DePaolo of Signature Bank named Ernst & Young Entrepreneur of the Year

According to Signature Bank, its president and CEO Joseph DePaolo received the Ernst & Young Entrepreneur Of The Year 2010 Award in the financial services category in Metro New York. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. DePaolo was selected by a panel of judges, and the award was presented at a gala event at the Marriott Marquis, Times Sq. on Tuesday, June 15. When accepting the award, DePaolo said, "It's all about the team, and the consistent and persistent delivery of the team-first message is key to leading any organization." DePaolo also reflected on Signature Bank's start. "Ten years ago, when we created the idea for Signature Bank and its focus on serving privately owned business, it all began with five employees and $50 million in assets. The bank has achieved remarkable growth since its inception, reaching nearly 650 employees and $10 billion in assets today," he said. Chairman of the board Scott Shay, said, "We congratulate Joe on this well deserved honor, and applaud his dedication and tenacity. All of us at Signature Bank deeply value his leadership and friendship." The Ernst & Young Entrepreneur Of The Year awards celebrate their 24th anniversary this year. The program honors exceptional entrepreneurs in such areas as innovation, financial performance and personal commitment to their businesses and communities. As a Metro New York award winner, DePaolo is now eligible for consideration for the Ernst & Young LLP Entrepreneur Of The Year 2010 national program. Joseph DePaolo, Signature