NEW YORK--(BUSINESS WIRE)--
Bank (Nasdaq: SBNY), a New York-based full-service commercial bank,
announced today the appointment of several new private client banking
professionals, who joined existing banking teams.
Pasquale (Pat) Loporcaro was named Group Director and Vice President at
the Bank's Staten Island (Hylan Blvd.) private client banking office. He
assumes this role from Theresa Marks, who will be retiring at the end of
this year, after serving as Group Director and Senior Vice President for
eight years. In this role, he will help to grow the portfolio of the
business managed by this four-person team.
Loporcaro is the former Vice President and Branch Manager for TD Bank on
Page Avenue in Staten Island, a position he held for several years,
during which time he handled business development, managed client
relationships and oversaw office operations. Earlier in his career,
Loporcaro was a commodities trader and president of Pasco Trading Corp.,
a commodities brokerage firm specializing in sugar futures.
Richard V. Imprescia, who was named Associate Group Director and Vice
President, joined Tom Kasulka's team, based in midtown Manhattan.
Kasulka has been a Group Director and Senior Vice President at the Bank
In his new role, Imprescia will be responsible for business development
across commercial clients in the areas of manufacturing, construction,
food and beverage and public and private finance. Imprescia brings
nearly 20 years of finance experience to his position. Most recently, he
spent 13 years at New York City-based Anchin Block & Anchin, LLP, an
accounting and advisory services firm catering to privately held
businesses and providing private client wealth services. During this
time, he served in a range of executive positions, primarily focused on
identifying new business opportunities.
Earlier, Imprescia served on the New York State Department of Economic
Development for The Empire State Development Corp. (ESDC), a public
benefit corporation leading New York State's economic development
efforts. He was appointed Deputy Executive Director by then New York
State Governor George E. Pataki.
Michael Benenfeld, who was also named Associate Group Director and Vice
President, joined Meyer Eichler's private client banking team in Borough
Park, Brooklyn, N.Y. Eichler has led the now seven-person team since
2010. Benenfeld had served as Branch Manager and Vice President at Apple
Bank for Savings in Brooklyn for 19 years. In this capacity, Benenfeld
managed a portfolio of clients and oversaw branch operations. Over the
years, he became recognized as one of the local community's most notable
banking professionals. Earlier, he was a Senior Account Officer at Bank
Leumi in Borough Park.
"The appointment of these talented professionals is indicative of the
many market opportunities that remain prevalent in the financial
services landscape across metro-NY. We continue to seize these
opportunities as we expand our network, whether it is by appointing
veteran professionals to existing teams or attracting new teams. These
appointments are reflective of the type of continued entrepreneurial
culture and spirit of our Bank. We welcome Pat, Richard and Michael to
our growing franchise and look forward to their contributions in the key
markets we serve," explained Joseph J. DePaolo, President and Chief
Executive Officer at Signature Bank.
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 $37.79
billion in assets, $31.40 billion in deposits, $3.56 billion in equity
capital and $4.59 billion in other assets under management as of
September 30, 2016. Signature Bank's Tier 1 and risk-based capital
ratios are significantly above the levels required to be considered well
Signature Bank ranked sixth best on Forbes'
Best and Worst Banks in America 2016 list 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.
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/20161206006223/en/
R. Howell, 646-822-1402
Executive Vice President - Corporate and
Susan J. Lewis, 646-822-1825
Source: Signature Bank
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