Signature
Bank (Nasdaq: SBNY), a New York-based full-service commercial bank,
announced today that its management plans to participate in the upcoming
Bank of America Merrill Lynch 2014 Banking and Financial Services
Conference.
The conference, designed to showcase approximately 60 publicly traded
financial services companies for institutional investors, is scheduled
for Wednesday, November 12th - Thursday, November 13th,
2014 at The Pierre Hotel in New York City. Signature Bank’s President
and Chief Executive Officer Joseph J. DePaolo as well as Executive Vice
President – Corporate and Business Development Eric R. Howell are
scheduled to partake in an analyst-led fireside chat on Thursday,
November 13th, 2014 at 8:00 a.m. local time. The forum will
focus on the Bank’s operations and strategy. Each participating company
is scheduled for a 40-minute presentation, which includes a question and
answer session.
A webcast of Signature Bank’s presentation will be available on November
13, 2014 (one hour after the conclusion of the presentation) and can be
viewed by accessing http://www.veracast.com/webcasts/baml/banking2014/id61201270566.cfm.
It will be archived for approximately 90 days.
About Bank of America
Bank of America is one of the world's largest financial institutions,
serving individual consumers, small and middle-market businesses and
large corporations with a full range of banking, investing, asset
management and other financial and risk management products and services.
About Signature Bank
Signature Bank, member FDIC, is a New York-based full-service commercial
bank with 27
private client offices throughout the New York metropolitan area,
including those in Manhattan, Brooklyn, Westchester, Long Island,
Queens, the Bronx and Staten Island. 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 as well as
transportation and taxi medallion financing. 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 $26.0
billion in assets, $21.3 billion in deposits, $2.40 billion in equity
capital and $3.24 billion in other assets under management as of
September 30, 2014. Signature Bank's Tier 1 and risk-based capital
ratios are significantly above the levels required to be considered well
capitalized.
In 2014, the Bank was named second
best bank in America by Forbes and the only large cap bank to
appear on Forbes’ list of America’s
50 Most Trustworthy Financial Companies. Furthermore, Signature Bank
was voted Best Business Bank by the New
York Law Journal in the publication’s fifth
annual reader survey; named the nation’s fifth top-performing bank
by ABA
Banking Journal; and, ranked seventh on Bank Director
magazine’s 2014 Bank
Performance Scorecard for banks with assets between $5 and $50
billion.
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.
Copyright Business Wire 2014