Signature
Bank (Nasdaq: SBNY), a New York-based full-service commercial bank,
announced today the appointment of a new private client banking team to
be based in its White Plains, N.Y. office in Westchester County.
David Pilossoph and Marie Moreno, both of whom are veteran bankers that
spent decades with Citibank, N.A., were each named Group Director and
Senior Vice President. Pilossoph and Moreno spent 35 and 22 years,
respectively, at Citibank locations in the Westchester area.
Pilossoph most recently served as Vice President and Branch Manager at
the 244 Main Street branch in White Plains, a role he held for 23 years.
Over the years, Pilossoph gained significant experience serving a range
of businesses, particularly professional services firms.
Moreno was a Vice President and Branch Manager at the 444 Mamaroneck
Avenue branch in White Plains where she focused on business banking
primarily for professional services entities. Before being promoted to
this branch manager role, she worked with Pilossoph for nearly two
decades.
Joining Pilossoph’s and Moreno’s team is Diane Fracasse who brings 25
years of banking experience to her new Senior Client Associate role.
Fracasse was Assistant Branch Manager for Pilossoph at the White Plains
branch, providing sales, service and operational support.
Additionally, the Bank appointed several new banking professionals to
various existing teams. Thomas Pappas, with 13 years of banking
experience, was named Group Director at the Bank’s office at 261 Madison
Avenue in Manhattan. Pappas joins the team of Cliff Broder, a Group
Director and Senior Vice President who has been with Signature Bank
since the Bank’s inception in 2001. Prior, Pappas was Vice President and
a private banker at JPMorgan Chase’s headquarters in midtown Manhattan.
In this role, he served as point person for client relationship banking
as well as for various investment advisors.
Zoe Koutsoupakis, a banking veteran who brings 34 years of expertise to
her new role as Group Director and Senior Vice President, joined
recently named Group Director and Vice President Monika Buono in Borough
Park. Together, they will lead the team of five who will eventually be
based in a new office in Bay Ridge.
Koutsoupakis, who worked with Buono and other team members for nearly
two decades, spent the past 11 years at Investor’s Bank and its
predecessor Marathon Bank, as Area Manager and Senior Vice President in
Bay Ridge. She also spent 23 years at Atlantic Bank as an Area Manager.
Joining the team headed by Group Directors and Senior Vice Presidents
John Corallo and Jim McHugh, also in Borough Park is Denise Longworth,
Associate Group Director. Longworth has 37 years of banking experience,
all spent at Citibank in a range of commercial banking roles. For the
past nine years, she was a Business Banker in Park Slope, Brooklyn,
managing a portfolio spanning approximately 1,000 small business clients.
“We again have proven our capabilities in attracting bankers whose
entire careers have been dedicated to financial services and in many
cases, spent at the same institution. We attract professionals like
David and Marie who join as an integrated team in a key geographic
market, helping to enhance our strong presence, in this case,
Westchester County. With two offices and six teams across the County
now, we are further penetrating this area’s business landscape with the
addition of this veteran team,” explained President and Chief Executive
Officer Joseph J. DePaolo.
“It is also important to note our Group Directors continue to display
their entrepreneurial spirit by adding talented and experienced banking
professionals who can complement their existing teams. We are gratified
they express an interest in taking advantage of such appointments, as
evidenced by these recent additions. All this reflects ongoing
opportunities that remain in the marketplace, which Signature Bank
continually identifies and executes upon,” DePaolo added.
About Signature Bank
Signature Bank, member FDIC, is a New York-based full-service commercial
bank with 26 private client offices throughout the New York metropolitan
area. 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. The Bank operates Signature Financial,
LLC, a specialty finance subsidiary focused on equipment finance and
leasing, transportation financing and taxi medallion financing.
Investment, brokerage, asset management and insurance products and
services are offered through the Bank’s subsidiary, Signature Securities
Group Corporation, a licensed broker-dealer, investment adviser and
member FINRA/SIPC.
Signature Bank's 26 offices are located: In Manhattan (9) - 261 Madison
Avenue; 300 Park Avenue; 71 Broadway; 565 Fifth Avenue; 950 Third
Avenue; 200 Park Avenue South; 1020 Madison Avenue; 50 West 57th Street
and 2 Penn Plaza. Brooklyn (3) - 26 Court Street; 84 Broadway and 6321
New Utrecht Avenue. Westchester (2) - 1C Quaker Ridge Road, New Rochelle
and 360 Hamilton Avenue, White Plains. Long Island (7) - 1225 Franklin
Avenue, Garden City; 279 Sunrise Highway, Rockville Centre; 68 South
Service Road, Melville; 923 Broadway, Woodmere; 40 Cuttermill Road,
Great Neck; 100 Jericho Quadrangle, Jericho and 360 Motor Parkway,
Hauppauge. Queens (3) – 36-36 33rd Street, Long Island City; 78-27 37th
Avenue, Jackson Heights and 8936 Sutphin Blvd., Jamaica. Bronx (1) - 421
Hunts Point Avenue, Bronx. Staten Island (1) - 2066 Hylan Blvd.
Since commencing operations in May 2001, the Bank has grown to $18.3
billion in assets, $14.8 billion in deposits, $1.7 billion in equity
capital and $1.7 billion in other assets under management as of March
31, 2013. Signature Bank's Tier 1 and risk-based capital ratios are
significantly above the levels required to be considered well
capitalized.
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 team 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. 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. As you read and consider forward-looking
statements, you should understand that these statements are not
guarantees of performance or results. They involve risks,
uncertainties and assumptions and can change as a result of many
possible events or factors, not all of which are known to us or in our
control. 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.
Copyright Business Wire 2013