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As the New York company books more loans, it is also relying less on mortgage-backed securities.
February 11 -
Signature, a New York bank led by frugal CEO Joseph DePaolo, is laser-focused on commercial clients and niche lines in an age when others are trying to be all things to all people.
October 10
Signature Bank (SBNY) in New York has hired eight bankers from Citigroup (NYSE:C) to run two private client banking teams.
The $17.5 billion-asset bank said Monday that it had tapped Larry Goldberg, Guy Gioeli and their respective teams to serve clients from a second office that Signature expects to open on Staten Island.
Goldberg, who for the 1ast 18 years has run Citigroup branches on Manhattan and Staten Island, will be joined by Flora Vavallo, Anthony Shafer and Lauren Mattera, who have worked together with Goldberg for roughly nine years. Vavallo had been a business banker for Citigroup, where she worked for 35 years
Gioeli, who previously managed a branch on Staten Island for Citigroup, will be joined by Linda Mulroy, Annette Lucas-Thomas and Shari Gutkin, who have worked together with Gioeli for roughly five years. Mulroy and Lucas-Thomas previously served as business bankers at Citigroup for 33 years.
"Both of these seasoned banking teams have deep roots within the Staten Island community and bring strong relationships as well as decades of experience to Signature Bank," Joseph DePaolo, Signature's chief executive, said in a press release.
Signature has 26 offices in the New York area that serve private clients.
