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Buoyed by strong loan and deposit growth, Signature Bank (SBNY) in New York said Tuesday that its first-quarter profits climbed 30% from the same period last year, to $66 million.
April 22 -
The $22.4 billion-asset company reported a profit of $64.3 million, or $1.34 per share, a 28% increase from the same quarter in 2012.
January 21 -
The Federal Deposit Insurance Corp. issued two consent orders and terminated 21 enforcement actions in February, according to its latest roundup of regulatory orders.
March 28
Signature Bank (SBNY) in New York plans to sell 2.1 million new shares of common stock.
The underwriter, J.P. Morgan Securities, will get a 30-day option to purchase as many as 315,000 additional shares, Signature said in a news release Monday. Based on the company's closing stock price Monday, the offering could raise nearly $300 million.
The $23 billion-asset Signature Bank is a commercial bank that operates 27 private client offices throughout metropolitan New York. It
Its release included few details about the offering, including how the proceeds will be used.
