the rising costs of retaining depositors are contributing to this trend. According to Yellen, several smaller banks noted that they are paying more on savings accounts after the Federal Reserve began raising rates quickly last year. That trend has continued following the collapses of Silicon Valley Bank and Signature Bank (OTC:SBNY) in March, reported the Wall Street Journal. During the interview, Yellen said that paying higher rates for deposits is now denting those ban
24 Exchange, a trading platform that secured $14 million in funding in late 2021, which included support from Point72 Ventures led by Steve Cohen, has decided to discontinue its spot cryptocurrency product. This comes as global regulators intensify their scrutiny of cryptocurrencies. The Bermuda-based exchange, which was founded in 2018 and commenced operations in 2019, initially enjoyed robust support for its crypto trading product. However, the company’s Chief Executive Officer Dmitri Galinov told Bloomberg that there was a decline in interest and demand following the collapse of FTX (CRYPTO: FTT) and crypto-affiliated entities such as Signature Bank (OTC:SBNY) and Silvergate Capital Co
Remember when New York-based Signature Bank (OTCPK: SBNY) became the third financial institution to collapse following the demise of Silicon Valley Bank and Silvergate Capital Corp? This led to some unexpected, if ironic, consequences...the federal government was funding the marijuana industry. What Happened Shortly after Signature Bank collapsed partly due to its investment in cryptocurrency, the Federal Deposit Insurance Corporation (FDIC) transferred all of Signature's deposits and assets to Signature Bridge Bank, N.A., a full-service bank the agency operates as it markets the institution to potential bidders. A bridge bank structure is designed to "bridge" the gap until the FDIC ca
Jamie Dimon, the CEO and chairman of JPMorgan Chase & Co (NYSE:JPM), expressed concern about the impact of potential Federal Reserve overregulation on American banks. His remarks come in the wake of several significant banking failures this year, including Signature Bank (OTC:SBNY), Silvergate Capital Corp.'s (NYSE:SI) Silicon Valley Bank and First Republic Bank (OTC:FRCB), which was bought by JPMorgan Chase on May 1. In an interview with Bloomberg, Dimon pointedly criticized the approach to supervision in the sector, suggesting the key players to hold accountable for these failures are the chief executives and board members of these institutions, rather than focusing solely on compliance
Three of the largest five banking failures have happened in 2023, and more failures may be lurking. The structural problems that caused First Republic Bank (FRC), Signature Bank (OTC:SBNY), and Silicon Valley Bank (OTC:SIVBQ) to fail remain: the Federal Reserve’s interest rate policy is still pressuring valuation in banks’ held-to-maturity portfolios, high Treasury yields still mean there’s a more meaningful alternative to stocks than there’s been in years, and credit quality remains at risk, with delinquency and default rates rising. While it may be tempting to step into weakness hoping to time it correctly, that's may be a risky bet. It seems that the sharp rebound in KRE and KBE on Frida
The recent failures of Silicon Valley Bank, Signature Bank (OTC:SBNY), and First Republic (NYSE:FRC) and the poor performance of other regional banks serve as a reminder of the underappreciated risks of investing in bank stocks. It’s not just the inherent banking risks that should make investors selective in buying bank stocks. The historical relative performance of bank stocks should also cause consternation for investors. Key Takeaways Fractional reserve banking allows banks, not the Fed or government, to create money. Banks typically only have an approximate 10% equity cushion supporting their assets. Such leverage creates bankruptcy risk if banks are not hedged properly for interes
-Reuters
Stephens downgraded Signature Bank from Overweight to Equal-Weight and set a new price target of $145.00
Jefferies downgraded Signature Bank from Buy to Hold
Raymond James downgraded Signature Bank from Strong Buy to Mkt Perform
Morgan Stanley downgraded Signature Bank from Overweight to Equal-Weight and set a new price target of $152.00 from $223.00 previously
Keefe Bruyette downgraded Signature Bank from Outperform to Mkt Perform and set a new price target of $185.00
Deutsche Bank resumed coverage of Signature Bank with a rating of Buy and set a new price target of $256.00 from $285.00 previously
Raymond James reiterated coverage of Signature Bank with a rating of Strong Buy and set a new price target of $445.00 from $440.00 previously
Morgan Stanley reiterated coverage of Signature Bank with a rating of Overweight and set a new price target of $508.00 from $475.00 previously
JP Morgan reiterated coverage of Signature Bank with a rating of Overweight and set a new price target of $440.00 from $400.00 previously
Goldman Sachs reiterated coverage of Signature Bank with a rating of Buy and set a new price target of $429.00 from $387.00 previously
Signature Bank Announces Buyback of Common Shares Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial bank, announced today updated financial figures as of March 8, 2023 and reiterated its strong, well-diversified financial position and limited digital-asset related deposit balances in the wake of industry developments. To this end, Signature Bank has: A proven, stable commercial banking business model with in excess of $100 billion in well-diversified assets across nine national business lines and nearly 130 commercial banking teams spanning its metropolitan New York area and West Coast footprint; A diversified deposit mix, with more than 80 percent of deposits co
