Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that Alan Roth has joined the Bank as a private client banking Group Director and Senior Vice President. Roth brings with him to Signature Bank three long-standing colleagues, and this top deposit-gathering team will be based out of the Bank’s 261 Madison Avenue office (at 39th Street) in Manhattan.
Roth spent seven years with North Fork Bank (now Capital One Bank) as Senior Vice President, where he lead a private client banking team that continually ranked as the top deposit gatherer. They were based out of the 424 Madison Avenue branch (at 49th Street) in Manhattan. The team specialized in forging and maintaining relationships with some of New York City’s top real estate developers and management companies as well as entities engaged in the food industry.
Prior to banking, Roth had established a 15-year career in commercial real estate, serving as a tenant representative broker for Julian Studley in New York City and as a Vice President of Leasing for Witkoff Group, also in Manhattan.
The Bank also named Katherine Mulvey Group Director and Vice President and both Blerina Limaj and Celena Mangelli Associate Group Directors and Vice Presidents.
Mulvey was at North Fork Bank for almost 10 years, most recently serving as Vice President, Private Banking, where she cultivated new commercial business relationships and managed the team’s client base.
Limaj was Assistant Treasurer and a Private Client Banking Associate at the same location of the former institution. She began her career there six years ago and, since joining Roth’s team, earned several promotions.
Mangelli also spent more than six years at that institution, most recently serving as Assistant Vice President-Private Banking at the 424 Madison Avenue location. She too received several promotions while serving on Roth’s team.
“Signature Bank is extremely focused on the client relationship and will provide us with a platform to deliver the level of service to which our clients have grown accustomed. Signature Bank will afford me and my team the agility to meet our clients’ needs quickly and easily while offering them the necessary tools they require to successfully operate their businesses without getting bogged down in the big bank maze of roadblocks. Signature Bank has recently emerged as the 10th largest bank in New York City, according to a recent Crain’s New York Business ranking, and they offer all the products, service, support and financial strength essential for us to succeed as a private client banking team here. The team is excited to bring our expertise to Signature Bank, and share its client-centric vision,” Roth said.
Joseph J. DePaolo, Signature Bank’s President and Chief Executive Officer, commented: “We continue to seize opportunities to take advantage of the changing New York financial services marketplace. Alan and his team have a stellar reputation in banking here, and we are pleased about their joining our growing private client banking network. Banking professionals are increasingly recognizing that at Signature Bank, they have autonomy, flexibility and support, all of which are paramount to serving their clients. At our institution, bankers are able to provide the single-point-of-contact approach clients are seeking, which is truly the key to forging long and successful banking relationships. We welcome Alan, Katherine, Blerina and Celena to the Bank.”
About Signature Bank
Signature Bank, member FDIC, is a New York-based full-service commercial bank with 21 private client offices located in the New York metropolitan area, serving 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 NASD/SIPC.
Signature Bank's 21 offices are located throughout the metropolitan New York area. In Manhattan - 261 Madison Avenue; 300 Park Avenue; 71 Broadway; 565 Fifth Avenue; 950 Third Avenue; 200 Park Avenue South and 1020 Madison Avenue. 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; 58 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 and 78-27 37th Avenue, Jackson Heights. Bronx - 421 Hunts Point Avenue, Bronx.
Since commencing operations in May 2001, the Bank has grown to $5.82 billion in assets, $4.59 billion in deposits, $433.0 million in equity capital and $3.66 billion in other assets under management as of March 31, 2008.
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, new private client team hires, new office openings 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 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 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.
Contacts:
Investor Contact:
Eric
R. Howell, 646-822-1402
Chief Financial Officer
ehowell@signatureny.com
or
Media
Contact:
Susan J. Lewis, 646-822-1825
slewis@signatureny.com
