Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that its President and Chief Executive Officer Joseph J. DePaolo was named executive of the year in the accounting, banking and financial services category of the 10th Annual American Business Awards
. This resulted in DePaolo earning the gold Stevie ®Award for that category.
DePaolo received an honorary nomination to the best executive category. Each year, the Stevie Awards, sponsor of the world's premier business awards programs, automatically nominates a very few of America's best executives into The American Business Awards competition, and DePaolo was selected for the submission.
The American Business Awards are the nation’s premier business awards program. All organizations operating in the U.S. are eligible to submit entries including public and private, for-profit and non-profit, large and small. This year, more than 3,000 entries from companies of all sizes and in virtually every industry were submitted for consideration across 100+ categories.
“We are delighted that Joe was among the select handful of executives from across the country to be chosen as an honorary nominee, and subsequently, that the judges deemed him the gold winner in the banking category. He is truly a distinguished colleague, partner and leader. Joe he has made a significant contribution to the growth of relationship banking via Signature Bank,” noted Scott A. Shay, Chairman of the Board.
“Signature Bank has grown to more than $15 billion in assets, purely organically in just 11 years, by focusing on the relationship component of personal banking through its single-point-of-contact approach. I can attest that it’s not just Joe’s management skills which set him ahead of the pack, but also the level of dedication, commitment and passion that he brings to the Bank everyday, which is inspiring to all our colleagues. We thank the judges and the Stevie Awards for acknowledging Joe’s banking expertise with this prestigious recognition,” Shay concluded.