Net Income for the 2022 Fourth Quarter Was $300.8 Million, or $4.65 Diluted Earnings Per Share, Versus $272.0 Million, or $4.34 Diluted Earnings Per Share, Reported in the 2021 Fourth Quarter. Pre-Tax, Pre-Provision Earnings for the 2022 Fourth Quarter Were $450.6 Million, an Increase of $65.2 Million, or 16.9 Percent, Compared with $385.4 Million for the 2021 Fourth Quarter Net Income for 2022 Was a Record $1.34 Billion, or $20.76 Diluted Earnings Per Share, Compared with $918.4 Million or $15.03 Diluted Earnings Per Share in 2021. Pre-Tax, Pre-Provision Earnings for 2022 Were a Record $1.83 Billion, an Increase of $536.4 Million, or 41.3 Percent, Compared with $1.30 Billion for 2021
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 2022 fourth quarter and year ended December 31, 2022 on Tuesday, January 17, 2023 at 8:00 AM ET. Signature Bank's financial results will be released prior to the conference call on Tuesday, January 17, 2023. President and Chief Executive Officer Joseph J. DePaolo, Senior Executive Vice President and Chief Operating Officer Eric R. Howell and Senior Vice President and Chief Financial Officer Stephen Wyremski will host the conference call. All U.S. participants should dial 800-274-8461 and international callers should dial 203-518-
Net Income for the 2022 Third Quarter Increased $117.0 Million, or 48.5 Percent, to a Record $358.5 Million, or $5.57 Diluted Earnings Per Share, Versus $241.4 Million, or $3.88 Diluted Earnings Per Share, Reported in the 2021 Third Quarter. Pre-Tax, Pre-Provision Earnings for the 2022 Third Quarter Were a Record $492.3 Million, an Increase of $161.3 Million, or 48.7 Percent, Compared with $331.0 Million for the 2021 Third Quarter Return on Common Equity Reaches a Record 18.4 Percent for the 2022 Third Quarter Total Deposits in the Third Quarter Declined $1.34 Billion to $102.78 Billion. The Decline Was Primarily Driven by the Digital Asset Banking Team, Which Declined $3.0 Billion.
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 2022 third quarter ended September 30, 2022 on Tuesday, October 18, 2022 at 9:00 AM ET. Signature Bank's financial results will be released prior to market open on Tuesday, October 18, 2022. President and Chief Executive Officer Joseph J. DePaolo, Senior Executive Vice President and Chief Operating Officer Eric R. Howell and Senior Vice President and Chief Financial Officer Stephen Wyremski will host the conference call. All U.S. participants should dial 800-225-9448 and international callers should dial 203-518-9708 at least ten
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 2022 second quarter ended June 30, 2022 on Tuesday, July 19, 2022 at 9:00 AM ET. Signature Bank's financial results will be released prior to market open on Tuesday, July 19, 2022. President and Chief Executive Officer Joseph J. DePaolo, Senior Executive Vice President and Chief Operating Officer Eric R. Howell and Senior Vice President and Chief Financial Officer Stephen Wyremski will host the conference call. All U.S. participants should dial 866-342-8591 and international callers should dial 203-518-9713 at least ten minutes p
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 2022 first quarter ended March 31, 2022 on Tuesday, April 19, 2022 at 9:00 AM ET. Signature Bank's financial results will be released prior to market open on Tuesday, April 19, 2022. President and Chief Executive Officer Joseph J. DePaolo, Senior Executive Vice President and Chief Operating Officer Eric R. Howell and Senior Vice President and Chief Financial Officer Stephen Wyremski will host the conference call. All U.S. participants should dial 866-342-8591 and international callers should dial 203-518-9713 at least ten minutes
Net Income for the 2021 Fourth Quarter Was A Record $272.0 Million, or $4.34 Diluted Earnings Per Share, Versus $173.0 Million, or $3.26 Diluted Earnings Per Share, Reported in the 2020 Fourth Quarter. Pre-Tax, Pre-Provision Earnings for the 2021 Fourth Quarter Were $385.4 Million, an Increase of $123.9 Million, or 47.4 Percent, Compared with $261.5 Million for the 2020 Fourth Quarter Net Income for 2021 Was A Record $918.4 Million, or $15.03 Diluted Earnings Per Share, Compared with $528.4 Million or $9.96 Diluted Earnings Per Share in 2020. Pre-Tax, Pre-Provision Earnings for 2021 Were $1.30 Billion, an Increase of $317.5 Million, or 32.4 Percent, Compared with $980.3 Million for 2020
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 2021 fourth quarter and year ended December 31, 2021 on Tuesday, January 18, 2022 at 9:00 AM ET. Signature Bank's financial results will be released prior to market open on Tuesday, January 18, 2022. President and Chief Executive Officer Joseph J. DePaolo and Senior Executive Vice President and Chief Operating Officer Eric R. Howell will host the conference call. All U.S. participants should dial 866-518-6930 and international callers should dial 203-518-9797 at least ten minutes prior to the start of the call and reference confe
