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On March 20, 2023, Flagstar Bank, N.A (“Flagstar”), the wholly owned subsidiary of New York Community Bancorp Inc. (“NYCB”), Hicksville, New York, acquired $12.9 billion of Signature Bank’s loans and assumed $38.4 billion in deposits. Flagstar also acquired all 40 of Signature’s branches, which are now operated under the Flagstar name. This announcement is a significant advantage to our clients and their business, as it highlights a partnership of like-minded, client-forward institutions. This transaction provides significant diversification and strength needed in today’s banking system while further advancing NYCB and Flagstar’s strategic plan to transition to a commercial bank model. It also unites the key assets of two banks with complementary strategies to create a commercial bank powerhouse. With this transaction, Flagstar will be one of the larger commercial banks in the country, with a fortress-like balance sheet, strong liquidity, and excellent asset quality metrics. The regulatory approval of the acquisition reflects the strength of the combined institution. Our clients will continue to be serviced by their Private Client Group in the same client-centric single-point-of-contact strategy. The company is headquartered in Hicksville, New York, with regional headquarters in Troy, Michigan and a presence in several major cities across the country. Our goal is to deliver a new energy in finance.

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Website http://www.signatureny.com
Ticker SBNY
Revenue $1.32 billion
Funding $257.2 million
Employees 1,075 (1,075 on RocketReach)
Founded 2001
Address 565 5th Ave, New York City, New York 10017, US
Phone (646) 822-1500
Technologies
JavaScript, HTML, PHP +91 more (view full list)
Category Banking, Finance, Financial Services, Investment Banking, Lending and Investments, Brokerage, Insurance
Web Rank 570446
Web Visits 81490
Keywords signature bank, signature bank ny, signature, signature bank new york, signature bank ceo
Competitors East West Bank, IDB Bank, NBT Bank, Northpointe Bank, Rockland Trust
SIC SIC Code 62 Companies, SIC Code 60 Companies
NAICS NAICS Code 5241 Companies, NAICS Code 522 Companies, NAICS Code 5221 Companies, NAICS Code 52 Companies, NAICS Code 524 Companies

Signature Bank Questions

The Signature Bank annual revenue was $1.32 billion in 2024.

Joseph DePaolo is the President and Chief Executive Officer, Director of Signature Bank.

1,075 people are employed at Signature Bank.

Signature Bank is based in New York City, New York.

The NAICS codes for Signature Bank are [5241, 522, 5221, 52, 524].

The SIC codes for Signature Bank are [62, 60].

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