“Our relationship-based, single-point-of-contact model, coupled with our healthy balance sheet, once again led to the Bank earning many accolades this year, including being named among the top five banks in the U.S. by Forbes, Bank Director Magazine and the ABA Banking Journal. The foundation for our continued success lies in our core philosophy of maintaining a conservative and well-capitalized balance sheet for our depositors. Depositor safety has been -- and always will be – at the forefront of our business model,” DePaolo explained.Scott A. Shay, Chairman of the Board, added: "This past year we again demonstrated our consistency, discipline and reputation as the bank of choice for New York privately owned businesses, based on two hallmarks of our institution, namely, safety and service. In terms of safety, our capital ratios continue to be considerably higher than our mega-bank competitors. Additionally, our balance sheet is straightforward, enabling us to boast a very low non-performing asset ratio of 0.19 percent. This commitment to safety also allows clients to rest easy knowing their funds are secure in a credit worthy institution. Furthermore, our ability to distinguish the Bank in the marketplace through unparalleled service is a direct reflection of our dedicated, talented colleagues, who treat each client as their most important. We pledge to stand by these two pillars in 2013 and beyond.”
Signature Bank Reports 2012 Fourth Quarter And Year-End Results
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