Signature Bank announces a public share purchase offer


NEW YORK–(COMMERCIAL THREAD) – Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced a guaranteed offer of 2,100,000 common shares. The Bank will also grant the Underwriters a 30-day option to purchase up to 315,000 additional Common Shares. The Bank intends to use the proceeds of the Offering for general corporate purposes.

Morgan Stanley and BofA Securities are acting as bookkeepers for the offer.

Offer is subject to market conditions and other factors. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, and there will be no sale of the securities in any state in which such an offer, solicitation or sale would be illegal. The offer of common shares can only be made by way of an offer circular.

Copies of the preliminary offer circular can be obtained from

  • Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or

  • BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28555, Attention: Prospectus Department or by email at [email protected]

The securities are not deposits and are not insured or licensed by the FDIC. The securities are offered pursuant to an exemption from registration under the Securities Act of 1933 provided for in section 3 (a) (2) of that Act.

About Signature Bank

Signature Bank (Nasdaq: SBNY), member of the FDIC, is a New York-based full-service commercial bank with 37 private client offices throughout the New York metro area, as well as in Connecticut, California and Carolina North. Thanks to its one-stop-shop approach, the Bank’s private banking teams primarily meet the needs of private companies, their owners and managers.

The Bank has two wholly owned subsidiaries: Signature Financial, LLC, which provides financing and equipment rental services; and Signature Securities Group Corporation, a chartered broker, investment advisor and FINRA / SIPC member, offers investment, brokerage, asset management and insurance products and services.

Since commencing operations in May 2001, Signature Bank has reached $ 96.9 billion in assets as of June 30, 2021. With $ 85.6 billion in deposits at the end of the second quarter of 2021, Signature Bank has placed 22sd at S&P Global list of the largest banks in the United States, based on deposits.

Signature Bank was the first FDIC insured bank to launch a blockchain-based digital payment platform. Signet â„¢ enables commercial customers to make real-time payments in US dollars, 24/7/365 and was also the first solution to be approved for use by the NYS Financial Services Department.

This press release and oral statements made from time to time by our representatives contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 which are subject to risks and uncertainties. You should not place undue reliance on these statements as they are subject to many risks and uncertainties relating to our operations and our business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information regarding our future results, interest rates and the interest rate environment, loan and deposit growth, loan performance, operations, new private client teams and others. hirings, new office openings, our business strategy and the impact of the COVID -19 pandemic on each of the above and on our business as a whole. These statements often include words such as “may”, “believe”, “expect”, “anticipate”, “intend”, “possible”, “opportunity”, “could”, “plan”, “Seek”, “target”, “objective”, “should”, “will”, “should”, “plan”, “estimate” or other similar expressions. When you review forward-looking statements, you should understand that such statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions that could cause actual results to differ materially from those of forward-looking statements and may change due to many possible events or factors, not all of which are known to us or under our control. . These factors include, but are not limited to: (i) prevailing economic conditions; (ii) changes in interest rates, loan demand, real estate values ​​and competition, which can significantly affect our origination levels and earnings on sales results from our business, as well as ‘other aspects of our financial performance, including earnings over interest assets; (iii) the level of defaults, losses and prepayments on the loans we grant, whether they are held in the portfolio or sold in all secondary loan markets, which can significantly affect the levels write-offs and required credit loss reserve levels; (iv) changes in the monetary and fiscal policies of the US government, including the policies of the US Treasury and the Federal Reserve System Board of Governors; (v) changes in the regulatory environment for banking and other financial services, (vi) our ability to maintain the continuity, integrity, security and safety of our operations and (vii) competition for qualified personnel and desirable office locations. All of these factors are subject to additional uncertainty in the context of the COVID-19 pandemic, which is having an unprecedented impact on all aspects of our operations, the financial services industry and the economy as a whole. While we believe these forward-looking statements are based on reasonable assumptions, beliefs and expectations, if any change occurs or if our beliefs, assumptions and expectations were incorrect, our business, financial condition, liquidity or results of operations may differ significantly from those expressed. in our forward-looking statements. Additional risks are described in our quarterly and annual reports filed with the FDIC. You should keep in mind that forward-looking statements made by Signature Bank speak only as of the date on which they were made. New risks and uncertainties arise from time to time, and we cannot predict these events or how they could affect the Bank. Signature Bank has no obligation to, and does not intend to update or revise any forward-looking statements after the date they are made. In light of these risks and uncertainties, you should be aware that any forward-looking statements made in this press release or elsewhere may not reflect actual results.

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