Signature Bank in New York has added a former New York state banking supervisor to its board.
The $34 billion-asset company said in a press release Wednesday that Derrick Cephas became a director in late April, filling a vacated seat. The board continues to function with its full complement of nine directors, including former Rep. Barney Frank and former Sen. Alfonse D'Amato.
Cephas was superintendent of banks of the state of New York from 1991 to 1994, and was
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Signature Bank in New York reported record profits in the first quarter as strong loan, asset and deposit growth more than offset increased expenses and deterioration in its portfolio of taxi-medallion loans.
April 20 -
Competitive pricing and softening demand at the high end of the apartment- and condo-building market had executives at BankUnited, Signature and New York Community answering tough questions about their growth projections and diversification strategies.
April 20 -
Signature Bank in New York has filed a plan to sell about $299 million in common stock.
January 22 -
The choice of private equity's Edward Grebow to lead the union-owned Amalgamated Bank might still be considered an odd coupling — if the deficit-laden institution wasn't bleeding out profits and capital.
May 5
Cephas is currently a partner at Weil, Gotshal & Manges, a New York law firm.
