Signature Bank Ranks on Forbes Blockchain 50 2022 List for Fourth Consecutive Year

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NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced its appearance on Forbes’ Blockchain 50 List 2022, which tracks the use of blockchain technologies around the world. Signature Bank is one of seven companies (and one of two banks) to make the list every year since the inaugural ranking was published in Forbes in 2019. In the list released recently this year, Forbes dubbed these companies theseven magnificent.”

Signature Bank was the first FDIC-insured bank (along with its technology partner, Tassat) to launch a blockchain-based digital payment platform. His Bookmark™ enables the Bank’s business customers to make real-time payments in US dollars, 24 hours a day, 7 days a week, 365 days a year. It was also the first to be approved by the New York State Department of Financial Services.

“We were at the forefront of banking technology when we started serving digital asset customers in 2018 and then when we launched Signet in 2019. We continue to advance and integrate technology into our banking offering. commercial banking services to help improve our customers’ businesses. . It is our foresight about the influence of technology on the banking industry as well as the progress we have made and our pioneering position that has continually been captured by Forbes since she introduced her Blockchain 50 list,” said Signature Bank President and CEO Joseph J. DePaolo.

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 Connecticut, California and North Carolina. 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 commencing operations in May 2001, Signature Bank has grown to $118.45 billion in assets as of December 31, 2021. With $106.13 billion in deposits as of year-end 2021, Signature Bank has placed 22n/a to 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. Bookmark™ enables business customers to make real-time payments in US dollars, 24/7/365 and was also the first solution to be approved for use by the NYS Department of Financial Services.

For more information, please visit https://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. You should not place undue reliance on such statements as they are subject to many risks. and uncertainties relating to our business 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 made by us, whether held in portfolio or sold in the general secondary loan markets, which may materially affect the charge-off levels 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.

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