NEW YORK--(BUSINESS WIRE)--
Bank (Nasdaq:SBNY), a New York-based full-service commercial bank,
announced today the appointment of a new four-person team, based out of
the Bank's private client office in White Plains, N.Y.
The team, led by Michael Maloney and Nick Mucilli, each of whom were
named Group Director and Senior Vice President, all join from Sterling
National Bank (White Plains and Yonkers locations). Most of the team
worked together for approximately 10 years, primarily at Hudson Valley
Bank, prior to its merger with Sterling. The team is also comprised of
Daniel Olimpio and Lindsey Robertson, who will each serve as Associate
Group Director and Vice President.
Maloney spent 30 years in the finance and banking industry, with 24
years at Sterling/Hudson Valley. At Sterling, he was Senior Managing
Director/Senior Vice President, where he led a team in Westchester for
two years. Prior, at Hudson Valley, he was based at the Yonkers
headquarters, serving as Chief Banking Officer/Executive Vice President,
managing the bank's commercial business activities. Earlier, at the same
institution, he held several roles in commercial banking.
Mucilli also brings 30 years of banking-related experience to his new
position, with nearly 10 spent at Sterling/Hudson Valley Bank. Most
recently, he was Senior Managing Director/Director of Cash Management,
leading cash management sales and implementation for the entire Sterling
footprint, based in Yonkers. He developed the Cash Management division
for Hudson Valley Bank nearly nine years ago. Earlier in his career, he
held roles of increasing responsibility in retail banking and business
development at Bank of New York in White Plains for more than 15 years.
Olimpio was a Cash Management Sales Manager/Vice President at the
Yonkers location, responsible for overseeing the cash management sales
team across all specialty banking units. During his six-year tenure at
Sterling/Hudson Valley Bank, he worked in various roles, all related to
Robertson spent nearly nine years with her former employer. Most
recently, she served as Cash Management Implementation Manager/Vice
President in Yonkers, managing the Cash Management Implementation team
for commercial and specialty clients.
Concurrent with the new team appointment, Signature Bank also expanded
one of its existing teams with the naming of William M. Mooney, III,
Esq. to the post of Group Director and Senior Vice President. He joins
the private client banking team lead by Thomas Mooney in Greenwich,
Conn. Based upon his relationships and experience in New York, Mooney
will be based out of Signature Bank's White Plains office.
Mooney has an extensive business, legal and political career, with roots
cultivated throughout Westchester County and the Hudson Valley region.
Previously, he was Director of the Office of Economic Development for
Westchester County and Executive Director of the Westchester County
Industrial Development Agency (IDA) and Local Development Corporation
(LDC) in White Plains. In each of these positions, he was entrenched in
the vibrant Westchester business landscape, serving as liaison to the
business community, encouraging businesses to stay, grow and relocate to
the County and region to support continued growth through financial,
economic and business incentives. Earlier, he was a Chief Advisor for
Governmental Operations in Westchester County, overseeing County budget
and policy initiatives. Mooney, a lawyer by trade, was a partner at the
law firm of Plunkett & Jaffe Group of McKenna Long & Aldridge LLP and
corporate counsel for the City of Yonkers. He brings a plethora of key
contacts and relationships throughout Westchester County and New York
State to his new role with Signature Bank.
"We begin 2017 with further opportunities to attract additional veteran
private client banking teams who bring extensive expertise to our
network. In the case of Michael and Nick's team, they have garnered
strong reputations throughout Westchester's business community, an
important growth area for the Bank. The team has decades of experience
serving the County, which we believe bodes well for the Bank's growth in
this area," explained Joseph J. DePaolo, Co-founder, President and Chief
Executive Officer at Signature Bank.
"Complementing our growth initiative in Westchester is Bill Mooney's
years of work within the County and region. He has dedicated his career
to catering to the County's economic development, and the relationships
he has forged will prove beneficial to our role within the Westchester
commercial banking arena. We look forward to the efforts our new
colleagues will put forth in their roles within our growing franchise,"
About Signature Bank and Signature Financial
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/20170417005796/en/
R. Howell, 646-822-1402
Executive Vice President-Corporate &
Susan J. Lewis, 646-822-1825
Source: Signature Bank
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