Business & Finance
Business and Finance
Business and Finance
Wed, November 26, 2008
Tue, November 25, 2008 Signature Bank to Present at 2008 FBR Capital Markets Fall Investor Conference
NEW YORK--([ BUSINESS WIRE ])--Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that its management plans to present its corporate story at the upcoming 2008 FBR Capital Markets Fall Investor Conference.
The conference, designed to showcase a variety of publicly traded and privately held companies for institutional investors, is scheduled for Tuesday, December 2nd and Wednesday, December 3rd, 2008 at the Grand Hyatt Hotel in New York City. Signature Bank's President and Chief Executive Officer, Joseph J. DePaolo, is scheduled to present on Wednesday, December 3rd, 2008, from 9:15 A.M.-9:55 A.M. local time. The presentation will address the Bank's operations, growth plans and strategy.
A web cast of Signature Bank's presentation will be available on December 3rd, 2008 (beginning at the start time of the presentation) and can be viewed by accessing [ http://www.wsw.com/webcast/fbr22/sbny/ ]. It will be archived for 90 days.
The conference will serve as a platform for about 150 public and private companies spanning several industry sectors such as diversified industrials, energy and natural resources, financial services and real estate. Each participating company is scheduled for a 40-minute presentation, which includes a question and answer session.
FBR Capital Markets Corporation (FBR Capital Markets), a majority-owned subsidiary of Friedman, Billings, Ramsey Group, Inc., provides investment banking*, merger and acquisition advisory services*, institutional brokerage*, research*, asset management and private wealth services. FBR Capital Markets focuses capital and financial expertise on seven industry sectors: consumer, diversified industrials, energy and natural resources, financial institutions, insurance, real estate, and technology, media & telecom. FBR Capital Markets is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, Va.; Boston; Dallas; Houston; Irvine, Calif.; New York; San Francisco and London. For more information, please visit [ www.fbrcapitalmarkets.com ]. *Note: Friedman, Billings, Ramsey & Co., Inc.
About Signature Bank
Signature Bank, member FDIC, is a New York-based full-service commercial bank with 22 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 22 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; 68 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. Staten Island - 2066 Hylan Blvd.
Since commencing operations in May 2001, the Bank has grown to $6.70 billion in assets, $4.97 billion in deposits, $567.8 million in equity capital and $3.10 billion in other assets under management as of September 30, 2008. Signature Bank's Tier 1 and risk-based capital ratios are significantly above the levels required to be considered well capitalized.
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 the offering circular relating to the offering and 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.
