Signature Bank announced record fourth-quarter 2013 earnings were driven by an increase in net interest income, fueled by record deposit growth and record loan growth.
Signature Bank said it has added three private client banking teams to its network. To date, in 2013, ten private client banking teams have joined Signature Bank.
Signature Bank said its Q3/13 net income reached a new record $60.2 million, up from $47.7 million in Q3/12. The bank said it is primarily due to an increase in net interest income, fueled by strong deposit and record loan growth.
Signature Bank announced the formation of a new asset-based lending group, marking the bank’s entry into this specialized area.
Signature Bank announced Q2/13 net income reached a record $53.6 million versus $45.3 million in Q2/12. The bank said the record net income was primarily due to an increase in net interest income fueled by strong deposit and loan growth.
Signature Bank announced the appointment of three private client banking teams, totaling ten new hires.
Signature Bank promoted Eric R. Howell and Vito Susca to executive vice president-Corporate & Business Development and senior vice president and chief financial officer, respectively.
Signature Bank announced net income in Q1/13 reached a record $50.6 million, up 19% from $42.4 million in Q1/12. The bank said the increase was fueled by growth in average interest-earning assets.