Joseph J. DePaolo, president and CEO of Signature Bank, plans to transition into a senior advisor role during 2023. Eric R. Howell will succeed DePaolo as president, effective March 1, and eventually succeed as CEO once DePaolo gradually completes his transition.
Signature Bank appointed five private client banking teams throughout the metropolitan New York area as well as a group director assigned to an existing team.
Signature Bank launched a new business line with the appointment of a nine-person healthcare banking and finance team. Matthew T. Huber will lead the new business and team as senior vice president and managing group director.
Signature Financial, the specialty finance subsidiary of Signature Bank, launched two business lines: vendor industrial finance (VIF) and dealer lease and rental (DLR). Signature Financial chose Michael Mehosky to lead the VIF division and Michael Jones to lead the DLR platform.
Signature Bank made several management appointments, promotions and transitions as Mark Sigona, senior executive vice president and chief operating officer, and Peter Quinlan, executive vice president and treasurer, will retire, effective June 30.
Signature Bank named Lisa Bond to the newly created position of senior vice president and chief corporate social impact officer, which encompasses D&I and ESG initiatives. In addition, Ana Harris was promoted to the post of senior vice president and chief human resources officer.
The New York Law Journal ranked Signature Bank the No. 1 business bank, private bank and business escrow service in its 11th annual “Best of” survey of the New York legal community.
Signature Bank appointed Judi Prejean to the post of executive director of West Coast banking operations as part of its expansion in the Los Angeles market. The bank also appointed 45 professionals across 15 private client banking teams.
Signature Bank has formed a national Venture Banking Group to focus on serving venture capital firms and the portfolio companies in which they invest.
Signature Bank was ranked second in the U.S. in three categories of the National Law Journal’s eighth annual readers’ poll on the best providers of services and goods to the legal profession.