NEW YORK--(BUSINESS WIRE)--Apr. 24, 2018--
Bank (Nasdaq: SBNY), a New York-based full-service commercial bank,
announced today the appointment of two private client banking teams,
taking the total number of teams in its network to more than 100.
Joseph Seibert was named to the post of Group Director and Senior Vice
President, leading a five-person team, along with Sarmen Saryan and
David D’Amico, who were each appointed Group Directors and Vice
Presidents. The team will be based at the Bank’s private client office
at 485 Madison Avenue, in New York City.
Seibert brings 20+ years of experience to his leadership role. Most
recently, he served as Vice President and Market Sales Manager at
Metropolitan Commercial Bank in Manhattan, where he worked with Saryan
and D’Amico. Prior, he was Vice President and Sales Manager at Valley
National Bank for eight years and Vice President and Banking Center
Manager at Bank of America for eight years. Seibert specializes in
serving companies engaged in digital asset banking and blockchain
Saryan, with 15 years of banking experience, formerly was a Vice
President and Relationship Manager at Metropolitan Commercial Bank for
five years, where he focused on building and maintaining client banking
relationships with venture capital and private equity firms, hedge
funds, real estate companies, broker-dealers and fin-tech entities.
Previously, he was a Relationship Manager at Santander Bank in Midtown
Manhattan and Citizens Bank on Long Island.
D’Amico was a Relationship Manager at his former institution, primarily
responsible for on-boarding and serving high-net-worth clients. His
specialty also lies in digital asset banking. With a 12-year banking
career that spans several commercial positions, previously, he was
Branch Manager at TD Bank in Midtown Manhattan and Chase Bank on New
York’s Lower East Side.
Also joining Seibert’s team is Theo Been as Senior Client Associate, who
previously worked with Seibert, Saryan and D’Amico. Most recently, Been
was a Customer Service Representative at Metropolitan Commercial Bank,
where he handled account on-boarding and key aspects of account
operations at the Park Avenue branch. Lance Bravin also joins the team
as Relationship Manager. He spent five years in various banking roles
including branch manager.
Signature Bank also added a team headed by newly appointed Group
Director and Senior Vice President Peter Clemente. His team will be
based at the Bank’s Garden City, Long Island private client banking
Clemente has 30 years of banking experience. Most recently, he served as
Senior Vice President, Group Head-Corporate Banking at Israel Discount
Bank (IDB) in Melville. In this capacity, Clemente was charged with
establishing the Long Island middle-market segment. He also was Vice
President and Team Leader for Business Banking at Flushing Bank,
directing that institution’s expansion into Long Island. Clemente spent
more than a decade at HSBC Bank USA, N.A. in the Mid-Hudson Valley,
Albany and New York City, in roles of increasing responsibility.
Joining Clemente is Maria Barone, Senior Client Associate. Barone, who
spent nearly two decades in banking, worked with Clemente at IDB in her
Assistant Vice President role. She focused on serving private clients
and providing business development support.
“We are entering 2018 with the appointment of two private client banking
teams who bring decades of talent and experience to Signature Bank. The
veteran bankers leading each of these teams have dedicated their careers
to commercial banking, and their expertise fits perfectly with our
model. They also have experience in areas relevant to the fast-changing
financial services landscape. As technology advances quickly throughout
our industry, we believe this will prove beneficial to our clients and
will also strengthen our abilities in continuing to meet their needs,”
said Joseph J. DePaolo, President and Chief Executive Officer at
“There is still enormous opportunity in the marketplace for Signature
Bank to attract seasoned bankers, and we continue to work diligently and
carefully to identify those whose experience will mesh well with our
model. Both teams are eager to provide client-centric services through
our single-point-of-contact structure, which sets the Bank apart not
only with clients, but also amongst highly competent banking
professionals like Joe, Peter and their team members. We welcome our new
teams to Signature Bank and look forward to their contributions,”
About Signature Bank
Signature Bank, member FDIC, is a New York-based full-service commercial
bank with 30
private client offices throughout the New York metropolitan area,
including those in Manhattan, Brooklyn, Westchester, Long Island,
Queens, the Bronx, Staten Island and Connecticut. The Bank’s growing
network of private client banking teams serves the needs of privately
owned businesses, their owners and senior managers.
