Signature Bank


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

ACH 026013576

Phone 646 822 1500

Notable Rates APY Vs.Others
Savings N.A. 6.25% →
1-Year CD N.A. 5.35% →
2-Year CD N.A. 5.10% →
5-Year CD N.A. 4.70% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →
Public Note: Bank placed under FDIC receivership on Mar 12, 2023.

March 13, 2023

2023 Overview

General Bank Information

Signature Bank is an FDIC insured institution located in New York, NY. It was founded in 2001 and has approximately $115.97 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 $ 73.90 billion
Deposits $ 102.80 billion
Capital $ 7.69 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 - March 22, 2023

Your Current Location: Virginia, VA 20146

Checking Rates APY MIN FEE
SIGNATURE PERSONAL CHECKING 0.00% $4,000 $20.00 Learn MoreShow Less
MONOGRAM PERSONAL CHECKING 0.00% $5,000 $30.00 Learn MoreShow Less

Loan Rates - March 22, 2023

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2023

Lender APR Rate (%) Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
7.022% 6.875%
1.00 points
$3,750 fees
$1,643 Learn More
Rocket Mortgage
NMLS ID: 3030
6.896% 6.750%
1.00 points
$3,750 fees
$1,622 Learn More
Morty, Inc.
NMLS ID: 1429243
6.202% 6.125%
0.88 points
$2,068 fees
$1,520 Learn More
NMLS ID: Not lender

Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2023

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 7.240 %
After Intro: 8.250 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.990 %
$0 Learn More
More Info

Note to Signature Bank
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Climate Initiatives

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

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 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
2.69% 8.03%

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 September 30, 2022, Signature Bank had $218,995,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,690,524,000 in equity and $464,858,000 in loans loss reserves. That gives it a Texas Ratio of 2.69%.

Return on Equity
Signature Bank U.S. Bank Average
16.91% 10.00%

Signature Bank has a Return on Equity of 16.91% versus the BestCashCow average of 10.00%. 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.

Signature Bank U.S. Bank Average
6.63% 9.96%

Signature Bank has a Capitalization of 6.63% versus the BestCashCow average of 9.96. 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 September 30, 2022, Signature Bank had assets of $115,966,803,000, loans of $73,900,091,000, and deposits of $102,800,494,000. 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

September 30, 2022
Cash & Balances due from depository institutions $ 11.58 billion
Interest-bearing balances $ 11.38 billion
Total securities $ 25.81 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 73.90 billion
Loan loss allowance $ 464.86 million
Trading account assets $ 61.85 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 $ 106.78 billion
Total deposits $ 102.80 billion
      Interest-bearing deposits $ 65.30 billion
      Deposits held in domestic offices $ 102.80 billion
      % insured (estimated) 9.31%
Federal funds purchased and repurchase agreements $ 150.00 million
Trading liabilities N.A.
Other borrowed funds $ 1,574.52 million
Subordinated debt $ 571.28 million
All other liabilities $ 1,499.32 million
      Total Liabilities $ 106.78 billion
      Shareholders’ Equity $ 9.19 billion

Summary Income Statement

September 30, 2022
Total Interest Income $ 2.39 billion
Total Interest Expense $ 496.50 million
Net interest income $ 1,897.56 million
Provision for loan and lease losses $ 36.01 million
Total non interest income $ 110.98 million
Total non interest expense $ 629.05 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 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.62
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.28
Construction and Development Loans 2.03
Commercial Real Estate 17.06
Commercial and Industrial Loans 51.73
Farm Loans 0.00

Signature Bank's History

Bank placed under FDIC receivership on March 12, 2023.

Customer Reviews for Signature Bank

  • 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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*Should any logos, images or public notes appear on this page,they do so courtesy of Signature Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.