Business & Finance
Business and Finance
Business and Finance
Thu, February 12, 2009Wed, February 11, 2009Tue, February 10, 2009Mon, February 9, 2009Fri, February 6, 2009Thu, February 5, 2009Wed, February 4, 2009Tue, February 3, 2009Signature Bank Names New Team to Its Rockville Centre Office
Published in Business and Finance on Monday, February 9th 2009 at 4:28 GMT, Last Modified on 2009-02-09 04:30:23 by Market Wire
NEW YORK--([ BUSINESS WIRE ])--Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today the appointment of a new private client banking team, which will be based out of the Bank's Rockville Centre office on Long Island.
Sandra G. Sapperstein was named Group Director and Senior Vice President. Joining her team are Stephen Bucki and Mary Gioia, both of whom were named Associate Group Directors and Vice Presidents. During the past several years of working together, they built a following in commercial banking, serving small business clients primarily throughout Long Island's Nassau County.
The team joins from Washington Mutual/JP Morgan Chase in Long Island. There, Sapperstein was Vice President, Business Relationship Manager overseeing four financial centers in Nassau County. She was the first to be named to this role in a new program introduced by her former institution. Her 25 years of financial services expertise lies mainly in relationship management for small business clients and commercial banking. Previously, Sapperstein was Vice President and Business Advisor at Greenpoint Bank in Hicksville, N.Y., where she supported the commercial business efforts of eight Nassau County branches as well as a team of business specialists. Sapperstein brings a significant knowledge base of Long Island commercial and small business banking to her new position.
Bucki, who brings 20 years of banking experience to Signature Bank, was most recently, Business Relationship Manager and Vice President, where he generated new commercial business and built relationships across four financial centers. Prior, he held the title of Business Development Officer and Vice President at HSBC in Melville.
Gioia, with a 15-year banking career, was also a Business Relationship Manager and Vice President responsible for serving and acquiring business clients. She was a top-performer in client acquisition for 10 consecutive years. Previously, she was a Premier Relationship Manager and Vice President at HSBC in Mineola, handling commercial clients. Gioia has garnered significant experience working with professional services firms such as lawyers, medical practices and accountants.
"We are pleased to appoint our first team in 2009. Sandra and her team are a good fit for our private client banking network in that they have been completely focused on building and serving commercial and small business banking clients while at their former institutions. This emphasis complements our relationship-based model and will help to strengthen our presence throughout Long Island, where they have spent years entrenched in that marketplace," Joseph J. DePaolo, president and chief executive officer.
Sapperstein commented on her team joining the Bank: "We look forward to bringing our commercial banking experience to Signature Bank where our team can serve as a single point of contact for our clients. Signature Bank allows us to bring clients all the products and services they need while providing very personalized financial care. Clients appreciate this direct line of communication and commitment to service, which helps them to better manage their businesses."
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 $7.19 billion in assets, $5.39 billion in deposits, $698 million in equity capital and $2.7 billion in other assets under management as of December 31, 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.
