Mayor de Blasio Announces Donation From Signature Bank to Small Business Emergency Grant Program - Seite 2

“Small businesses impacted by looting are looking for the resources to help them recover and reopen and I am proud that additional funding has been added to assist them during this time,” said Jonnel Doris, Commissioner of the NYC Department of Small Business Services. “NYC means business and as many business owners look to us, I want to ensure they get the continued support they need.”

"As our city comes together to build a new future that is fairer and more equitable, it is vital that the small businesses that are crucial to our neighborhood identities receive the support they need to rebuild and thrive in that future," said Toya Williford, Executive Director of the Mayor's Fund to Advance New York City. "Through their hard work and ingenuity, small business owners have given so much to New York City. With the generosity of our partners, we're proud to extend a hand in solidarity and give back to them during this time."

"I want to thank Signature Bank for stepping up to the plate for the City of New York and small businesses during this incredibly crucial time. This is exactly the type of action that will help lead our small businesses and our City out of this difficult time,” said Council Member Andrew Cohen.

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.

Since commencing operations in May 2001, the Bank has grown to $53.07 billion in assets, $41.0 billion in loans, $42.24 billion in deposits, $4.76 billion in equity capital and $3.39 billion in other assets under management as of March 31, 2020. Signature Bank's Tier 1 and risk-based capital ratios are significantly above the levels required to be considered well capitalized.

Signature Bank is one of the top 40 largest banks in the U.S., based on deposits (S&P Global Market Intelligence). The Bank recently earned several third-party recognitions, including: appeared on Forbes' Best Banks in America list for the 10^th consecutive year in 2020; and, named number one in the Business Bank, Private Bank and Attorney Escrow Services categories by the New York Law Journal in the publication’s annual “Best of” survey for 2019, earning it a place in the New York Law Journal’s Hall of Fame (awarded to companies that have ranked in the “Best of” survey for at least three of the past four years). The Bank also ranked second nationally in the Business Bank, Private Banking Services and Attorney Escrow Service categories of both the 2019 and 2020 National Law Journal’s “Best of” survey.