Signature Bank

Headquarters

565 5th Ave
New York, NY 10017
See all branch locations →

ACH 026013576

Notable Rates	APY	Vs.Others
Savings	N.A.	5.50% →
1-Year CD	N.A.	4.80% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.00% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Public Note: Bank placed under FDIC receivership on Mar 12, 2023.

March 13, 2023

Overview
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Financial Details
History
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2024 Overview

General Bank Information

Signature Bank is an FDIC insured institution located in New York, NY. It was founded in 2001 and has approximately $110.36 billion in assets. Customers can open an account at one of its 32 branches.

Bank placed under FDIC receivership on Mar 12, 2023.


FDIC Insured	Yes
FDIC Certificate	# 57053
Date Established	2001
Assets	$ 115.97 billion
Loans	$ 74.39 billion
Deposits	$ 88.61 billion
Capital	$ 8.01 billion

For a more detailed analysis of Signature Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

Loan Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Signature Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 2578474	6.494%	6.375% 0.88 points $4,010 fees	$1,997	Learn More
NMLS ID: 1025894	6.955%	6.875% 0.63 points $2,594 fees	$2,103	Learn More
NMLS ID: 3030	7.325%	7.250% 0.75 points $2,400 fees	$2,183	Learn More
NMLS ID: 1907		points fees		Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 7.240 % After Intro: 7.240 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Achieve Loans See Table	Intro APR 10.625 % After Intro: 10.625 %	$0	Learn More More Info
All terms are estimates until underwriting is complete. Offer shown includes a .50% discount for automatic payment enrollment (autopay enrollment is not a condition of loan approval). 10, 15, 20, and 30-year terms available (20 and 30 year terms only available for cash out requests). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (2.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied and combined loan-to-value ratio may not exceed 80%, including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. Offers are only valid in states where Achieve is licensed. Loans are not available to residents of all states and available loan terms and fees may vary by state where offered. Contact Achieve Loans for further details. Competitive rates, Pre-qualify in minutes Mortgage Advisors standing by to help find the best solution Flexible terms with fast funding Minimum credit score: 640

See More Home Equity Rates →

Note to Signature Bank
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Branches

Signature Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio

Signature Bank Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
1688 Victory Blvd Branch	472.73	A	View Lobby Hours
Staten Island Temporary Mobile Branc	473.56	B	View Lobby Hours
11 Broadway Branch	478.96	C	View Lobby Hours
71 Broadway Branch	479.07	D	View Lobby Hours
New Utrecht Avenue Branch	479.28	E	View Lobby Hours
Remson Branch	480.10	F	View Lobby Hours
Penn Plaza Branch	480.47	G	View Lobby Hours
Park Avenue South Branch	480.52	H	View Lobby Hours
261 Madison Avenue	481.05	I	View Lobby Hours
Signature Bank	481.20	J	View Lobby Hours
West 57th Street Branch	481.43	K	View Lobby Hours
300 Park Avenue Branch	481.44	L	View Lobby Hours
Brooklyn Branch	481.55	M	View Lobby Hours
97 Broadway Branch	481.59	N	View Lobby Hours
Third Branch	481.82	O	View Lobby Hours
Madison Avenue Office	482.23	P	View Lobby Hours
36-36 33rd Street Long Island City	483.73	Q	View Lobby Hours
Jackson Heights Branch	486.18	R	View Lobby Hours
Hunts Point Avenue Branch	486.79	S	View Lobby Hours
Queens Blvd	488.67	T	View Lobby Hours
Sutphin Blvd. Branch	489.69	U	View Lobby Hours
1-C Quaker Ridge Road Branch	492.49	V	View Lobby Hours
923 Broadway	494.53	W	View Lobby Hours
Great Neck Branch	494.54	X	View Lobby Hours
Hamilton Avenue Branch	494.90	Y	View Lobby Hours
Rockville Centre Branch	498.17	Z	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

Signature Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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Financial Details

Financial Note

Bank placed under FDIC receivership on March 12, 2023.

Signature Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Signature Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio

Signature Bank	U.S. Bank Average
2.81%	4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Signature Bank had $238,635,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,013,101,000 in equity and $489,862,000 in loans loss reserves. That gives it a Texas Ratio of 2.81%.

Return on Equity

Signature Bank	U.S. Bank Average
16.91%	10.46%

Signature Bank has a Return on Equity of 16.91% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization

Signature Bank	U.S. Bank Average
6.91%	10.84%

Signature Bank has a Capitalization of 6.91% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Signature Bank Balance Sheet Analysis

As of December 31, 2022, Signature Bank had assets of $110,363,650,000, loans of $74,388,993,000, and deposits of $88,612,911,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 6.06 billion
Interest-bearing balances	$ 5.86 billion
Total securities	$ 26.15 billion
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 74.39 billion
Loan loss allowance	$ 489.86 million
Trading account assets	$ 60.44 million
Bank premises and fixed assets	N.A.
Other real estate owned	N.A.
Goodwill and other intangibles	$ 0.06 million
All other assets	$ 2.39 billion
Total Assets	$ 102.35 billion

LIABILITIES
Total deposits	$ 88.61 billion
Interest-bearing deposits	$ 57.01 billion
Deposits held in domestic offices	$ 88.61 billion
% insured (estimated)	10.70%
Federal funds purchased and repurchase agreements	$ 150.00 million
Trading liabilities	N.A.
Other borrowed funds	$ 1,574.52 million
Subordinated debt	$ 571.64 million
All other liabilities	$ 1,499.32 million
Total Liabilities	$ 102.35 billion
Shareholders’ Equity	$ 13.62 billion

Summary Income Statement

June 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 3.55 billion
Total Interest Expense	$ 1,015.19 million
Net interest income	$ 2.54 billion
Provision for loan and lease losses	$ 78.77 million
Total non interest income	$ 155.25 million
Total non interest expense	$ 862.38 million
Pre-tax Net Operating Income	$ 881.41 million

Bank Loan Profile^?

The top three loan types in Signature Bank’s loan portfolio are Commercial and Industrial Loans, Multifamily Mortgages, and Commercial Real Estate.

Compared to other banks in New York, Signature Bank has a significantly higher percent of Multifamily Mortgages, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

	% Loans	% Comparison to Other Banks
		Low	Med	High
1-4 Family Residential Loans	0.61	✓
Multifamily Mortgages	23.26			✓
Credit Card Loans	0.00	✓
Consumer Auto Loans	0.00	✓
Small Business Loans	0.28		✓
Construction and Development Loans	2.01		✓
Commercial Real Estate	16.95		✓
Commercial and Industrial Loans	51.39			✓
Farm Loans	0.00	✓

Signature Bank's History

Bank placed under FDIC receivership on March 12, 2023.

Signature Bank Articles

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Customer Reviews for Signature Bank

Employee

March 18, 2020 |

Even during a state of emergency, you are not permitted to work remotely with the assigned laptop you are given. My job does NOT require I physically be there, however they put our lives, the lives of our families and the public at risk by having us commute in by mass transit in NYC. The entire city has shut down and they don't care. Not a peep from upper management since Friday. Team leaders out while employees come in. We are not essential workers and are absolutely in danger. We sit very close together which doesn't help as well. We literally have to come in and disinfect ourselves with our own supplies as corporate hasn't even sent a lysol wipe. We're all scared and on edge. Some have well known health issues and others live with people who do.

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