Signature Bank releases its 2021 Social Impact Report with a focus on “Looking Ahead. Giving Back.”

NEW YORK, July 12, 2022–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a full-service national commercial bank based in New York City, today announced the launch of its 2021 Social Impact Report.

The Bank’s third report dedicated to environmental, social and governance (ESG) issues, titled “Looking Forward. Giving Back.”, echoes the Bank’s Statement of Intent which was adopted after its twentieth anniversary in 2021 This official principle has been brought to life through the growth of Signature Bank’s formal social impact programs; an ongoing commitment to corporate governance and ethical progress; and an unwavering dedication to customers and colleagues.

The report presents a comprehensive review of the Bank’s social impact activities in 2021, as well as a look back at the Bank’s 20-year history and timeline since its inception. In addition to outlining Signature Bank’s social impact priorities, the report provides details on the Bank’s drive to become more equitable through enhanced talent acquisition efforts, as well as a breakdown of philanthropic activities. of the Bank and his colleagues; how Signature Bank leads change through conscientious lending activities on social and environmental issues; the Bank’s strategy to operate a business model with a minimal footprint; and much more.

Highlights of the report include:

  • A look back at the new career development initiatives put in place to train current colleagues as well as to attract new experienced talent. For example, the hiring of a Vice President, Director of Talent Acquisition and a Talent Diversity Program Manager to support the Bank’s goal of building a more diverse and inclusive;

  • A breakdown of new Bank employee resource groups, including the Women’s Council created in 2021 and other groups launched in 2022;

  • Details of how Signature Bank colleagues have given back beyond monetary donations;

  • The announcement of the Bank’s new Go Green environmental impact loan program. As of December 31, 2021, Signature Bank had committed $100 million in eligible Go Green loans; and,

  • Use of the Sustainability Accounting Standards Board (SASB) framework for disclosure purposes.

Lisa Bond, Director of Social Impact and Senior Vice President, notes that “this report has been a labor of love for all who believe in Signature Bank’s mission. One of the reasons we continue to grow and maintain a strong governance and leadership structure is our demonstrated commitment. to strengthen community partnerships and attract a more diverse workforce. We will remain proactive in our approach to developing a social impact strategy, and I thank the many colleagues here who are helping us achieve this goal.

“In addition to being our 20th anniversary and a year to celebrate what we have accomplished, 2021 has also been the perfect time for us to demonstrate our growing responsibility as a corporate citizen,” said Joseph J. DePaolo, President and CEO. “Our third Social Impact Report does just that and is another showcase of our statement of purpose that is now ingrained in the DNA of our colleagues and hopefully our clients: ‘Looking Forward. Giving Back .'”

“I continue to be amazed at how far we’ve grown from humble beginnings to a more than $100 billion company,” said board chairman Scott A. Shay. “I am most proud, however, of our continued commitment to our colleagues, customers and communities. This report presents that story clearly and concisely for those audiences and shows how it will progress over the next twenty years and beyond. .”

The 2021 social impact report is available in the investor relations section from the Signature Bank website here.

About Signature Bank

Signature Bank (Nasdaq: SBNY), Member FDIC, is a New York-based full-service national commercial bank with 38 private client offices throughout the New York metropolitan area, as well as Connecticut, California, North Carolina and Nevada. 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 reached $121.85 billion in assets and $109.16 billion in deposits as of March 31, 2022. Signature Bank has placed 19e on S&P Global list of largest banks in the United States, based on deposits at the end of 2021.

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 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 the New York State.

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 hires private client teams, new office openings, business strategy and the impact of the COVID -19 pandemic on each of the above and our business as a whole. Forward-looking statements often include words such as “may”, “believe”, “expect”, “anticipate”, “intend”, “potential”, “opportunity”, “could”, “project “, “seeks”, “target”, “aim”, “should”, “fly”, “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 numerous events or factors possible, all of which are not known or within our control. These factors include, but are not limited to: (i) prevailing economic conditions; (ii) changes in interest rates, demand for loans , 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 banks and other financial services; (vi) our ability to maintain the continuity, integrity, safety and security 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 and the conflict in Ukraine, which are impacting 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.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220712006094/en/

contacts

Contact Investor:
Brian Wyremski, Senior Vice President and Director of Investor Relations and Corporate Development
646-822-1479, [email protected]

Media Contact:
Susan Turkell Lewis, 646-822-1825,
[email protected]

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