Signature Bank Announces Public Offering of Shares | News

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NEW YORK–(BUSINESS WIRE)–January 18, 2022–

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced a guaranteed offering of 2,100,000 shares of common stock. The Bank will also grant the underwriters a 30-day option to purchase up to 315,000 additional common shares. The Bank intends to use the proceeds of the Offering for general corporate purposes.

Goldman Sachs & Co. LLC, Morgan Stanley and Jefferies are acting as bookrunners for the offering.

Offer is subject to market conditions and other factors. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, and there will be no sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The offering of Common Shares may only be made by means of an offering circular.

Copies of the preliminary offer document can be obtained from

  • Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by phone: 1-866-471-2526, by fax: 212-902-9316 or by email [email protected] NY. email.gs.com;
  • Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Where
  • Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by phone: 1-877-821-7388 or by email [email protected]

The securities are not deposits and are not insured or approved by the FDIC. The securities are offered pursuant to an exemption from registration under the Securities Act of 1933 provided by Section 3(a)(2) of that Act.

About Signature Bank

Signature Bank (Nasdaq: SBNY), Member FDIC, is a New York-based full-service commercial bank with 37 private client offices throughout the New York metropolitan area, as well as those in Connecticut, California and North Carolina. North. With its single-point-of-contact approach, the Bank’s retail banking teams primarily serve the needs of private businesses, their owners and senior executives.

The Bank has two wholly owned subsidiaries: Signature Financial, LLC, which provides financing and equipment leasing; and, Signature Securities Group Corporation, a licensed broker-dealer, investment advisor and member FINRA/SIPC, offers investment, brokerage, asset management and insurance products and services.

Since beginning operations in May 2001, Signature Bank has reached $118.45 billion in assets as of December 31, 2021. With $106.13 billion in deposits as of the end of 2021, Signature Bank ranked 22nd on S&P Global list of largest banks in the United States, based on deposits.

Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payment platform. Signet™ enables business customers to make real-time payments in US dollars, 24 hours a day, 7 days a week, 365 days a year, and was also the first solution to be approved by the Department of Financial Services of New York State.

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 these statements as they are subject to numerous risks and uncertainties relating to our operations and our business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information regarding our expectations regarding future results, interest rate and interest rate environment, loan and deposit growth, loan performance, operations, new client teams private and other hires, new office openings, business strategy and the impact of the COVID-19 pandemic on each of the above and on our business generally. Forward-looking statements often include words such as “may”, “believe”, “expect”, “anticipate”, “intend”, “potential”, “opportunity”, “could”, “project “, “seek”, “target”, “goal”, “should”, “will”, “would”, “plan”, “estimate” or other similar expressions. When considering 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 and may change due to many possible events or factors, all of which are not known to us or within our control. 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 may materially affect origination levels and earnings on sales results in our business, as well as other aspects of our financial performance, including earnings on assets; (iii) the level of defaults, losses and prepayments on loans we have originated, whether held in portfolio or sold in all secondary loan markets, which may materially affect levels of allocation and required credit loss reserve levels; (iv) changes in the monetary and fiscal policies of the United States government, including the policies of the United States Treasury and the Board of Governors of the Federal Reserve System; (v) changes in the regulatory environment for banking and other financial services, (vi) our ability to maintain the continuity, integrity, security and safety of our operations and (vii) competition for qualified personnel and desirable office locations. All of these factors are subject to additional uncertainty in the context of the COVID-19 pandemic, which is having an unprecedented impact on all aspects of our operations, the financial services industry and the economy as a whole. Additional risks are described in our quarterly and annual reports filed with the FDIC. Although we believe these forward-looking statements are based on reasonable assumptions, beliefs and expectations, if anything changes or our beliefs, assumptions and expectations are incorrect, our business, financial condition, liquidity or results of operations could differ materially from those expressed in our forward-looking statements. You should keep in mind that any forward-looking statement made by Signature Bank speaks only as of the date on which it was made. New risks and uncertainties arise from time to time, and we cannot predict these events or their impact on the Bank. Signature Bank is under no obligation and does not intend to update or revise any forward-looking statements after the date on which they are made. Given these risks and uncertainties, you should keep in mind that any forward-looking statements made in this release or elsewhere may not reflect actual results.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220118006216/en/

CONTACT: For more information:

Brian Wyremski, Vice President – ​​Investor Relations and Corporate Development and

CEO

646-822-1479,[email protected]

Media Contact:

Susan Turkell Lewis

646-822-1825, [email protected]

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

SECTOR KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Signature Bank

Copyright BusinessWire 2022.

PUBLISHED: 01/18/2022 16:13 / DISK: 01/18/2022 16:13

http://www.businesswire.com/news/home/20220118006216/en

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