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.
14-Day Free Trial
Corrected March 24, 2015 at 1:16PM: A brief on recent hirings at Signature Bank incorrectly stated that Thomas Mooney and Nicholas Melendez would be running offices in Connecticut and New York. The executives are in charge of individual teams based in those offices.