Signature Bank Named #1 in Private Banking and Commercial Escrow Categories in New York Law Journal’s 13th Annual “Best of” Survey

Also named second in the Best in Business Bank category; Consistently ranked #1 or top three for the past 13 years

NEW YORK, September 19, 2022–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced that it ranked in the top three for three categories within the New York Law Journal “Best of” 13e annual survey of the New York legal community.

The Bank ranked No. 1 in the Private Banking and Corporate Escrow Services categories and No. 2 Merchant Bank. For the 13e consecutive year, Signature Bank has placed in the top three each year in one or more of these same categories of the New York Law Reviewinvestigation.

September 19e2022 edition of New York Law Review, a leading New York-area legal trade publication, has revealed the “Best of” ranking, which reflects the opinions of thousands of attorneys and other legal professionals who voted in more than 70 law-related categories. The voting process is purely democratic and represents the opinions of New York Law Review readers and members of the New York legal community.

Additionally, based on Signature Bank’s 2022 rankings, it was also included in New York Law Journal’s “Best of” Hall of Fame, for the fifth consecutive year. The Hall of Fame is awarded to entities that have ranked in “Best of” for at least three of the last four years, thus repeatedly receiving the highest ratings of New York Law Review readers and the New York legal community.

The New York Law Review began polling its readers for its “Best of” list in 2010, and since then, Signature Bank has consistently scored first or top three in the Business Bank, Private Bank, and Business Escrow Services categories. Over the past 13 years, the Bank has ranked number one in the Best Merchant Bank category seven times and has also placed in the top three for another six years. It is also the 12e consecutive year in which Signature Bank ranked in the top three in the Private Banking category (number one for six consecutive years) and the 11e consecutive year it has ranked in the top three in the business escrow services category (including number one for the past six consecutive years and eight times overall).

Current and historical New York Law Review the rankings are as follows:

CATEGORY

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

investment bank

#2

#1

#1

#1

#1

#2

#1

#1

#1

#2

#3

#3

#2

Private bank

#1

#1

#1

#1

#1

#1

#2

#2

#2

#2

#3

#2

Commercial Escrow Services

#1

#1

#1

#1

#1

#1

#2

#1

#2

#1

#2

“It is truly an honor for Signature Bank to once again place in the top three of this prestigious ranking, primarily because it reflects the genuine opinions of the New York legal community where we serve many clients. area of ​​legal professional services is an area in which Signature Bank and its private client banking teams have focused on and built a leadership niche. New York Law Review the results – for 2022 as well as the previous 12 years – clearly reflect the expertise we have gained in providing client-centered care and service to New York’s thriving legal community, an achievement of which we are very proud” , said Joseph J. DePaolo, President and CEO of Signature Bank.

“We attribute our 13 years of leading positioning to our founding model where our experienced banking teams serve as a single point of contact for all client needs. This is the hallmark of our institution and the real reason why so many in the New York-area legal landscape continually rely on Signature Bank for their banking services. We once again thank this community for voting in favor of Signature Bank,” added DePaolo.

New York Law Review is a trusted source of information for attorneys, designed to keep the dynamic New York area legal community up to date on industry trends and developments. The publication belongs to ALM, a global leader in specialist business news and information serving the legal, real estate, consulting, insurance and investment advisory industries.

About Signature Bank

Signature Bank (Nasdaq: SBNY), Member FDIC, is a New York-based full-service commercial bank with 39 private client offices throughout the New York metropolitan area, as well as Connecticut, California and North Carolina. With its single-point-of-contact approach, the Bank’s retail banking teams primarily serve the needs of private businesses, their owners and senior executives.

The Bank has two wholly owned subsidiaries: Signature Financial, LLC, which provides financing and equipment leasing; and, Signature Securities Group Corporation, a licensed broker-dealer, investment advisor and member FINRA/SIPC, offers investment, brokerage, asset management and insurance products and services.

Since commencing operations in May 2001, Signature Bank has reached $116 billion in assets and $104.12 billion in deposits as of June 30, 2022. Signature Bank has placed 19e on S&P Global list of largest banks in the United States, based on deposits at the end of 2021.

Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payment platform. Bookmark™ enables business customers to make real-time payments in US dollars, 24/7/365 and was also the first solution to be approved for use by the NYS Department of Financial Services.

For more information, please visit https://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. You should not place undue reliance on such statements as they are subject to many risks. and uncertainties relating to our business and our business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information regarding our expectations regarding future results, interest rate and interest rate environment, loan and deposit growth, loan performance, operations, new hires of private client teams, new office openings, business strategy and the impact of the COVID -19 pandemic on each of the above and our business as a whole. Forward-looking statements often include words such as “may”, “believe”, “expect”, “anticipate”, “intend”, “potential”, “opportunity”, “could”, “project “, “seeks”, “target”, “aim”, “should”, “fly”, “would”, “plan”, “estimate” or other similar expressions. Forward-looking and other statements may also address our sustainability progress, plans and goals (including climate change and environmental issues and disclosures), which may be based on standards for measuring progress that are still under development, internal controls and processes that will continue to evolve and assumptions that may change in the future. When considering forward-looking statements, you should understand that such statements are not guarantees of performance or results. They involve risks, uncertainties and hypotheses that could ent cause actual results to differ materially from those in the forward-looking statements and may change due to numerous possible events or factors, all of which are not known to us or within 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, which may materially affect origination levels and earnings on sales results in our business, as well as other aspects of our financial performance, including earnings on assets; (iii) the level of defaults, losses and prepayments on loans we have originated, whether held in portfolio or sold in all secondary loan markets, which may materially affect levels of allocation and required credit loss reserve levels; (iv) changes in the monetary and fiscal policies of the United States government, including the policies of the United States Treasury and the Board of Governors of the Federal Reserve System; (v) changes in the regulatory environment for banks and other financial services; (vi) our ability to maintain the continuity, integrity, safety and security of our operations; and (vii) competition for qualified personnel and desirable office locations. All of these factors are subject to additional uncertainty in the context of the COVID-19 pandemic and the conflict in Ukraine, which are impacting all aspects of our operations, the financial services industry and the economy as a whole. Additional risks are described in our quarterly and annual reports filed with the FDIC. Although we believe these forward-looking statements are based on reasonable assumptions, beliefs and expectations, if anything changes or our beliefs, assumptions and expectations are incorrect, our business, financial condition, liquidity or results of operations could differ materially from those expressed in our forward-looking statements. You should keep in mind that any forward-looking statement made by Signature Bank speaks only as of the date on which it was made. New risks and uncertainties arise from time to time, and we cannot predict these events or their impact on the Bank. Signature Bank is under no obligation and does not intend to update or revise any forward-looking statements after the date on which they are made.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220919005080/en/

contacts

Investor contacts:
Brian Wyremski, Senior Vice President and Director of
Investor Relations and Corporate Development
646-822-1479, [email protected]
Media Contact:
Susan Turkell Lewis, 646-822-1825, [email protected]

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