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Signature Bank (SBNY)

118.46 Up 0.95(0.81%) 4:00PM EDT
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Signature Bank
565 Fifth Avenue
New York, NY 10017
United States - Map
Phone: 646-822-1500

Index Membership:N/A
Industry:Regional - Mid-Atlantic Banks
Full Time Employees:945

Business Summary 

Signature Bank provides various business and personal banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposits, time deposits, and other cash management products. The company also offers loan products comprising commercial and industrial loans; real estate loans, such as loans secured by commercial and residential properties, and temporary financing for commercial and residential properties; letters of credit; and personal lines of credit and loans to acquire personal assets, as well as credit card accounts and home equity loans. In addition, it provides investment and asset management products and services consisting of various individual securities, such as equities, options, fixed income securities, mutual funds, and annuities, as well as individual retirement accounts and administrative services for retirement vehicles, which include pension, profit sharing, and 401(k) plans to its clients; and equipment finance and leasing, transportation financing, and taxi medallion financing services. Further, the company offers wealth management services to its high net worth personal clients; and a range of individual and group insurance products that comprise health, life, disability, and long-term care insurance products as an agent. Additionally, it purchases, securitizes, and sells guaranteed portions of small business administration loans. As of December 31, 2013, the company operated 27 private client offices located in the New York metropolitan area. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.

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Corporate Governance 
Signature Bank’s ISS Governance QuickScore as of Aug 1, 2014 is 10. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 9; Compensation: 9.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Joseph J. Depaolo , 54
Chief Exec. Officer, Pres, Exec. Director and Member of Risk Committee
Mr. Vito Susca , 45
Chief Financial Officer, Principal Accounting Officer and Sr. VP
Mr. Eric R. Howell , 43
Exec. VP of Corp. & Bus. Devel.
Mr. Michael J. Merlo , 66
Chief Credit Officer and Exec. VP
Senator Alfonse M. D'Amato , 76
Director, Chairman of Compensation Committee and Member of Nominating Committee
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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