NEW YORK--(BUSINESS WIRE)--Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today the appointment of a new private client banking team. To date this year, five private client banking teams have joined the Bank.
Kevin W. Macpherson was appointed Group Director and Senior Vice President, along with colleagues Tracey Capobianco and Marion L. Ege, both of whom were named Associate Group Director and Vice President. The team will be based out of Signature Bank’s Woodmere, Long Island, New York private client banking office.
Macpherson and his team, who have worked together for 10 years, join from HSBC’s Rockville Centre, Long Island branch. Macpherson, with four decades of banking experience, most recently served as Vice President-Branch Manager there, focused on serving professional services clients. He spent 34 years at JP Morgan Chase as Vice President-Branch Manager at various locations throughout Long Island and Queens.
Capobianco, with banking expertise spanning two decades, was previously a Premier Relationship Manager at her former institution, working also at Massapequa, Long Island branch in addition to Rockville Centre. In this role, she managed portfolios of high-net-worth clients across both locations. Prior, Capobianco spent 16 years as Vice President-Branch Manager at JP Morgan Chase in Long Beach, Long Island.
Ege, with 20 years of experience in banking, spent 5½ years at the same HSBC branch, where she served as Vice President and Business Relationship Manager, catering to a commercial clientele. She had spent four years as a Small Business Relationship Manager at JP Morgan Chase, also in Rockville Centre.
“Kevin and his team bring an impressive eight decades of combined financial services experience to our franchise. They have been dedicated to serving Long Island businesses and professional services organizations as well as high-net-worth individuals for many years. Their deep-rooted relationships in the community and commitment to client care will further cement our established presence across Long Island,” Joseph J. DePaolo, President and Chief Executive Officer at Signature Bank said.
“It is important to note that for 2011, we have already appointed five teams in just the first four months of the year. The mega-banks' continued ‘institutionalizing’ of clients affords Signature Bank tremendous opportunity to attract veteran bankers seeking a much more personalized platform from which they can cater to their clients,” DePaolo confirmed.
Macpherson noted that his teams’ interest in joining Signature Bank lies in their ability to provide highly personalized service to clients with the team acting as a single point of contact. “Signature Bank’s model is the epitome of true relationship banking. The personal contact and service we can bring clients from here will allow us to better assist them in growing their businesses while meeting their financial goals and objectives,” Macpherson commented.
About Signature Bank
Signature Bank, member FDIC, a New York-based full-service commercial bank with 24 private client offices throughout the New York metropolitan area, serves the needs of privately owned businesses, their owners and senior managers through dozens of private client groups. The Bank offers a wide variety of business and personal banking products and services as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC.
Signature Bank's 24 offices are located: In Manhattan - 261 Madison Avenue; 300 Park Avenue; 71 Broadway; 565 Fifth Avenue; 950 Third Avenue; 200 Park Avenue South; 1020 Madison Avenue and 50 West 57th Street. Brooklyn - 26 Court Street; 84 Broadway and 6321 New Utrecht Avenue. Westchester - 1C Quaker Ridge Road, New Rochelle and 360 Hamilton Avenue, White Plains. Long Island - 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 - 36-36 33rd Street, Long Island City; 78-27 37th Avenue, Jackson Heights and 8936 Sutphin Blvd., Jamaica. Bronx - 421 Hunts Point Avenue, Bronx. Staten Island - 2066 Hylan Blvd.
Since commencing operations in May 2001, the Bank has grown to $12.4 billion in assets, $10.2 billion in deposits, $992.9 million in equity capital and $1.84 billion in other assets under management as of March 31, 2011. Signature Bank’s Tier 1 and risk-based capital ratios are significantly above the levels required to be considered well capitalized.
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. Forward-looking statements include information concerning our future results, interest rates and the interest rate environment, loan and deposit growth, loan performance, operations, competition, capitalization, new private client team hires, new office openings, the regulatory environment and business strategy. These statements often include words such as "may," "believe," "expect," "anticipate," "intend," "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 and regulatory conditions; (ii) changes in interest rates, loan demand, real estate values and competition, which can materially affect origination levels and gain on sale results in our business, as well as other aspects of our financial performance; (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; and (iv) competition for clients, loans, deposits, qualified personnel and desirable office locations. 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.