Signature Bank :$SBNY

New York-based full-service commercial bank

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Signature Bank Background

Signature Bankยฎ (NASDAQ: SBNY) is a New York-based full-service commercial bank with private client offices throughout the New York Metropolitan area, Connecticut, North Carolina and California.

The Bank focuses on serving the financial needs of privately owned businesses, their owners and senior managers โ€“ a group of clients who often find themselves underserved by the areaโ€™s larger financial institutions.

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

Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payments platform. Signetโ„ข allows commercial clients to make real-time payments in U.S. dollars, 24/7/365 and was also the first blockchain-based solution to be approved for use by the NYS Department of Financial Services.

Since commencing operations in May 2001, Signature Bank reported $110.36 billion in assets and $88.59 billion in deposits as of December 31, 2022. Signature Bank placed 19th on S&P Globalโ€™s list of the largest banks in the U.S., based on deposits as of year-end 2021.

Signature Bank News

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