Signature Bank Announces Availability of Materials for 2020 Annual Shareholders’ Meeting

Signature Bank (Nasdaq:SBNY), a New York-based full-service commercial bank, announced today the Bank’s proxy materials for its 2020 Annual Meeting of Shareholders are now available and also can be viewed via the Internet.

The record date for determination of shareholders entitled to vote at the annual meeting is March 3, 2020. A proxy statement with more information will be sent to shareholders of record along with a 2019 Annual Report. Both documents will be available for viewing through the investor relations section of Signature Bank’s website at www.signatureny.com.

Signature Bank’s 2020 Annual Meeting of Shareholders will be held on Wednesday, April 22, 2020 at 9:00 a.m. (Eastern Time) at The Roosevelt Hotel, 45 East 45th Street, New York, NY, 10017, [phone].

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial bank with 31 private client offices throughout the New York metropolitan area and Connecticut as well as San Francisco. The Bank’s growing network of private client banking teams serves the needs of privately owned businesses, their owners and senior managers.

Signature Bank’s specialty finance subsidiary, Signature Financial, LLC, provides equipment finance and leasing. 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.

Signature Bank recently introduced its revolutionary, blockchain-based digital payments platform, Signet, enabling real-time payments for its commercial clients. The Signet Platform allows the Bank’s commercial clients to make payments in U.S. dollars, 24/7/365, safely and securely, without transaction fees. Signature Bank is the first FDIC-insured bank to launch a blockchain-based digital payments platform, and Signet is the first such platform to be approved for use by the NYS Department of Financial Services.

Since commencing operations in May 2001, the Bank has grown to $50.62 billion in assets, $39.11 billion in loans, $40.38 billion in deposits, $4.77 billion in equity capital and $3.67 billion in other assets under management as of December 31, 2019. Signature Bank's Tier 1 and risk-based capital ratios are significantly above the levels required to be considered well capitalized.