Bank Scores High in Reader Ranking Survey by Leading National Legal
NEW YORK--(BUSINESS WIRE)--
Bank (Nasdaq:SBNY), a New York-based full-service commercial bank,
announced today it was recently cited as one of the
nation's best private banking services providers in the 2017
Best of The National Law Journal rankings. The 2017 Best of The
National Law Journal is a reader survey of the top solutions
providers spanning many areas that nationally serve the legal industry.
Signature Bank ranked in the top three in this category for 2017.
The results stem from reader surveys The National Law Journal
presents directly to its subscriber base.
"Our client base consists of many types of commercial clients, including
professional services organizations of which law firms are a large part. The
National Law Journal reader ranking citing Signature Bank as a top
private banking services provider is a true testament to our abilities
to cater to these types of professional services organizations. The Bank
has consistently ranked high amongst lawyers as evidenced by the top
placement we also earned in The New York Law Journal across
similar categories. For the past three consecutive years (2014, 2015 and
2016), the Bank was voted Best Business Bank by The New York Law
Journal's dedicated readers. We appreciate our legal clients taking
time to recognize our emphasis on client care by voting for Signature
Bank, and value their continued loyalty," said Joseph J. DePaolo,
co-founder, president and chief executive officer at Signature Bank.
In addition to being named Best Business Bank by The
New York Law Journal (a sister publication of The National
Law Journal) in the publication's seventh
annual reader survey in September 2016, the Bank also ranked second
in the Best Private Bank and Best Attorney Escrow Services categories.
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 $39.05
billion in assets, $29.04 billion in loans, $31.86 billion in deposits,
$3.61 billion in equity capital and $3.35 billion in other assets under
management as of December 31, 2016. Signature Bank's Tier 1 and
risk-based capital ratios are significantly above the levels required to
be considered well capitalized.
Signature Bank ranked on Forbes'
Best Banks in America list for the seventh consecutive year in 2017
and was recently named Best Business Bank for the third consecutive year
by the New
York Law Journal in the publication's seventh
annual reader survey. The Bank also ranked second in the Best
Private Bank and Best Attorney Escrow Services categories in the
listing. Additionally, Signature Bank was cited among the top three of the
nation's best private banking services providers in the 2017
Best of The National Law Journal reader rankings. The Bank
was also named Best Commercial Bank of the Year - U.S. by International
Banker in their International
Banker 2017 North and South American Awards program.
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: http://www.businesswire.com/news/home/20170404005205/en/
R. Howell, 646-822-1402
Executive Vice President-Corporate &
Susan J. Lewis, 646-822-1825
Source: Signature Bank
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