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NEW YORK – (BUSINESS WIRE) –
Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that it ranked second in the United States in three categories of The National Law Review “Best of 2021”, its 10th annual reader survey. Categories include Business Bank, Private Bank, and Attorney Escrow Services. This is the third consecutive year that Signature Bank has ranked second nationally in all three categories of The National Law Review annual survey.
Every year, The National Law Review, a ALM-published commercial legal publication, which polls the legal community nationwide, providing readers, as well as members of the legal community, the opportunity to vote for the best providers across a range of services and goods available for the legal profession. The National Law Review The “Best of” survey presents companies serving the legal sector that stand out from their competitors.
The 2021 ranking, which was revealed in the March 2021 edition of this national legal publication, shows the votes of thousands of lawyers and other legal professionals in more than 60 law-related categories. The voting process reflects a purely democratic process.
“Over the years, Signature Bank has built a solid reputation within the legal community nationwide, as evidenced by our strong positioning for three consecutive years in this survey. The recognition of lawyers nationwide is indicative of the levels of service and commitment to clients that our seasoned private banking teams deliver through our single point of contact model. We thank our clients for taking the time to show their loyalty and express the value they place on our institution. We also like the vehicle The national law review deals through this annual ranking, ”said President and CEO Joseph J. DePaolo.
Likewise, Signature Bank was also named first bank in the same three categories in the annual ‘Best of’ survey published by The National Law Review sister publication, the New York Law Journal. 2020 marked the 11th consecutive year that Signature Bank has placed in the top three in one or more of these same categories in this outlet’s comparable survey. Our broad acceptance of the legal community both nationally and throughout greater New York City demonstrates our dedication to the legal community as a whole, ”concluded DePaolo.
Additionally, Signature Bank secured a Hall of Fame spot from both The national law review and the New York Law Journal reader surveys. This honor is bestowed only on entities that have consistently achieved the same “Best of” categories for at least three of the past four years.
About Signature Bank
Signature Bank (Nasdaq: SBNY), FDIC member, is a full-service New York-based commercial bank with 37 private client offices throughout the New York metropolitan area, including those in Connecticut as well as California and North Carolina. Thanks to its one-stop-shop approach, the Bank’s private banking teams primarily meet the needs of private companies, their owners and managers.
The Bank has two wholly owned subsidiaries: Signature Financial, LLC, which provides financing and equipment rental services; and Signature Securities Group Corporation, a chartered broker, investment advisor and FINRA / SIPC member, offers investment, brokerage, asset management and insurance products and services.
Since it began operations in May 2001, Signature Bank, with $ 73.9 billion in assets, has been one of the 40 largest banks in the United States, in terms of deposits (S&P Global Market Intelligence). Deposits as of December 31, 2020 reached $ 63.3 billion.
Signature Bank was the first FDIC insured bank to launch a blockchain-based digital payment platform. Bookmark ™ enables commercial 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 which are subject to risks and uncertainties. You should not place undue reliance on these statements as they are subject to many risks and uncertainties relating to our operations and our business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information regarding our future results, interest rates and the interest rate environment, loan and deposit growth, loan performance, operations, new private client teams and others. hirings, new office openings, our business strategy and the impact of the COVID -19 pandemic on each of the above and on our business as a whole. These statements often include words such as “may”, “believe”, “expect”, “anticipate”, “intend”, “possible”, “opportunity”, “could”, “plan” , “Seek”, “target”, “objective”, “should”, “will”, “should”, “plan”, “estimate” or other similar expressions. When you review forward-looking statements, you should understand that such statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions that could cause actual results to differ materially from those of forward-looking statements and may change due to many possible events or factors, not all of which are known to us or under 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, all of which can significantly affect the origination levels and sales results of our business, as well as our other aspects of our financial performance, including earnings over interest assets; (iii) the level of defaults, losses and prepayments on the loans we grant, whether they are held in the portfolio or sold in all secondary loan markets, which can significantly affect the levels write-offs and reserve requirements for credit losses; (iv) changes in the monetary and fiscal policies of the US government, including the policies of the US Treasury and the Federal Reserve System Board of Governors; (v) changes in the regulatory environment for banking and other financial services, (vi) our ability to maintain the continuity, integrity, security and safety 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, which is having an unprecedented impact on all aspects of our operations, the financial services industry and the economy as a whole. While we believe these forward-looking statements are based on reasonable assumptions, beliefs and expectations, if any change occurs or if our beliefs, assumptions and expectations were incorrect, our business, financial condition, liquidity or results will operation may differ significantly 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 forward-looking statements made by Signature Bank speak only as of the date on which they were made. New risks and uncertainties arise from time to time, and we cannot predict these events or their impact on the Bank. Signature Bank has no obligation to, and does not intend to update or revise any forward-looking statements after the date they are made. In light of these risks and uncertainties, you should be aware that any forward-looking statements made in this press release or elsewhere may not reflect actual results.
Eric R. Howell, Senior Executive Vice President –
Corporate and commercial development
646-822-1402, [email protected]
Susan lewis turkell
646-822-1825, [email protected]
Source: Signature Bank