Signature Bank to Participate in the Goldman Sachs 2021 US Financial Services Conference

Rhea-AI Summary

Signature Bank (Nasdaq: SBNY) announced its participation in the Goldman Sachs US Financial Services Conference taking place from December 7-9, 2021. The bank's CEO, Joseph J. DePaolo, and COO, Eric R. Howell, will present in a fireside chat format on December 8 at 11:20 AM ET. A live webcast of the session will be available, with replays accessible within 24 hours and archived for a year. As of September 30, 2021, Signature Bank held $107.85 billion in assets and $95.57 billion in deposits, ranking 22nd among U.S. banks.

NEW YORK--(BUSINESS WIRE)-- Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that its management plans to present at the upcoming Goldman Sachs 2021 US Financial Services Conference.

The conference is scheduled for Tuesday, December 7^th - Thursday, December 9^th, 2021 at the Conrad Hotel in New York City. Signature Bank’s President and Chief Executive Officer Joseph J. DePaolo as well as Senior Executive Vice President and Chief Operating Officer Eric R. Howell will present in an analyst-led fireside chat format on Wednesday, December 8^th at 11:20 a.m. Eastern Time. The 35-minute session includes questions and answers.

The live web cast as well as the replay of Signature Bank’s presentation can be accessed here. The replay will be available within 24 hours of the conclusion of the presentation. It will be archived for 365 days here.

About Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services.

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 $107.85 billion in assets as of September 30, 2021. With $95.57 billion in deposits at third quarter-end 2021, Signature Bank placed 22^nd 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/20211201005188/en/

Investor Contact:

Brian Wyremski, Vice President - Investor Relations & Corporate Development

646-822-1479, bwyremski@signatureny.com

Media Contact:

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

Source: Signature Bank

FAQ

What is the date of Signature Bank's presentation at the Goldman Sachs US Financial Services Conference?

Signature Bank will present on December 8, 2021, at 11:20 AM ET.

Who from Signature Bank will be speaking at the conference?

CEO Joseph J. DePaolo and COO Eric R. Howell will be speaking.

How can I access the webcast of Signature Bank's presentation?

The live webcast and replay can be accessed through Signature Bank's presentation page.

What are Signature Bank's total assets and deposits as of September 30, 2021?

As of September 30, 2021, Signature Bank reported $107.85 billion in assets and $95.57 billion in deposits.

How does Signature Bank rank among U.S. banks based on deposits?

Signature Bank ranks 22nd on S&P Global's list of the largest banks in the U.S. by deposits.