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Signature Bank

Signature Bank Locations
950 Third Avenue at 57th St 9th Floor
New York, NY 10022
1.866.sigline.
www.signatureny.com

Signature Bank is headquartered in New York and is the 8th largest bank in the state of New York. It is also the 82nd largest bank in the nation. It was established in 2001 and as of September of 2011, it had grown to 712 employees at 26 locations. Signature Bank has a 5-star health rating.

Signature Bank Routing Number: 026013576

Related Posts

Top CD Rates at Signature Bank in New York City - Local Only - 8/3/2011

Signature Bank is offering three very competitive CD rates. Hat tip to DA member mariafalter who mentioned these in the discussion forum . The bank doesn't list the rates on its website, so you have t ...

Competitive CD Deals For NY - Local (Forum) - 8/2/2011

Signature bank CD offers:  2y - 1.85%,  3y - 2.53%, 5y - 3.04%.  Rates are not listed on their website.

2.07% 18-Month CD Continues at Signature Bank in New York City - Local Only (Forum) - 1/27/2010

Signature Bank continues to have some very competitive CD rates that I last reported on in this December blog post including a 1.76% APY 12-month CD, a 2.07% APY 18-month CD and a 3.25% APY 60-month CD. They don't list the rates on their website, so I jus

2.07% 18-Month CD at Signature Bank in New York City - Local Only - 12/18/2009

Signature Bank made substantial cuts to their CD rates, but some of the rates remain fairly competitive. One in particular is the 18-month CD which has a 2.07% APY. They don't list the rates on their website, so I called this morning. Below are the rates...

2009



Data for Q3 2011


Institution Statistics


Signature Bank
FDIC Certificate #57053
BankRate ReportView
Year Established2001
Employees712
Primary RegulatorFDIC

Assets and Liabilities

Assets$13.86 billion
Loans$6.73 billion
Deposits$11.19 billion
Equity Capital$1.37 billion
Loan Loss Allowance$83.53 million
Unbacked Noncurrent Loans$67.35 million
Real Estate Owned$566,000

Historic Data - September 2010

Assets$10.93 billion
Equity Capital$919.82 million
Loan Loss Allowance$68.44 million
Unbacked Noncurrent Loans$47.61 million
Real Estate Owned$1.67 million

Profit Margin - Quarterly

Net Interest Margin3.64%
Return on Assets1.15%
Return on Equity13.4%
Interest Income$425.85 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Signature Bank had $67.92 million in non-current loans and owned real-estate with $1.45 billion in equity and loan loss allowances on hand to cover it. This gives Signature Bank a Texas Ratio of 4.69% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Signature Bank held steady from 5.08% as of September 30, 2010 to 4.69% as of September 30, 2011, resulting in a positive change of 7.74%.This indicates that the balance sheet and financial strength for Signature Bank has held steady in recent periods.
Deposit Growth5
In the past year, Signature Bank has increased its total deposits by $2.14 billion, resulting in 23.6% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Signature Bank has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Signature Bank has $13.86 billion in assets with $1.45 billion in equity, resulting in a capitalization level of 10.46%, which is above average.
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Customer Service
1 stars - raypol - Saturday, August 6, 2011 - 10:14 AM

Just called Signature customer service to inquire on a new account.  Voicemail message indicated all representatives are busy and that I should call back later and then hung up the phone.  Is this a one-off issue or do others have problems with customer service?

4
 
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