Signature Bank Named Best Business Bank and Best Attorney Escrow Services Provider by New York Law Journal
Bank Also Ranks Second in Best Private Bank Category
NEW YORK--(BUSINESS WIRE)-- Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that it was named Best Business Bank and Best Attorney Escrow Services Provider by the New York Law Journal in the publication’s sixth annual reader survey. The Bank also ranked second in the Best Private Bank category. This is the second consecutive year Signature Bank has been voted Best Business Bank.
Since the New York Law Journal introduced its reader survey six years ago, Signature Bank has continually secured the top spot or ranked amongst the top three positions in each category in which it was named.
The rankings, which were revealed in the September 16, 2015 issue of the leading New York-area legal trade publication, were based solely on 8,400+ reader-casted votes, mainly those from attorneys and other legal professionals. Readers were presented an opportunity to vote in more than 100 legal-related categories overall, including others such as litigation support, consulting and outsourcing, technology, recruiting and staffing, research, accounting, real estate, mediation and education. The voting process is purely democratic, and the results represent the candid opinions of New York Law Journal readers.
“Since the Bank was founded more than 14 years ago, the legal profession has been a key component of our client base. We sincerely appreciate the time our clients took to cast their votes, recognizing the Bank’s client-centric model, dedicated service and single-point-of-contact approach, where our teams serve as their key contact,” said Joseph J. DePaolo, Signature Bank President and Chief Executive Officer.
“Year after year, our commitment to our clients has been clearly reflected in the New York Law Journal rankings. We appreciate our acknowledgment again this year, and thank our clients for recognizing our bankers’ efforts in meeting their needs. It is an honor to again be named Best Business Bank and to return to the top spot in the Attorney Escrow Services category while also ranking as a leading Private Bank,” DePaolo added.
The New York Law Journal is a reliable news source for attorneys, designed to keep the fast-paced New York-area legal community up-to-date on industry trends and developments. The publication is owned by ALM, a global leader in specialized business news and information serving the legal, real estate, consulting, insurance and investment advisory industries.
About Signature Bank
Signature Bank, member FDIC, is a New York-based full-service commercial bank with 29 private client offices throughout the New York metropolitan area, including those in Manhattan, Brooklyn, Westchester, Long Island, Queens, the Bronx, Staten Island and Connecticut. The Bank’s growing network of private client banking teams serves the needs of privately owned businesses, their owners and senior managers.
Signature Bank offers a wide variety of business and personal banking products and services. Its 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.
Since commencing operations in May 2001, the Bank has grown to $29.97 billion in assets, $24.46 billion in deposits, $2.70 billion in equity capital and $3.54 billion in other assets under management as of June 30, 2015. Signature Bank's Tier 1 and risk-based capital ratios are significantly above the levels required to be considered well capitalized.
Signature Bank was named the Best Bank in America by Forbes for 2015 and ranked third on leading trade journal Bank Director’s 2015 Bank Performance Scorecard for banks with assets between $5 and $50 billion.
For more information, please visit www.signatureny.com.