Signature Bank offers a wide variety of business and personal banking
products and services. Its specialty finance subsidiary, Signature
Financial, LLC, provides equipment finance and leasing. Signature
Securities Group Corporation, a wholly owned Bank subsidiary, is a
licensed broker-dealer, investment adviser and member FINRA/SIPC,
offering investment, brokerage, asset management and insurance products
Since commencing operations in May 2001, the Bank has grown to $44.44
billion in assets, $33.25 billion in loans, $34.82 billion in deposits,
$4.00 billion in equity capital and $3.66 billion in other assets under
management as of March 31, 2018. Signature Bank's Tier 1 and risk-based
capital ratios are significantly above the levels required to be
considered well capitalized.
Signature Bank recently earned several third-party recognitions,
including: appeared on Forbes'
Best Banks in America list for the eighth consecutive year in 2018;
named Best Private Bank and Best Attorney Escrow Services provider and
among the top three Best Business Banks for the eighth consecutive year
by the New
York Law Journal in the publication’s annual
Best of reader survey; cited in the top three of the
nation's best private banking services providers in the The
National Law Journal Best of 2017 reader rankings; earned Best
Commercial Bank of the Year – U.S. award from International Banker in
Banker 2017 North and South American Awards program; received two
gold Stevie Awards® in The
15th Annual American Business Awards for 2017: Company of
the Year in both Banking and Financial Services-Large categories.
For more information, please visit www.signatureny.com.
This press release and oral statements made from time to time by our
representatives contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 that are subject
to risks and uncertainties. You should not place undue reliance on those
statements because they are subject to numerous risks and uncertainties
relating to our operations and business environment, all of which are
difficult to predict and may be beyond our control. Forward-looking
statements include information concerning our future results, interest
rates and the interest rate environment, loan and deposit growth, loan
performance, operations, new private client teams and other hires, new
office openings and business strategy. These statements often include
words such as "may," "believe," "expect," "anticipate," "intend,"
"potential," "opportunity," "could," "project," "seek," "should,"
"will," “would," "plan," "estimate" or other similar expressions. As you
consider forward-looking statements, you should understand that these
statements are not guarantees of performance or results. They involve
risks, uncertainties and assumptions that could cause actual results to
differ materially from those in the forward-looking statements and can
change as a result of many possible events or factors, not all of which
are known to us or in our control. These factors include but are not
limited to: (i) prevailing economic conditions; (ii) changes in interest
rates, loan demand, real estate values and competition, any of which can
materially affect origination levels and gain on sale results in our
business, as well as other aspects of our financial performance,
including earnings on interest-bearing assets; (iii) the level of
defaults, losses and prepayments on loans made by us, whether held in
portfolio or sold in the whole loan secondary markets, which can
materially affect charge-off levels and required credit loss reserve
levels; (iv) changes in monetary and fiscal policies of the U.S.
Government, including policies of the U.S. Treasury and the Board of
Governors of the Federal Reserve System; (v) changes in the banking and
other financial services regulatory environment and (vi) competition for
qualified personnel and desirable office locations. Although we believe
that these forward-looking statements are based on reasonable
assumptions, beliefs and expectations, if a change occurs or our
beliefs, assumptions and expectations were incorrect, our business,
financial condition, liquidity or results of operations may vary
materially from those expressed in our forward-looking statements.
Additional risks are described in our quarterly and annual reports filed
with the FDIC. You should keep in mind that any forward-looking
statements made by Signature Bank speak only as of the date on which
they were made. New risks and uncertainties come up from time to time,
and we cannot predict these events or how they may affect the Bank.
Signature Bank has no duty to, and does not intend to, update or revise
the forward-looking statements after the date on which they are made. In
light of these risks and uncertainties, you should keep in mind that any
forward-looking statement made in this release or elsewhere might not
reflect actual results.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180424005298/en/
Source: Signature Bank
R. Howell, 646-822-1402
Executive Vice President-Corporate and
Susan J. Lewis, 646-822-1825