National Network of Executive Sales Officers Grows to 32 in 18 States
NEW YORK--(BUSINESS WIRE)--
Bank (Nasdaq:SBNY), a New York-based full-service commercial bank,
announced today that several new executive sales officers have joined
Signature Financial LLC, the Bank's specialty equipment finance
subsidiary. The appointment of four new officers brings the total of
Signature Financial's direct sales team to 32 professionals nationwide.
Mark Murray, Dave Walter and Jason Wright were each named to the post of
Vice President - Executive Sales Officer for Signature Financial's
equipment leasing and lending business while Devin Steele was appointed
to the same post for the franchise finance business line.
Murray, who will be based in Minneapolis, brings greater than 25 years
of finance experience to his new position. Most recently, he served as
senior territory manager at Caterpillar Financial Services Corp. and FCC
Equipment Financing, a division of Caterpillar. In these roles, he
originated and negotiated large leases and loan transactions with
construction contractors, establishing a strong expertise and market
presence in this area. He also served in key finance lending roles at
Cargill Leasing, GE Capital and US Bancorp. His specialty includes
financing for the construction, aircraft and transportation sectors.
Walter, a 33-year finance veteran also joins from his role as a senior
territory manager for 13 years at Caterpillar Financial Services Corp.
and FCC Equipment Financing, where he managed retail and direct lending
relationships for large customers in Oklahoma, West Texas, Nebraska and
Kansas. During this time, he established a strong reputation in the
construction equipment finance market. He also spent nearly 20 years at
the CIT Group as regional sales manager and vice president, managing
direct lending relationships in similar geographic areas from a diverse
client base. Walter will be based in Wichita, Kan.
Wright has nearly 20 years of finance experience, including nearly four
years previously spent at Signature Financial (from 2012-2015) as well
as with Signature Financial's management team at Capital One Equipment
Finance for nearly a decade. Based in Chicago, Wright will originate
business in Illinois and regions within Indiana, Wisconsin and Michigan.
The Central Midwest has been his prime coverage area for years, where he
focused on transportation, trucking and construction finance. Most
recently, Wright was a regional vice president at LeasePlan USA,
responsible for business development amongst the firm's Fortune 1000
clients prior to rejoining Signature Financial.
Steele specializes in franchise finance and joins from Pacific Premier
Franchise Capital (PPFC). As an account manager at PPFC, she was
responsible for identifying and establishing lending relationships with
restaurant franchisees across the country in more than 25 different
brands and was charged with both originating and facilitating the
closing of franchise finance transactions. Based in the Dallas area,
Steele built a network of national relationships and contacts in the
growing franchisee lending space.
"We continue to strengthen our sales officer network nationally with the
appointment of these seasoned finance-focused professionals. These
appointments will further enhance our already-strong presence in the
construction, transportation and franchise arenas. We anticipate our
construction finance business to continue growing as demand for
equipment increases with greater national infrastructure rebuilding. In
addition, our franchise finance direct business line, which commenced
two years ago, has thrived. We expect to continue capitalizing on
opportunities that expand our reach amongst established franchisees
across recognized restaurant brands," explained Walter Rabin, president
and chief executive officer at Signature Financial.
"The significant construction equipment finance experience Mark and Dave
bring is a natural fit for our business and will prove highly beneficial
to Signature Financial. We welcome Jason back to his Signature Financial
roots, where we know he is a proven leader and strong producer,
particularly in the transportation sector. Devin will contribute to our
ongoing franchise finance portfolio, where we concentrate on lending to
proven restaurant concepts that continue to evolve and expand," Rabin
"There are significant opportunities in the marketplace for us to expand
the specialty finance side of our business, and we continue to
capitalize on them. The appointment of these four new executive sales
officers is indicative of the breadth and depth of experience available
to us. We look forward to the contributions these individuals will make
as we further diversify our balance sheet," said Joseph J. DePaolo,
president and chief executive officer at Signature Bank.
About Signature Bank and Signature Financial LLC
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
Signature Financial is a specialty finance subsidiary of Signature Bank,
dedicated to equipment finance and leasing, transportation financing,
franchise finance and commercial marine finance. Signature Financial
operates from 29 locations throughout the country.
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/20170421005499/en/
R. Howell, 646-822-1402
Executive Vice President-Corporate &
Susan J. Lewis, 646-822-1825
Source: Signature Bank
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