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 2021 third quarter ended September 30, 2021 on Tuesday, October 19, 2021 at 9:00 AM ET. Signature Bank's financial results will be released prior to market open on Tuesday, October 19, 2021. President and Chief Executive Officer Joseph J. DePaolo and Senior Executive Vice President and Chief Operating Officer Eric R. Howell will host the conference call. All U.S. participants should dial 866-342-8591 and international callers should dial 203-518-9713 at least ten minutes prior to the start of the call and reference conference ID
LOS ANGELES, May 15, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Signature Bank (OTC:SBNY) investors that a lawsuit filed on behalf of investors that purchased Signature Bank (OTC:SBNY) securities between March 2, 2023 and March 12, 2023, (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. According to the complaint, during the Class Period, the Defendants either prov
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, April 04, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Signature Bank (NASDAQ:SBNY) investors that a lawsuit filed on behalf of investors that purchased Signature Bank (NASDAQ:SBNY) securities between between March 2, 2023 and March 12, 2023, (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing clai
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 20, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Signature Bank (NASDAQ:SBNY) investors that a lawsuit filed on behalf of investors that purchased Signature Bank (NASDAQ:SBNY) securities between between March 2, 2023 and March 12, 2023, (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claim
NEW YORK, March 13, 2023 /PRNewswire/ -- Bunge Limited (NYSE:BG) will replace Signature Bank (NASD: SBNY) in the S&P 500 effective prior to the opening of trading on Wednesday, March 15. The Federal Deposit Insurance Corporation (FDIC) announced that it has taken Signature Bank into FDIC Receivership and therefore Signature Bank is no longer eligible for inclusion. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector March 15, 2023 S&P 500 Addition Bunge BG Consumer Staples S&P 500 Deletion Signature Bank SBNY Financials For more information about S&P Dow Jones In
NEW YORK, March 13, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market® (NASDAQ:NDAQ) announced that trading was halted on March 13, 2023 in Signature Bank (NASDAQ:SBNY) at 04:00:01 Eastern Time for "additional information requested" from the company at a last sale price of $70.00 (NASDAQ:SBNY) and $11.90 (NASDAQ:SBNYP). Trading will remain halted until Signature Bank has fully satisfied Nasdaq's request for additional information. For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotesSM on the Nasdaq® Web site. For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://ww
Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial bank, announced today the Bank's proxy materials for its 2023 Annual Meeting of Shareholders are now available and also can be viewed via the Internet. The meeting will also constitute a special meeting of Signature Bank's 5.000% Noncumulative Perpetual Series A Preferred Stock. The record date for determination of shareholders entitled to vote at the 2023 Meeting is February 28, 2023. A proxy statement with more information will be sent to shareholders of record along with a 2022 Annual Report. Both documents will be available for viewing through the investor relations section of Signature Bank's website at www.signat
Signature Bank Announces Buyback of Common Shares Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial bank, announced today updated financial figures as of March 8, 2023 and reiterated its strong, well-diversified financial position and limited digital-asset related deposit balances in the wake of industry developments. To this end, Signature Bank has: A proven, stable commercial banking business model with in excess of $100 billion in well-diversified assets across nine national business lines and nearly 130 commercial banking teams spanning its metropolitan New York area and West Coast footprint; A diversified deposit mix, with more than 80 percent of deposits co
Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial bank, announced today that it issued a mid-quarter financial update for its fiscal year 2023 first quarter. The mid-quarter financial update can be found in the investor relations section of the Bank's web site here. About Signature Bank Signature Bank, member FDIC, is a New York-based full-service commercial bank with 40 private client offices throughout the metropolitan New York area, as well as those in Connecticut, California, Nevada, and North Carolina. Through its single-point-of-contact approach, the Bank's private client banking teams primarily serve the needs of privately owned businesses, their owners, and
Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial bank, announced today the filing of its 2022 Form 10-K on March 1, 2023 for the fiscal year ended December 31, 2022. The Form 10-K can be found on the Signature Bank website here. About Signature Bank Signature Bank, member FDIC, is a New York-based full-service commercial bank with 40 private client offices throughout the metropolitan New York area, as well as those in Connecticut, California, Nevada, and North Carolina. Through its single-point-of-contact approach, the Bank's private client banking teams primarily serve the needs of privately owned businesses, their owners, and senior managers. The Bank has two who
