SIGNATURE BANK overview

Signature Bank (Nasdaq: SBNY), a New York-based full service commercial bank, announced today the completion of its underwritten public offering of 29.2 million depositary shares, each representing a 1/40th interest in a share of 5.000% Noncumulative Perpetual Series A Preferred Stock, at a public offering price of $25.00 per depositary share. The depositary shares sold in the offering included 1.2 million depositary shares sold pursuant to the underwriters’ option to purchase additional...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today expansion of its executive management team with the appointment of two executives. Lisa Bond was named to the newly created position of Senior Vice President and Chief Corporate Social Impact Officer, which encompasses Diversity & Inclusion (D&I) and Environmental, Social and Governance (ESG) initiatives, areas in which the Bank is expanding its efforts companywide. Ana Harris, Signature Bank Senior...

Signature Bank (Nasdaq: SBNY), a New York-based full service commercial bank, announced today the pricing of its underwritten public offering of 28 million depositary shares, each representing a 1/40th interest in a share of 5.000% Noncumulative Perpetual Series A Preferred Stock, at a public offering price of $25.00 per depositary share. The Bank has also granted the underwriters a 30-day option to purchase up to 2 million additional depositary shares. The Bank intends to use the proceeds from...

Signature Bank (Nasdaq: SBNY), a New York-based full service commercial bank, announced today an underwritten public offering of depositary shares, each representing a 1/40th interest in a share of Noncumulative Perpetual Series A Preferred Stock. The Bank will also grant to the underwriters a 30-day option to purchase additional depositary shares. The Bank intends to use the proceeds from the offering for general corporate purposes. Morgan Stanley & Co. LLC, BofA Securities, Inc., Keefe,...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that its management plans to present at the upcoming Goldman Sachs US Financial Services Virtual Conference 2020. The virtual conference, designed to showcase publicly traded financial services companies for institutional investors, is scheduled for Tuesday, December 8 th - Wednesday, December 9 th , 2020. Signature Bank’s President and Chief Executive Officer Joseph J. DePaolo as well as Senior...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that its management will participate in the upcoming BofA Securities Future of Financials 2020 Virtual Conference. The virtual conference, designed to showcase publicly traded financial services companies for institutional investors, is scheduled for Monday, November 9 th - Tuesday, November 10 th , 2020. Signature Bank’s President and Chief Executive Officer Joseph J. DePaolo as well as Senior...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced results for its third quarter ended September 30, 2020. Net income for the 2020 third quarter was $138.6 million, or $2.62 diluted earnings per share, versus $148.1 million, or $2.74 diluted earnings per share, for the 2019 third quarter. The decrease in net income for the 2020 third quarter, versus the comparable quarter last year, is due to an increase in the provision for credit losses of $51.5...

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that management will host a conference call to review results of its 2020 third quarter ended September 30, 2020 on Tuesday, October 20, 2020 at 10:00 AM ET. Signature Bank’s financial results will be released prior to market open on Tuesday, October 20, 2020. President and Chief Executive Officer Joseph J. DePaolo and Senior Executive Vice President - Corporate and Business Development Eric R. Howell...