Signature Bank honored by NY Law Journal survey

Signature Bank was named in the Best Business Bank, Best Private Bank and Best Attorney Escrow Services Provider categories of the New York Law Journal's third annual survey and rankings. Signature Bank ranked third in both the Best Business Bank and Best Private Bank listings and second in the Best Attorney Escrow Services Provider category. This is the third year that the bank has ranked in the Business Bank category; the second in the Private Bank and the first as Attorney Escrow Services Provider. The rankings, which appeared in the September 10, 2012 issue of this leading New York-area legal publication, include reader opinions spanning 63 categories of a range of services to the New York legal community. They were the result of the Journal surveying its print and online subscribers for the third consecutive year. This year, 6,800 votes were cast, surpassing the prior year's totals by more than 50 percent. Each subscriber was provided an official ballot with an opportunity to write in additional candidates for consideration that were not listed on that ballot. While the rankings are not a scientific survey of the marketplace but rather convey the purely democratic process that was conducted, the results represent the candid opinions of New York Law Journal readers. "For the third consecutive year, Signature Bank has earned some of the highest marks possible in the New York Law Journal's annual survey. This year, the bank ranked in the top three across those categories most relevant to our client focus," said Joseph DePaolo, Signature Bank president and CEO. "Our single-point-of-contact approach and emphasis on true, relationship banking allows us to effectively compete with the city's mega-banks. Clearly, readers of the New York Law Journal recognize this, as our client mix includes many law firms. We appreciate those that took time to vote for Signature Bank, based on our differentiated service commitment, and also thank our growing network of private client banking teams who expend tireless efforts catering to our clients. We also extend gratitude to the New York Law Journal for this prominent ranking," DePaolo said. Signature Bank, member FDIC, is a New York-based full-service commercial bank with 25 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. Since commencing operations in May 2001, the Bank has grown to $15.9 billion in assets, $13 billion in deposits, $1.5 billion in equity capital and $1.70 billion in other assets under management as of June 30, 2012. Signature Bank's Tier 1 and risk-based capital ratios are significantly above the levels required to be considered well capitalized.