NEW YORK--(BUSINESS WIRE)--Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that it ranked 21st on Crain’s New York Business’ 2011 Best Places to Work in New York City list. Crain’s selected the top 50 best places to work in New York City from among thousands of employers throughout the area.
This marks the first year Signature Bank was named to the fourth annual Crain’s Best Places to Work in New York City list, which recognizes outstanding employers throughout New York’s five boroughs. Signature Bank is the only bank to rank on the 2011 annual list and in the past two years as well.
Best Places to Work companies were selected by Crain’s via a third-party reporting and survey process whereby a percentage of employees were required to respond in an effort to ascertain their candid, private opinions about their employer and workplace.
The Crain’s 2011 Best Places to Work in New York City list was included in the December 5-11, 2011 print edition of Crain’s New York Business and was also posted online.
“When we established the client-centric model for Signature Bank more than a decade ago, we realized that delivering superior client service required committed and engaged colleagues – those who would be proud to be part of the culture we were creating. We set out to build an environment based on mutual respect and communication, and to this day, the hallmark of Signature Bank has always been our single-point-of-contact approach where our banking teams cater to their clients. It is this model that truly differentiates Signature Bank among both colleagues and clients,” explained President and Chief Executive Officer Joseph J. DePaolo. “We are honored that Crain’s acknowledged the type of environment we have cultivated, and thank all our colleagues for their hard work and unrelenting commitment to their clients and to Signature Bank,” DePaolo said.
“Now, the secret to Signature Bank’s success is out. Our greatest asset and source of strength are our nearly 750 colleagues. Management’s job is to provide a culture in which our team can thrive. This makes our colleagues happiest because they are enabled to deliver the best client service possible without distractions. And, it makes our clients happy because they receive this extraordinary service,” stated Scott A. Shay, Chairman of the Board.
Results of the Crain’s 2011 Best Places to Work in New York City were revealed at a luncheon at the Sheraton New York in New York City on Friday, December 2, 2011 with approximately 350 in attendance.
About Signature Bank
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 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 25 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 (6) - 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 (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 $13.9 billion in assets, $11.2 billion in deposits, $1.37 billion in equity capital and $1.7 billion in other assets under management as of September 30, 2011. 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, competition, 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 clients, loans, deposits, 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.