NEW YORK–(BUSINESS WIRE)–Signature
Bank (Nasdaq: SBNY), a New York-based full-service commercial bank,
announced today that its management plans to present at the upcoming
2019 Morgan Stanley Financials Conference.
The conference, designed to showcase financial services companies for
institutional investors, will be held on Tuesday, June 11th –
Wednesday, June 12th, 2019, at the InterContinental New York
Barclay Hotel in New York City.
Signature Bank’s President and Chief Executive Officer Joseph J. DePaolo
and Executive Vice President-Corporate & Business Development Eric R.
Howell are scheduled to participate in a fireside chat presentation on
Tuesday, June 11th at 1:45 P.M. local time. Each
participating company is scheduled for a 30-minute presentation,
including a question and answer session.
A web cast of Signature Bank’s presentation will be available on June 11th
(beginning at the start time of the presentation) and can be viewed by
accessing https://event.webcasts.com/viewer/event.jsp?ei=1249382&tp_key=d19287f7fc.
It will be archived for 180 days.
Morgan Stanley is a leading global financial services firm providing a
wide range of investment banking, securities, investment management and
wealth management services.
About Signature Bank
Signature Bank, member FDIC, is a New York-based full-service commercial
bank with 31
private client offices throughout the New York metropolitan area and
Connecticut as well as San Francisco. The Bank’s growing network of
private client banking teams serves the needs of privately owned
businesses, their owners and senior managers.
Signature Bank’s 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 and
services.
Signature Bank recently introduced its revolutionary, blockchain-based
digital payments platform, Signet™,
enabling real-time payments for its commercial clients. The Signet
Platform allows the Bank’s commercial clients to make payments in U.S.
dollars, 24/7/365, safely and securely, without transaction fees.
Signature Bank is the first FDIC-insured bank to launch a
blockchain-based digital payments platform, and Signet is the first such
platform to be approved for use by the NYS Department of Financial
Services.
Since commencing operations in May 2001, the Bank has grown to $48.55
billion in assets, $37.47 billion in loans, $36.62 billion in deposits,
$4.55 billion in equity capital and $3.58 billion in other assets under
management as of March 31, 2019. Signature Bank’s Tier 1 and risk-based
capital ratios are significantly above the levels required to be
considered well capitalized.
Signature Bank is one of the top 40 largest banks in the U.S.,
based on deposits (S&P Global Market Intelligence). The Bank
recently earned several third-party recognitions, including: appeared on Forbes’
Best Banks in America list for the ninth consecutive year in 2019;
and, named Best Business Bank, Best Private Bank and Best Attorney
Escrow Services provider by the New
York Law Journal in the publication’s annual
“Best of” survey for 2018, earning it a place in the New York Law
Journal’s Hall of Fame (awarded to companies that have ranked in the
“Best of” survey for at least three of the past four years). The Bank
also ranked second nationally in the Best Business Bank, Best Private
Bank and Best Attorney Escrow Services categories of the National
Law Journal’s 2019 “Best of” survey.
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.
Contacts
For Further Information:
Investor
Contact:
Eric R. Howell, Executive Vice President-Corporate
& Business Development
646-822-1402, [email protected]
Media Contact:
Susan J. Lewis,
646-822-1825,
[email protected]
