Signature Bank to Close the NASDAQ Stock Market (Business Wire)
Thu, 11 Jun 2009 20:04:00 Etc/GM
President and Chief Executive Officer Joseph J. DePaolo will preside over the NASDAQ Closing Bell. He will be joined by Scott A. Shay, Chairman of the Board and John Tamberlane, Vice Chairman along with other members of Signature Bank. The Closing Bell will take place at the NASDAQ MarketSite at 4 Times Square in New York.
The NASDAQ Stock Market has invited Signature Bank to host the Closing Bell ceremony in honor of its eighth business anniversary and fifth year as a public company. Signature Bank opened for business on May 1, 2001 and its shares have been trading on The NASDAQ Stock Market since March 23, 2004, following the Bank’s initial public offering.
DePaolo commented on the Bank’s participation in the closing ceremony and its business anniversary, stating: “Since our inception eight years ago, we have worked to solidify our leadership position in the metro-N.Y. financial services arena. We have achieved this by focusing on serving the needs of privately owned businesses and by attracting and retaining veteran private client banking teams that offer clients a single-point of contact to meet all their needs. Over the years, we have also prudently managed and carefully structured our balance sheet while strengthening our capital position, which is now among the strongest in the industry.
“All of us at Signature Bank take this opportunity to thank NASDAQ for affording us the opportunity to recognize our growth and mark our anniversary by hosting the Closing Bell ceremony and for their support of our institution since our IPO,” DePaolo said.
To view the NASDAQ closing featuring Signature Bank President and CEO Joseph J. DePaolo go to http://www.nasdaq.com/reference/marketsite_about.stm. It is available from 3:50 to 4:05 PM EDT on Friday, June 12, 2009.
About Signature Bank
Signature Bank, member FDIC, is a New York-based full-service commercial bank with 22 private client offices located in the New York metropolitan area, serving the needs of privately owned businesses, their owners and senior managers through dozens of private client groups. The Bank offers a wide variety of business and personal banking products and services as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC.
Signature Bank's 22 offices are located throughout the metropolitan New York area. In Manhattan - 261 Madison Avenue; 300 Park Avenue; 71 Broadway; 565 Fifth Avenue; 950 Third Avenue; 200 Park Avenue South and 1020 Madison Avenue. Brooklyn - 26 Court Street; 84 Broadway and 6321 New Utrecht Avenue. Westchester - 1C Quaker Ridge Road, New Rochelle and 360 Hamilton Avenue, White Plains. Long Island - 1225 Franklin Avenue, Garden City; 279 Sunrise Highway, Rockville Centre; 68 South Service Road, Melville; 923 Broadway, Woodmere; 40 Cuttermill Road, Great Neck and 100 Jericho Quadrangle, Jericho. Queens - 36-36 33rd Street, Long Island City and 78-27 37th Avenue, Jackson Heights. Bronx - 421 Hunts Point Avenue, Bronx. Staten Island - 2066 Hylan Blvd.
Since commencing operations in May 2001, the Bank has grown to $7.43 billion in assets, $5.84 billion in deposits, $581.5 million in equity capital and $2.48 billion in other assets under management as of March 31, 2009. 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. Forward-looking statements include information concerning our future results, interest rates and the interest rate environment, loan and deposit growth, loan performance, operations, capitalization, new private client team hires, new office openings, the regulatory environment and business strategy. These statements often include words such as "may," "believe," "expect," "anticipate," "intend," "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 and regulatory conditions; (ii) changes in interest rates, loan demand, real estate values and competition, which can materially affect origination levels and gain on sale results in our business, as well as other aspects of our financial performance; (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; and (iv) competition for qualified personnel and desirable office locations. 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.
Contact:
Signature Bank Investor Contact: Eric R. Howell, 646-822-1402 Chief Financial Officer ehowell@signatureny.com or Media Contact: Susan J. Lewis, 646-822-1825 slewis@signatureny.com
source: http://biz.yahoo.com/bw/090611/20090611006040.html?.v=1