NEW YORK--(BUSINESS WIRE)--Mar. 1, 2019--
Bank (Nasdaq: SBNY), a New York-based full-service commercial bank,
announced today it ranked second in the U.S. in three categories of the National
Law Journal’s eighth annual readers’ poll, wherein readers cast
their votes for the best providers of services and goods to the legal
profession. The categories include Best Business Bank, Best Private
Banking Services and Best Attorney Escrow Services.
Every year, the National Law Journalpolls the legal community
nationally on the best products and services for their law office
practices. From data technology products and banking services to
litigation support and alternative dispute resolution providers, National
Law Journal’s “Best of” survey showcases the businesses that stand
out among their competitors.
The rankings, which were revealed in the March 2019 edition of this
national legal trade publication, reflect the votes of nearly 7,000
attorneys and other legal professionals, who were presented an
opportunity to vote in more than 75 legal-related categories. The voting
process is purely democratic, and results represent the opinions of National
Law Journalreaders as well as members of the national legal
“Signature Bank continues to demonstrate its commitment to providing
unparalleled client care and service to local communities. Law firms
comprise a significant portion of our overall commercial client base of
privately owned businesses. We are honored to earn this prestigious
ranking nationwide, which comes on the heels of being named the
top bank in the same three categories of the 'Best of'survey by New
York Law Journal, a sister publication of the National Law Journal.
We appreciate that attorneys in New York and around the country took the
time to cast their votes for Signature Bank, and acknowledge our efforts
on behalf of their community,” said President and Chief Executive
Officer Joseph J. DePaolo.
The National Law Journal is a reliable news outlet for attorneys,
designed to keep the legal community nationwide abreast of industry
trends and developments. The publication is owned by ALM,
a global leader in specialized business news and information serving the
legal, real estate, consulting, insurance and investment advisory
About Signature Bank
Signature Bank, member FDIC, is a New York-based full-service commercial
bank with 31
private client offices throughout the New York metropolitan area and
Connecticut as well as San Francisco. The Bank’s growing network of
private client banking teams serves the needs of privately owned
businesses, their owners and senior managers.
Signature Bank’s 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 and
Signature Bank recently introduced its revolutionary, blockchain-based
digital payments platform, Signet™,
enabling real-time payments for its commercial clients. The Signet
Platform allows the Bank’s commercial clients to make payments in U.S.
dollars, 24/7/365, safely and securely, without transaction fees.
Signature Bank is the first FDIC-insured bank to launch a
blockchain-based digital payments platform, and Signet is the first such
platform to be approved for use by the NYS Department of Financial
Since commencing operations in May 2001, the Bank has grown to $47.36
billion in assets, $36.42 billion in loans, $36.38 billion in deposits,
$4.41 billion in equity capital and $3.78 billion in other assets under
management as of December 31, 2018. Signature Bank's Tier 1 and
risk-based capital ratios are significantly above the levels required to
be considered well capitalized.
Signature Bankis one of the top 40 largest banks in the U.S.,
based on deposits (S&P Global Market Intelligence). The Bank
recently earned several third-party recognitions, including: appeared on Forbes'
Best Banks in America list for the eighth consecutive year in 2018;
and, named Best Business Bank, Best Private Bank and Best Attorney
Escrow Services provider by the New
York Law Journal in the publication’s annual
“Best of” survey for 2018, earning it a place in the New York Law
Journal’s Hall of Fame (awarded to companies that have ranked in the
“Best of” Survey for at least three of the past four years).
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/20190301005033/en/
Source: Signature Bank
Executive Vice President – Corporate and Business
Susan J. Lewis