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Signature, a New York bank led by frugal CEO Joseph DePaolo, is laser-focused on commercial clients and niche lines in an age when others are trying to be all things to all people.
October 10
Signature Bank (SBNY) in New York has added to its presence on Long Island by hiring a team of private-client bankers.
James Young was named group director and will lead the five-person team, which has joined Signature's Garden City, N.Y., office, the $15.9 billion-asset company said Friday. The team also includes Michael Grubstein, Stephanie Bruno and Devon Kiernan as associate group directors and Lourdes Mosquito as client associate. Most of the team members worked together for the past decade at HSBC Bank USA in Carle Place, N.Y., Signature said.
"This new team further strengthens our Long Island presence where we now have 19 teams that operate from six private client banking offices and our soon-to-open seventh office in Hauppauge," Joseph J. DePaolo, president and chief executive of Signature, said in a news release. "Long Island has a concentration of privately owned and entrepreneurial-led businesses that are the type of clients to whom Signature Bank caters."
Young spent the last 25 years at HSBC, most recently as senior branch manager, overseeing branches in Carle Place and Garden City. He specialized in business banking.
Grubstein was premier relationship manager at the Garden City branch of HSBC for the past seven years. Bruno was a branch service manager at the HSBC Carle Place branch for more than 20 years and catered to commercial clients. Kiernan was senior premier relationship manager for six years at Carle Place where he focused on serving professional services and affluent clients.
Mosquito spent 10 years in Carle Place focusing on customer service and branch operations.
