Signature Bank

Company

Investment-firm

Last deal

$708M

Amount

Post-IPO Equity

Stage

10.12.2020

Date

3

all rounds

$1.79B

Total amount

Financing round

General

About Company
Signature Bank serves privately owned businesses and their senior management.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2006

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

With offices in the New York metropolitan area, Connecticut, North Carolina, and California, Signature Bank provides a range of banking products and services to businesses and individuals. The bank also operates subsidiaries that offer specialty finance, investment, brokerage, asset management, and insurance services. Since its establishment in 2001, Signature Bank has experienced significant growth and currently has over $23 billion in assets. In 2020, the company recorded annual revenues of $2 billion and a net profit of $526.6 million.
Contacts
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Financials

Funding Rounds
6
3

Number of Funding Rounds

$1.79B

Money Raised

Their latest funding was raised on 10.12.2020. Their latest round Post-IPO Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
10.12.2020
$708M
21.01.2016
$296.1M
09.06.2014
$257.2M
Investments
9
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type 
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People

Founders
1
Joseph J. DePaolo
Joseph J. DePaolo

Joseph J. DePaolo

Joseph J. DePaolo has been President and Chief Executive Officer and Director of Signature Bank since its inception. He has also served as a Director of Signature Securities Group since its inception and served as its Chairman of the Board until December 2006. Prior to joining Signature Bank, Mr. DePaolo was a Managing Director and member of the Senior Management Committee of the Consumer Financial Services Division at Republic National Bank, which he joined in 1988. At Republic National Bank, Mr. DePaolo held numerous positions including First Vice President and Deputy Auditor, First Vice President and Senior Vice President of Consumer Banking, Managing Director, Chairman of Republic Financial Services Corporation (Republic National Bank's retail broker-dealer group), and Chairman of Republic Insurance Agency (Republic National Bank's retail insurance agency). Prior to joining Republic National Bank, Mr. DePaolo was a senior audit manager with KPMG Peat Marwick. Mr. DePaolo is a member of the New York State Society of CPAs.

current job

Signature Bank
Signature Bank

organization founded

1

Joseph J. DePaolo

Employee Profiles
182
Stephen Wyremski

Stephen Wyremski

Chief Financial Officer & Senior Vice President

Beverley Mcintosh

Team leader-officer

Eugene Cossack

Director of emerging payments

Jose Roca

Vice president business development

Sheldon Berg

Associate group director

Matt Munroe

Senior vice president, venture banking group

Thomas Tedder

Relationship manager, technician | signature venture banking group

Dhruv Patel

Dhruv Patel

SVP I Venture Banking Group

Activity

Recent News
16
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