Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today the appointment of a new private client banking team and the addition of a private client group director to an existing team. A three-person team led by newly appointed Group Directors and Senior Vice Presidents Lisa A. Etre and William McCarthy will be based in the Bank’s private client banking office in White Plains, N.Y. (Westchester). Etre and McCarthy, along with Senior Client Associate Jessica Ruiz, join from Hudson Valley Bank in Yonkers, N.Y., where they worked closely together. Having spent 23 years at that institution, Etre spent the past 10 years as Vice President and Relationship Manager, focused on servicing small and middle market companies throughout Westchester County, Manhattan and the Bronx, which included a wide range of professional and small business entities. Previously, she held a variety of positions, including several lending roles. McCarthy, with four decades of banking experience, most recently was Vice President, Relationship Manager/Branch Manager there, where he was responsible for managing and growing a client portfolio as well as business development and management of the branch. Previously, he spent 11 years at Key Bank and its predecessor company, Union State Bank, also serving in relationship and business banking roles. Signature Bank also named Dennis J. Sheridan Group Director and Senior Vice President at the Signature Bank office located at 261 Madison Avenue, in midtown Manhattan where he will join one of the Bank’s existing private client groups. Sheridan spent the past 25 years at Valley National Bank’s midtown Manhattan branch, in close proximity on Madison Avenue, as Vice President and Branch Sales Manager. Sheridan’s primary focus of serving law firms and real estate entities complements the Bank’s emphasis in these areas as well. “This is the first time the Bank has attracted Group Directors from either of these institutions. The fact these professionals were drawn to Signature Bank from institutions we have not previously recruited from is indicative of the Bank’s broader and growing acceptance across the metro N.Y.-area’s banking marketplace,” said Joseph J. DePaolo, Signature Bank President and Chief Executive Officer.
“We are especially pleased to attract such quality, long-tenured individuals to Signature Bank. We welcome these new colleagues to our network and look forward to the contributions they will each make in their respective geographic areas and across various client specialties,” he said.About Signature Bank Signature Bank, member FDIC, is a New York-based full-service commercial bank with 25 private client offices throughout the New York metropolitan area. The Bank’s growing network of private client banking teams serves the needs of privately owned businesses, their owners and senior managers. Signature Bank offers a wide variety of business and personal banking products and services. The Bank operates Signature Financial, LLC, a specialty finance subsidiary focused on equipment finance and leasing, transportation financing and taxi medallion financing. Investment, brokerage, asset management and insurance products and services are offered through the Bank’s subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC. Since commencing operations in May 2001, the Bank has grown to $15.9 billion in assets, $13 billion in deposits, $1.5 billion in equity capital and $1.70 billion in other assets under management as of June 30, 2012. Signature Bank's Tier 1 and risk-based capital ratios are significantly above the levels required to be considered well capitalized. Signature Bank's 25 offices are located: In Manhattan (9) - 261 Madison Avenue; 300 Park Avenue; 71 Broadway; 565 Fifth Avenue; 950 Third Avenue; 200 Park Avenue South; 1020 Madison Avenue; 50 West 57th Street and 2 Penn Plaza. Brooklyn (3) - 26 Court Street; 84 Broadway and 6321 New Utrecht Avenue. Westchester (2) - 1C Quaker Ridge Road, New Rochelle and 360 Hamilton Avenue, White Plains. Long Island (6) - 1225 Franklin Avenue, Garden City; 279 Sunrise Highway, Rockville Centre; 68 South Service Road, Melville; 923 Broadway, Woodmere; 40 Cuttermill Road, Great Neck and 100 Jericho Quadrangle, Jericho. Queens (3) - 36-36 33rd Street, Long Island City; 78-27 37th Avenue, Jackson Heights and 8936 Sutphin Blvd., Jamaica. Bronx (1) - 421 Hunts Point Avenue, Bronx. Staten Island (1) - 2066 Hylan Blvd.
For more information, please visit 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 that are subject to risks and uncertainties. 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 future results, interest rates and the interest rate environment, loan and deposit growth, loan performance, operations, new private client team hires, new office openings and business strategy. These statements often include words such as "may," "believe," "expect," "anticipate," "intend," “potential,” “opportunity,” “could,” “project,” “seek,” “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. 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 and (vi) competition for qualified personnel and desirable office locations. As you read and consider forward-looking statements, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions and can change as a result of many possible events or factors, not all of which are known to us or in our control. 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. Additional risks are described in our quarterly and annual reports filed with the FDIC. 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. In light of these risks and uncertainties, you should keep in mind that any forward-looking statement made in this release or elsewhere might not reflect actual results.