Signature Bank Announces Availability of Materials for 2022 Annual Shareholders’ Meeting and Special Meeting of Holders of Series A Preferred Stock

Rhea-AI Summary

Signature Bank (Nasdaq: SBNY) announced the availability of its proxy materials for the 2022 Annual Meeting of Shareholders, set for April 27, 2022, at 9:00 a.m. ET. Shareholders on record as of March 8, 2022 can vote. The meeting will also include a special session for the Bank's 5.000% Noncumulative Perpetual Series A Preferred Stock. Proxy statements along with the 2021 Annual Report will be provided to record shareholders and are accessible via the Bank's website.

Positive

• The Annual Meeting allows shareholders to engage with the bank's governance.
• The inclusion of preferred stock voting highlights transparency in corporate actions.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Signature Bank (Nasdaq:SBNY), a New York-based, full-service commercial bank, announced today the Bank’s proxy materials for its 2022 Annual Meeting of Shareholders are now available and also can be viewed via the Internet. The meeting will also constitute a special meeting of Signature Bank’s 5.000% Noncumulative Perpetual Series A Preferred Stock.

The record date for determination of shareholders entitled to vote at the 2022 Meeting is March 8, 2022. A proxy statement with more information will be sent to shareholders of record along with a 2021 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 2022 Meeting will be held on Wednesday, April 27, 2022 at 9:00 a.m. (Eastern Time) at 1400 Broadway, New York, NY, 10018.

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, as well as those in Connecticut, 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 reached $118.45 billion in assets as of December 31, 2021. With $106.13 billion in deposits at year-end 2021, Signature Bank placed 19^th on S&P Global’s list of the largest banks in the U.S., based on deposits.

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. 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 expectations regarding 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, business strategy and the impact of the COVID-19 pandemic on each of the foregoing and on our business overall. Forward-looking 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 affect charge-off levels and required credit loss reserve levels; (iv) changes in monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; (v) changes in the banking and other financial services regulatory environment; (vi) our ability to maintain the continuity, integrity, security and safety of our operations and (vii) competition for qualified personnel and desirable office locations. All of these factors are subject to additional uncertainty in the context of the COVID-19 pandemic, which is having an unprecedented impact on all aspects of our operations, the financial services industry and the economy as a whole. Additional risks are described in our quarterly and annual reports filed with the FDIC. Although we believe that these forward-looking statements are based on reasonable assumptions, beliefs and expectations, if a change occurs or our beliefs, assumptions and expectations were incorrect, our business, financial condition, liquidity or results of operations may vary materially from those expressed in our forward-looking statements. You should keep in mind that any forward-looking statements made by Signature Bank speak only as of the date on which they were made. New risks and uncertainties come up from time to time, and we cannot predict these events or how they may affect the Bank. Signature Bank has no duty to, and does not intend to, update or revise the forward-looking statements after the date on which they are made.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220318005004/en/

Investor Contact:

Brian Wyremski, Senior Vice President and Director of Investor Relations and Corporate Development

646-822-1479, bwyremski@signatureny.com

Media Contact:

Susan Turkell Lewis, 646-822-1825, slewis@signatureny.com

Source: Signature Bank

FAQ

When is Signature Bank's 2022 Annual Meeting of Shareholders?

Signature Bank's 2022 Annual Meeting of Shareholders will be held on April 27, 2022.

What is the record date for voting at Signature Bank's Annual Meeting?

The record date for determining shareholders entitled to vote is March 8, 2022.

Where can I find Signature Bank's proxy materials?

The proxy materials for Signature Bank's 2022 Annual Meeting can be viewed on their investor relations website.

What time is Signature Bank's Annual Meeting scheduled?

The Annual Meeting of Signature Bank is scheduled for 9:00 a.m. Eastern Time.

What special session will be included in Signature Bank's Annual Meeting?

The meeting will include a special session for Signature Bank’s 5.000% Noncumulative Perpetual Series A Preferred Stock.