Joseph J. DePaolo Plans Transition into Senior Advisor Position and Eric R. Howell to Assume the Role of President; Howell first joined Signature Bank at the time of its opening in 2001 Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial Bank announced today Co-founder, President and Chief Executive Officer Joseph J. DePaolo plans to transition into a senior advisor role during 2023. Chief Operating Officer Eric R. Howell will succeed DePaolo as President, effective March 1, 2023. DePaolo retains the Chief Executive Officer role and also will remain on the Bank's Board of Directors. In addition, Howell will continue serving as Chief Operating Officer and a member of the
Joseph J. DePaolo Plans Transition into Senior Advisor Position and Eric R. Howell to Assume the Role of President; Howell first joined Signature Bank at the time of its opening in 2001 Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial Bank announced today Co-founder, President and Chief Executive Officer Joseph J. DePaolo plans to transition into a senior advisor role during 2023. Chief Operating Officer Eric R. Howell will succeed DePaolo as President, effective March 1, 2023. DePaolo retains the Chief Executive Officer role and also will remain on the Bank's Board of Directors. In addition, Howell will continue serving as Chief Operating Officer and a member of the
Saidin brings over three decades of technology operations experience to Tassat Tassat Group Inc., the leading provider of real-time digital payments solutions for commercial banks and their corporate clients, today announced the appointment of Zain Saidin as Chief Operating Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230214005566/en/Zain Saidin, Chief Operating Officer at Tassat Group, Inc. (Photo: Business Wire) Saidin is a technology operations veteran, bringing over 30 years of technology integration, and strategic business development to Tassat. Prior to joining Tassat, Saidin served as the Chief Engineer and an
Further Expansion of West Coast Operations Brings Total California and Nevada Banking Teams to 35, Led by 56 Bankers Signature Bank (NASDAQ:SBNY), a New York-based full-service commercial bank, announced today further expansion of its West Coast presence with the appointment of veteran banking professionals and the opening of a new private client banking office in Reno, Nevada. Signature Bank is now home to 35 teams on the West Coast, led by 56 Group Directors from its eight offices. Also, 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 Banki
Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial bank, announced today the appointment of five private client banking teams throughout the metropolitan New York area as well as a group director assigned to an existing team. John Madigan was named Managing Group Director, leading a team of six, all of whom joined from Citibank. Madigan formerly was Managing Director for Long Island in the Emerging Corporates Group in Hauppauge, Long Island, N.Y., where he managed a large portfolio of business clients and a team of eight. He began his career there and went on to serve in various roles of increasing responsibility over three decades. Joining Madigan's team, based in Me
Private Client Banking Team Members, Resources and Systems Now in Place for Launch of New Business Line Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial bank, announced today the appointment of its Corporate Mortgage Finance (CMF) Group. The CMF group provides financing solutions for a range of mortgage-related collateral across Signature Bank's national footprint. The Signature Bank CMF Group is experienced in understanding the complexities of the mortgage origination, servicing and investment sectors and works with clients to structure commercial and residential mortgage-supported financing facilities to meet their strategic liquidity and balance sheet management n
Nine Seasoned Banking Professionals Comprise New Private Client Banking Team to Serve Healthcare Industry Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial bank, announced today the launch of a new business line with the appointment of a nine-person Healthcare Banking and Finance (HBF) team. The new private client banking team will provide lending services while garnering deposits to clients within the healthcare arena. Leading the new business and HBF team is Matthew T. Huber, recently named Senior Vice President and Managing Group Director. In this capacity, Huber will oversee all aspects of the HBF team, including managing the team's pipeline and banking activitie
"A Year Like No Other" Report Captures the True Essence of the Bank's Commitment to Colleagues, Clients and the Communities it Serves, Especially During a Most Challenging Year Signature Bank (NASDAQ:SBNY), a New York-based full-service commercial bank, announced the release of its 2020 Social Impact Report. The "A Year Like No Other" report reflects the Bank's initiatives relating to its overarching Social Impact Purpose Statement by highlighting its social impact efforts and explaining their importance, especially during a global pandemic. The report features a broad range of Bank programs and best practices, providing readers transparency and insight into the Bank's social impact commi
NEW YORK--(BUSINESS WIRE)--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 Vice President and Director of Human Resources, was also promoted to the post of Senior Vice President and Chief Human Resources Officer (CHRO). Concurrent with th