Home New loan Signature Bank named number one in three categories in the New York Law Journal’s 12th annual “Best of” survey

Signature Bank named number one in three categories in the New York Law Journal’s 12th annual “Best of” survey

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NEW YORK–(COMMERCIAL THREAD) –Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that it ranks No.1 in three categories of the New York Law Journal Best of”12e annual survey of the New York legal community. The categories include Business Bank, Private Bank, and Business Escrow Services. The 2021 New York Law Journal the ranking marks the 12e consecutive year in which Signature Bank placed in the top three in one or more of these same categories.

The rankings, unveiled in September 20e, 2021 edition of the New York area’s leading legal publication, reflects the opinions of thousands of attorneys and other legal professionals who were eligible to vote in more than 75 law-related categories. The voting process is purely democratic and the results represent the candid views of New York Law Journal readers and members of the New York legal community.

In addition, based on the Bank’s placement in 2021 on the list, it was also included in New York Law Journal ‘s “Best of” Hall of Fame, for the fourth year in a row. The Hall of Fame is awarded to entities that have achieved “Best of” for at least three of the past four years, thus repeatedly receiving top marks from New York Law Journal readers and the New York legal community.

Since 2010 when the New York Law Journal started polling its readers for its “Best of” list, Signature Bank has consistently achieved the top spot or placed in the top three in the Business Bank, Private Bank and Business Escrow Services categories. Over the past 12 years, the Bank has been ranked # 1 in the Best Investment Bank category seven times, and also in the top three in the other five years. It is also the 11e consecutive year in which Signature Bank ranked in the top three in the Private Banking category (number one for five consecutive years), and the 10e Consecutive year, it has been in the top three in the Business Escrow Services category (including the number one ranking for the past five consecutive years and seven times in total).

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“Signature Bank’s founding single point of contact model was created to provide dedicated, relationship-based banking services to clients through our seasoned private banking teams. They work closely and transparently with customers to ensure that all needs are met through a single point of contact. It has become the hallmark of our franchise, which earned Signature Bank this prestigious investment in New York Law Journal Again in the “Best of” ranking, said Joseph J. DePaolo, President and CEO of Signature Bank.

“In particular, we have long-standing law firms because our client-centric model has proven to be extremely beneficial to them. We deeply appreciate the time our legal clients took to vote for Signature Bank and thank them for their continued trust. Their loyalty has once again enabled our institution to stand out among the world’s largest banking entities. We are proud of the efforts of all our colleagues, who have led us to our 12e is on that list, ”concluded DePaolo.

New York Law Journal is a trusted source of information for lawyers, designed to keep the New York area legal community up to date with industry trends and developments. The publication is the property of ALM, a world leader in specialized business news and information serving the legal, real estate, advisory, insurance and investment advisory sectors.

About Signature Bank

Signature Bank (Nasdaq: SBNY), Member of the FDIC, is a New York-based full-service commercial bank with 37 private client offices throughout the New York metro area, as well as in Connecticut, 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 commencing operations in May 2001, Signature Bank has reached $ 96.9 billion in assets as of June 30, 2021. With $ 85.6 billion in deposits at the end of the second quarter of 2021, Signature Bank has placed 22sd to S&P Global list of the largest banks in the United States, based on deposits.

Signature Bank was the first FDIC insured bank to launch a blockchain-based digital payment platform. Signet â„¢ allows 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.

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 requirement levels 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.