Company
Signature Bank
Headquarters: New York, NY, United States
Founded: 2001
Employees: 1,854
CEO: Mr. Joseph John DePaolo
Market Cap
$10.8 Million
USD as of Jan. 1, 2024
Signature Bank Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Top Competitors by Market Capitalization
Industry: Banks—Regional
| Company | Market Cap (USD) |
|---|---|
| HDFC Bank | $167.72 B |
| China Merchants Bank | $98.57 B |
| Al Rajhi Banking and Investment Corp | $93.33 B |
| ICICI Bank Limited | $83.47 B |
| BNP Paribas SA | $80.01 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Signature Bank provides commercial banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products. The company also offers loan products comprising commercial and industrial loans; real estate loans; temporary financing for commercial and residential properties; and letters of credit, as well as asset-based lending, mortgage warehouse lending, small business administration (SBA) loans, and credit card accounts. In addition, it provides investment, brokerage, and asset management products and services; retirement products, such as individual retirement accounts and administrative services for retirement vehicles, which include pension, profit sharing, and 401(k) plans to its clients, as well as business retirement accounts; and financing and leasing products comprising equipment, transportation, taxi medallion, commercial marine, and municipal and national franchise financing and leasing services. Further, the company offers wealth management services to high-net-worth personal clients; a range of individual and group insurance products, including health, life, disability, and long-term care insurance products as an agent; foreign currency products; and Signet, a digital payments platform. Additionally, it purchases, securitizes, and sells guaranteed portions of the U.S. SBA loans. As of December 31, 2021, the company operated 37 private client offices located in the New York metropolitan area, Connecticut, California, and North Carolina. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.
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$10,000 in April 2023 would now be $39,872 by following this algorithm daily at market close.
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Stocks & Indices
Signature Bank has the following listings and related stock indices.
Stock: NASDAQ: SBNY wb_incandescent
Stock: FSX: TQJ wb_incandescent
Key People
Scott Shay (chairman) Joseph J. De Paolo (president, CEO) John Tamberlane (vice chairman and director)
Financials
Net income: US$918 million (2021)
Total assets: US$118 billion (2021)
Total equity: US$6.84 billion (Q2 2021)