2.5 star ratingAverage User Rating:
2.5 star rating based on 3 reviews.

Signature Bank

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

FDIC


Signature Bank is headquartered in New York and is the 7th largest bank in the state of New York. It is also the 68th largest bank in the nation. It was established in 2001 and as of December of 2012, it had grown to 844 employees at 28 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 Q4 2012


Institution Statistics


Signature Bank
FDIC Certificate #57053
BankRate ReportView
Year Established2001
Employees844
Primary RegulatorFDIC

Assets and Liabilities

Assets$17.46 billion
Loans$10.03 billion
Deposits$14.08 billion
Equity Capital$1.65 billion
Loan Loss Allowance$107.43 million
Unbacked Noncurrent Loans$54.37 million

Historic Data - December 2011

Assets$14.67 billion
Equity Capital$1.41 billion
Loan Loss Allowance$86.16 million
Unbacked Noncurrent Loans$51.22 million
Real Estate Owned$566,000

Profit Margin - Quarterly

Net Interest Margin3.58%
Return on Assets1.16%
Return on Equity12.17%
Interest Income$662.55 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 December 31, 2012 Signature Bank had $54.37 million in non-current loans and owned real-estate with $1.76 billion in equity and loan loss allowances on hand to cover it. This gives Signature Bank a Texas Ratio of 3.09% 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 3.45% as of December 31, 2011 to 3.09% as of December 31, 2012, resulting in a positive change of 10.28%.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 $2.33 billion, resulting in 19.81% 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 $17.46 billion in assets with $1.76 billion in equity, resulting in a capitalization level of 10.07%, 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

Customer Of There Brooklyn Branch On Broadway
1 stars - eplusinc - Friday, December 28, 2012 - 2:24 PM

Hi

I am a customer about 5 years i never had less then 200k avail. in my account that bank is extremly unprof. They don't always have cash avail. 1 teller accepts all and 1 deposits only, If there is 3 people in teh line you can wait 30 minutes,

This bank is designed for people that are always overdrafted and need there checks covered, Don't even ask about a wire they do wires through 3rd party's and what takes with a reguler bank 5 minutes takes them 24 hours

Stay away!

2

Reply To Disappointed Customer.
5 stars - greengrinch - Tuesday, October 23, 2012 - 8:12 PM

I've had an account for years at the downtown Brooklyn office and have never yet had a problem with Signature bank or their customer service. There appear to be many other satisfied customers doing transactions at the branch. I rarely use the telephone service but I seem to recall that it also works. I don't know about leaving messages though. For opening new accounts, try their web page for information and then try in person for an actual transaction. You can then inquire about their telephone service.

1