Signature Bank Announces Availability of Materials for 2021 Annual Shareholders’ Meeting

Rhea-AI Summary

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.

Positive

• Scheduled Annual Meeting on April 22, 2021, indicates ongoing shareholder engagement.
• Assets amounting to $73.9 billion showcase the Bank's strong financial position.
• Deposits of $63.3 billion as of December 31, 2020, reflect solid customer trust.

Negative

• None.

Signature Bank (Nasdaq:SBNY), a New York-based, full-service commercial bank, announced today the Bank’s proxy materials for its 2021 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, 2021. A proxy statement with more information will be sent to shareholders of record along with a 2020 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 2021 Annual Meeting of Shareholders will be held on Thursday, April 22, 2021 at 9:00 a.m. (Eastern Time) at 565 Fifth Avenue, New York, NY, 10017.

About Signature Bank

Signature Bank (Nasdaq: SBNY), member FDIC, is a New York-based, full-service commercial bank with 37 private client offices throughout the metropolitan New York area, including those in Connecticut as well as California and North Carolina. Through its single-point-of-contact approach, the Bank’s private client banking teams primarily serve the needs of privately owned businesses, their owners and senior managers.

The Bank has two wholly owned subsidiaries: Signature Financial, LLC, provides equipment finance and leasing; and, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC, offers investment, brokerage, asset management and insurance products and services.

Since commencing operations in May 2001, Signature Bank, with $73.9 billion in assets, is one of the top 40 largest banks in the U.S., based on deposits (S&P Global Market Intelligence). Deposits as of December 31, 2020 reached $63.3 billion.

Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payments platform. Signet™ allows commercial clients to make real-time payments in U.S. dollars, 24/7/365 and was also the first solution to be approved for use by the NYS Department of Financial Services.

For more information, please visit https://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. You should not place undue reliance on those statements because they are subject to numerous risks and uncertainties relating to our operations and business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information concerning our future results, interest rates and the interest rate environment, loan and deposit growth, loan performance, operations, new private client teams and other hires, new office openings, our business strategy and the impact of the COVID-19 pandemic on each of the foregoing and on our business overall. These statements often include words such as "may," "believe," "expect," "anticipate," "intend," “potential,” “opportunity,” “could,” “project,” “seek,” “target”, “goal”, “should,” “will,” “would,” "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 and can change as a result of many possible events or factors, not all of which are known to us or in our control. These factors include but are not limited to: (i) prevailing economic conditions; (ii) changes in interest rates, loan demand, real estate values and competition, any of which can materially affect origination levels and gain on sale results in our business, as well as other aspects of our financial performance, including earnings on interest-bearing assets; (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 aff

FAQ

What is the date of Signature Bank's 2021 Annual Meeting?

Signature Bank's 2021 Annual Meeting is scheduled for April 22, 2021.

When is the record date to vote at Signature Bank's Annual Meeting?

The record date for voting at Signature Bank's Annual Meeting is March 3, 2021.

Where can I access Signature Bank's proxy materials?

Proxy materials for Signature Bank can be accessed through their investor relations section on their website.

What were Signature Bank's total assets as of December 31, 2020?

Signature Bank had total assets of $73.9 billion as of December 31, 2020.

What was the deposit amount reported by Signature Bank at the end of 2020?

Signature Bank reported deposits of $63.3 billion as of December 31, 2020.