This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Signature Bank Establishes Signature Financial, LLC Subsidiary, Marking Its Entry Into The Specialty Financing Arena

Stocks in this article: SBNY

Signature Bank (Nasdaq:SBNY), a New York-based full-service commercial bank, announced today that it has formed a new subsidiary, Signature Financial, LLC, marking the Bank’s entry into the specialty financing arena. Concurrently, the Bank appointed a major middle market team on Long Island while expanding its presence in Manhattan by adding one team and expanding another.

Signature Financial is a specialty finance company, focused on equipment finance and leasing, transportation financing and taxi medallion financing. Combined with the Bank’s current taxi medallion finance business, Signature Bank enhances its market position in this field.

A well-respected, veteran management team was appointed to lead Signature Financial, which will be based in Melville, Long Island. The team, whose management possesses more than 175 years of combined experience within specialty finance and has worked together for 25 years, will be led by Walter Rabin, who will join Signature Financial as President in June 2012, after a 90-day waiting period.

Additional members who have already joined Signature Financial are Richard J. Antonacci, with 25 years of specialty finance experience, who was named Chief Operating Officer and Executive Vice President; Anthony Fantauzzi, a seasoned financing executive with more than 30 years of commercial finance and banking experience, named Chief Risk Officer and Executive Vice President; Anthony Perettine, Executive Vice President, with nearly three decades spanning both commercial finance and banking; Joseph Fantauzzi, appointed Executive Vice President and Capital Markets Division Head, bringing 26 years of financing and leasing expertise to his new role; W. Kerry Mach, Senior Vice President and Director of Business Development, another 26-year banking and financing veteran specializing in middle market equipment leasing; and, Daniel Craffey, Senior Vice President and Director of Operations who has spent 15 years in the specialty finance industry.

Also joining Signature Financial are Steve Robbins as Director of Asset Management; Steve Jason as Director of Vehicle Finance; and, John Cetta as Director of Taxi Medallion Finance. Each bring more than 20 years of industry experience to Signature Financial.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs