Signature Bank has expanded its established Fund Banking Division and its recently formed Venture Banking Group with the appointment of several new banking professionals.
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 and V3 Commodities committed to a combined $25 million working capital facility for Atlantic Energy, a provider of energy efficient and smart product bundles.
Signature Bank appointed Ketih Connors to vice president, capital markets and Nick Cremonese to account officer, National Third-Party Intermediaries, a newly created position.
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.
INTL FCStone amended its existing $262 million senior secured credit facility, increasing the size of the facility to $350 million. Bank of America Merrill Lynch and Capital One acted as joint lead arrangers on the transaction.
Signature Bank partnered with trueDigital to develop Signet, a new digital payments platform designed to enable real-time payments for the bank’s commercial clients.
Signature Bank launched its new Fund Banking Division, dedicated to providing financing and banking services to the private equity industry. Tom Byrne, named managing group director and head of the Fund Banking Division, will lead the bank’s nationwide platform.
Signature Bank hired eight financial executives to join its Specialty Finance subsidiary and Asset-Based Lending business.