Signature Bank is an FDIC insured institution headquartered at
565 5th Ave, New York, NY 10017.
It was founded in
2001 and has approximately $116 billion in
assets. Customers can open an account at one of its 32 branches.
Renovation-specific home equity loans based on the AFTER renovation value
Borrow up to 90% of your future home value to finance renovations
Loans up to $500k with competitive rates from Credit Unions
No draws, inspections, or first mortgage refinancing needed
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
97% of borrowers would recommend to friends or family
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Public Note:
Bank placed under FDIC receivership on Mar 12, 2023.
March 13, 2023
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 57053
Date Established
2001
Assets
$ 115.97 billion
Loans
$ 74.39 billion
Deposits
$ 88.61 billion
Capital
$ 8.01 billion
Financial Note
Bank placed under FDIC receivership on March 12, 2023.
Summary Balance Sheet as of June 30, 2023
ASSETS
Cash & Balances due from depository institutions
$ 6.06 billion
Interest-bearing balances
$ 5.86 billion
Total securities
$ 26.15 billion
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 74.39 billion
Loan loss allowance
$ 489.86 million
Trading account assets
$ 60.44 million
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
$ 0.06 million
All other assets
$ 2.39 billion
Total Assets
$ 102.35 billion
LIABILITIES
Total deposits
$ 88.61 billion
Interest-bearing deposits
$ 57.01 billion
Deposits held in domestic offices
$ 88.61 billion
% insured (estimated)
10.70%
Federal funds purchased and repurchase agreements
$ 150.00 million
Trading liabilities
N.A.
Other borrowed funds
$ 1,574.52 million
Subordinated debt
$ 571.64 million
All other liabilities
$ 1,499.32 millionn
Total Liabilities
$ 102.35 billion
Shareholders’ Equity
$ 13.62 billion
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES
Total Interest Income
$ 3.55 billion
Total Interest Expense
$ 1,015.19 million
Net interest income
$ 2.54 billion
Provision for loan and lease losses
$ 78.77 million
Total non interest income
$ 155.25 million
Total non interest expense
$ 862.38 million
Pre-tax Net Operating Income
$ 881.41 million
Signature Bank's History
Bank placed under FDIC receivership on March 12, 2023.
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