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Signature Bank (SBNY) in New York plans to sell 2.1 million new shares of common stock.
June 9 -
Signature Bank (SBNY) in New York has drawn a team of four bankers away from Amalgamated Capital to form a new asset-based lending group.
September 19 -
Signature Bank in New York reported higher third-quarter profits driven by an uptick in commercial and multifamily lending.
October 21
Signature Bank in New York reported higher fourth-quarter profits on growth in commercial loans.
The $27.3 billion-asset bank's
Net loans and leases rose 32% to $17.7 billion. The loan growth was driven by commercial real estate, multifamily and specialty-finance lending.
Total deposits rose 33% to $22.6 billion, and interest-bearing deposits also rose by 33%, to $15.6 billion.
Net interest income reached $215.7 million, a 21% increase. Noninterest income rose 22% to $7.4 million. Non-interest expense rose 18% to $76 million.