NEW YORK--(BUSINESS WIRE)--
Bank (Nasdaq: SBNY), a New York-based full-service commercial bank,
announced today it was named the Gold Stevie® Award winner in two
categories of The
15th Annual American Business Awards: Company of the Year
- Banking - Large, and Company of the Year - Financial Services - Large
The American Business Awards are the nation's premier business awards
program. All organizations operating in the U.S.A. are eligible to
submit nominations - public and private, for-profit and non-profit,
large and small.
Nicknamed the Stevies for the Greek word meaning "crowned," the awards
were presented to winners at a gala ceremony at the Marriott Marquis
Hotel in New York on Tuesday, June 20.
More than 3,600 nominations from organizations of all sizes and in
virtually every industry were submitted this year for consideration in a
wide range of categories, and 190+ professionals worldwide participated
in the judging process to select this year's Stevie Award winners.
"Each year the judges find the quality and variety of the nominations to
be greater than the year before. The 2017 competition was intense and
every organization that has won should be proud," said Michael
Gallagher, president and founder of the Stevie Awards.
"Signature Bank is honored to be recognized by the prestigious Stevie
Awards program and to earn Gold awards in two company categories. Since
our founding and startup, we have built an institution that prides
itself on the client relationships we cultivate and sustain, and the
veteran banking teams who serve as their single point of contact. It was
rewarding to read the judges' comments recognizing our growth from an
entrepreneurial startup to a $40 billion institution. Judges noted the
Bank was a ‘great story of a from-scratch company on an extended upward
trajectory,' and that our submission offered ‘entrepreneurial insight
into a tradition-heavy industry and growth to prove its worth,'" stated
Joseph J. DePaolo, co-founder, president and chief executive office at
"We built Signature Bank with a mission to provide privately owned
businesses an unparalleled, relationship-based banking experience. Since
our inception 16 years ago, we have certainly demonstrated our
commitment to client care. To this end, the judges said the Bank has a
‘very strong track record and clear differentiation within the market,'
and that our ‘nine consecutive years of growth is very hard to beat.' We
are gratified the judges noticed our growth, and as a result, our
fast-growing enterprise was bestowed with two Gold awards," DePaolo
Details about The American Business Awards and the list of 2017 Stevie
winners are available at www.StevieAwards.com/ABA.
About the Stevie Awards
Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie
Awards, the German Stevie Awards, The American Business Awards, The
International Business Awards, the Stevie Awards for Women in Business,
the Stevie Awards for Great Employers, and the Stevie Awards for Sales &
Customer Service. Stevie Awards competitions receive more than 10,000
entries each year from organizations in more than 60 nations. Honoring
organizations of all types and sizes and the people behind them, the
Stevies recognize outstanding performances in the workplace worldwide.
Learn more about the Stevie Awards at http://www.StevieAwards.com.
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 $40.27
billion in assets, $30.02 billion in loans, $32.94 billion in deposits,
$3.76 billion in equity capital and $3.33 billion in other assets under
management as of March 31, 2017. 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 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/20170628006090/en/
R. Howell, 646-822-1402
Executive Vice President-Corporate &
Susan J. Lewis, 646-822-1825
Source: Signature Bank
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