Signature Bank in New York has opened a private banking office in Greenwich, Conn.
Senior Vice President Thomas Mooney will lead a team based in the $27.3 billion-asset company's new office. Mooney had previously been based in Signature's White Plains, N.Y., office. Mooney joined Signature last year after a decade with JPMorgan Chase.
The company also said that Nicholas Melendez, formerly of Wells Fargo, was tapped to lead a team in White Plains.
"This is a further step as we broaden our reach throughout the metro-N.Y. area," Signature Bank Chief Executive Joseph DePaolo said in a press release.
Signature is known for its specialization in private-client banking, with 28 offices already located around New York City and its suburbs. The bank also has a specialty finance subsidiary that provides funding for equipment leasing and the acquisition of taxi cab medallions. Business has boomed recently for Signature, which reported a profit of $81.4 million in the fourth quarter, a 26.5% year-over-year increase. For the whole of 2014 Signature saw nearly $300 million in profits.