SIGNATURE BANK (NY) - SBNY STOCK NEWS

Signature Bank (Nasdaq: SBNY) announced its participation in the Wells Fargo Securities Virtual Financial Services Investor Conference, scheduled for May 19-20, 2021. CEO Joseph J. DePaolo and Senior EVP Eric R. Howell will present on May 19 at 10:40 AM ET. The presentation, including a Q&A session, will be accessible via a live video web cast, with replay available for 180 days. As of March 31, 2021, Signature Bank reported $85.4 billion in assets and $74.0 billion in deposits, ranking 22nd among U.S. banks by deposits.

Signature Bank (Nasdaq: SBNY), a New York-based commercial bank, announced several key management changes to support its growth. Mark Sigona, Chief Operating Officer, and Peter Quinlan, Treasurer, will retire on June 30, 2021. Eric R. Howell will assume the COO role, while Stephen Wyremski will be promoted to Chief Financial Officer. Keisha Hutchinson joins as Chief Risk Officer from KPMG. Other promotions include Vito Susca to Chief Administrative Officer and Catherine Donald-Grove to Chief Products Officer. These transitions reflect the bank's commitment to maintaining strong leadership.

Signature Bank (Nasdaq: SBNY) reported a robust first quarter for 2021, with net income soaring to $190.5 million ($3.24 per share), marking a significant increase from $99.6 million ($1.88 per share) in Q1 2020. This growth is attributed to a rise in net interest income, totaling $406.5 million, and an impressive deposit increase of $10.66 billion. The bank's total assets reached $85.38 billion, up 60.9% from the previous year. Additionally, the bank raised $707.8 million in common stock for growth initiatives, while continuing to pay dividends of $0.56 per share to common shareholders.

Circle, a fintech firm, has selected Signature Bank (Nasdaq: SBNY) as its primary financial institution for managing billions in reserves associated with USD Coin (USDC), the rapidly growing digital dollar. The partnership aims for a long-term technical integration into Signature's blockchain-based Signet platform, enhancing real-time payment capabilities for customers. With USDC's market cap exceeding $13 billion and a growth rate of $300 million in new circulation weekly, this collaboration is expected to bolster Signature Bank's digital asset leadership and attract further financial partnerships.

Signature Bank (Nasdaq: SBNY), a full-service commercial bank located in New York, will host a conference call on April 21, 2021, at 10:00 AM ET. The call aims to review the bank's first quarter results for the period ended March 31, 2021. Financial results will be published before markets open on the same day. President Joseph J. DePaolo and Senior EVP Eric R. Howell will lead the discussion. Participants can dial in at 866-359-8135. The call can also be accessed via the bank's website for live and archived listening.

Signature Bank (Nasdaq: SBNY) announced the availability of its proxy materials for the 2021 Annual Meeting of Shareholders, scheduled for April 22, 2021. The record date for determining eligible voters is March 3, 2021. Shareholders will receive a proxy statement alongside the 2020 Annual Report, both accessible through the Bank’s investor relations section online. Signature Bank, headquartered in New York, holds $73.9 billion in assets and is among the top 40 banks in the U.S. based on deposits, which reached $63.3 billion as of December 31, 2020.

Signature Bank (Nasdaq: SBNY) announced its participation in the Wells Fargo Bank and Tech Pop Up Virtual Conference on March 4-5, 2021. CEO Joseph J. DePaolo and key executives will present on March 5 at 11:00 AM ET, engaging in a 45-minute fireside chat. This event highlights the impact of technology on the banking sector. Interested viewers can access a live video webcast and replay of the presentation here, available for 30 days.

Signature Bank (Nasdaq: SBNY) announced its participation in the 22nd Annual Credit Suisse Virtual Financial Services Forum from February 24-26, 2021. CEO Joseph J. DePaolo and Executive VP Eric R. Howell will present on February 24 at 11:20 a.m. ET in a video fireside chat format, which will last 40 minutes and include a Q&A session. The presentation will be available live and as a replay within 12 hours, archived for approximately one year. Signature Bank, with $73.9 billion in assets, is a prominent commercial bank in the U.S.