Signature Bank in New York said Tuesday that it intends to sell 3.5 million shares of its common stock to the public that, at its current share price, could raise more than $100 million.

The $6.4 billion-asset bank said the offering price would be subject to "market conditions." Its shares were trading at $29.01 late Tuesday.

Friedman, Billings, Ramsey & Co. Inc. is expected to be the lead underwriter on the offering.

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.