After selling $120 million of preferred shares to the Treasury Department last week, Signature Bank in New York is flush with capital, which chief executive Joseph DePaolo said should give it an edge in a tough market."In most of the other parts of the country, you may have one of these huge megabanks, but we have all of them here," Mr. DePaolo said in an interview this week.

The government infusion, combined with $148 million raised in a common stock offering in September, means Signature now has a total risk-based capital ratio of more than 19%. "If you want to continue growing the bank and give the service that private businesses deserve, you've got to have capital ratios that are far superior and more significant than these major institutions," Mr. DePaolo said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.