Signature Bank

Signature Bank engages in the provision of commercial banking services. It operates through the Commercial Banking and Specialty Finance segments. The Commercial Banking segment consists of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. The Specialty Finance segment consists of financing and leasing products. The company was founded by John Tamberlane, Scott Aaron Shay, and Joseph J. DePaolo in September 2000 and is headquartered in New York, NY.

Earnings data Q1 2023

Earnings data Q2 2023

New York Community Bancorp. Inc. NYCB, +31.65% was upgraded to buy by DA Davidson on Tuesday, with analysts saying the acquisition of certain assets and liabilities of Signature Bridge Bank would accelerate its transformation to a more commercial bank.

New York Community Bank upgraded to buy at DA Davidson after Signature Bank deal

NEW YORK , March 21, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Signature Bank (NASDAQ: SBNY) alleging that the Company violated federal securities laws. Class Period: March 2, 2023 to March 12, 2023 Lead Plaintiff Deadline: May 15, 2023 No obligation or cost to you.

SBNY ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of May 15, 2023 in the Class Action Filed on Behalf of Signature Bank Shareholders

Coinbase

Cryptocurrency exchange Coinbase Global Inc said on Monday it has stopped support for Signature Bank's digital payments platform Signet, more than a week after U.S. regulators took control of the bank.

Coinbase halts support for Signature Bank's digital payments platform

NEW YORK , March 20, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Signature Bank (NASDAQ: SBNY, SBNYP) between March 2, 2023 and March 12, 2023, both dates inclusive (the "Class Period"), of the important May 15, 2023 lead plaintiff deadline, in the securities class action commenced by the Firm. SO WHAT: If you purchased Signature Bank securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

TOP RANKED ROSEN LAW FIRM Encourages Signature Bank Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - SBNY, SBNYP

New York Community Bancorp

(Kitco News) - The FDIC announced that Flagstar Bank has purchased the deposits and loans of Signature Bank, minus the digital-asset-related deposits.

Signature Bank's assets, minus the crypto, are now owned by Flagstar Bank

A New York Community Bancorp subsidiary has reached a deal with regulators to buy deposits and loans from Signature Bank, sending the company's shares soaring.  The deal would see the subsidiary, Flagstar Bank, take on nearly all of New York-based Signature Bank's deposits, a portion of its loan portfolios and all 40 of its former branches, according to the Federal Deposit Insurance Corporation (FDIC).

New York Community Bancorp subsidiary to buy discounted Signature Bank loans and branches, FDIC says

Wedbush upgraded NY Community Bankcorp stock to outperform, citing expected earnings boost from the "sweetheart" deal.

New York Community Bancorp surges 42% after striking a deal to acquire the assets of failed Signature Bank

Bank of America

First Republic

SVB Financial Group

Western Alliance Bancorporation

This is an excerpt from Tom's guest article in the InvestorPlace Digest e-letter. To sign up for this newsletter, please click here.

The 5 Things You Must Know From This Week's Banking Crisis

One of the crypto sector's favorite banks, Signature, has a new home.  As of Monday (March 20), the former crypto-friendly lender's doors are open again across its 40 branches.

Everything But the Crypto: Flagstar Scoops Up Failed Signature Bank

Flagstar Bank, a subsidiary of New York Community Bancorp, has signed a takeover agreement with U.S. regulators for some of Signature Bank's assets and loans. Earlier this month, after Silicon Valley Bank's customers all tried to withdraw their funds at the same time, Signature Bank was the second victim of a bank run.

Flagstar Bank to buy some Signature Bank assets, but not crypto operations

New York Community Bancorp, Inc. (NYSE: NYCB) announced that its bank subsidiary, Flagstar Bank, N.A. has acquired certain assets and assumed certain liabilities of Signature Bridge Bank.

New York Community Bancorp's Flagstar Buying Certain Assets Of Signature Bank (NYCB)

The acquisition does not include Signature's crypto business or venture capital and private equity businesses. The deal will cost the FDIC's insurance fund $2.5 billion.

New York Community Bancorp to Acquire Most of Signature Bank -- Shares Are Surging

Alexandria Real Estate Equities

AvalonBay Communities

Goldman Sachs

Moderna

Pfizer

We just had two major bank failures, but deposits should be safe. Future interest rate expectations are now lower and this is very good news for REITs.

Very Good News For REIT Investors

Wedbush on Monday upgraded New York Community Bancorp Inc. NYCB, -4.66% to outperform from neutral based on its expected earnings boost from its acquisition of Signature Bank's loan and deposit portfolio, as announced by the Federal Deposit Insurance Corp. (FDIC). New York Community Bancorp is rallying 30% in premarket trades.

Wedbush upgrades NY Community Bancorp on ‘sweetheart deal' for Signature Bank assets

NEW YORK , March 20, 2023 /PRNewswire/ -- Attention Signature Bank ("Signature") (NASDAQ: SBNY) shareholders: The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between March 2, 2023 and March 12, 2023. If you suffered a loss on your investment in Signature, contact us about potential recovery by using the link below.

CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Signature Investors of a Lead Plaintiff Deadline of May 15, 2023

The 40 branches of Signature Bank will become Flagstar Bank, starting Monday.

New York Community Bank To Buy Failed Signature Bank

New York Community Bank will purchase a large chunk of the failed Signature Bank's assets in a $2.7 billion deal, the Federal Deposit Insurance Corp (FDIC) announced Sunday. The FDIC said that the deal will include New York Community Bank acquiring $38.4 billion worth of Signature Bank's assets.

Signature Bank assets to be sold to New York Community Bank in $2.7bln deal

A week after Signature Bank failed, the Federal Deposit Insurance Corporation said it has sold most of its deposits to Flagstar Bank, a subsidiary of New York Community Bank.

FDIC sells most of failed Signature Bank to Flagstar

One week after being taken over by regulators, Signature Bank has a new owner. The Federal Deposit Insurance Corp. (FDIC), which assumed control of the failed bank on March 12, announced Sunday (March 19) that it had reached an agreement in which Flagstar Bank, a subsidiary of New York Community Bancorp, would purchase Signature.

Signature Bank Sold to Arm of New York Community Bancorp

New York Community Bank will buy a major portion of Signature Bank, a large lender for tristate businesses, in a $2.7 billion deal after the latter failed a week ago.

New York Community Bank agrees to buy failed Signature Bank in $2.7B deal

The crypto-friendly bank failed last week, amplifying fears of a banking crisis.

Signature Bank Bought By New York Community Bancorp After Sudden Collapse

Flagstar Bank, a subsidiary of New York Community Bankcorp Inc., on Sunday agreed to assume most of Signature Bank's deposits and some of its loans.

Flagstar Bank to take over most of Signature Bank's deposits, FDIC says

A subsidiary of New York Community Bancorp has entered into an agreement with U.S. regulators to purchase deposits and loans from New York-based Signature Bank , which was closed earlier this month.

FDIC announces agreement to sell Signature Bank assets to New York Community Bancorp

We reported last week that the owners of the landmarked McGraw-Hill building at 330 W. 42nd St. were putting their planned, partial residential conversion on the fast track.

McGraw-Hill residential conversion unaffected by Signature Bank failure

U.S. Senator Elizabeth Warren, who is pushing tighter banking regulation, has called for an investigation into the failures of Silicon Valley Bank and Signature Bank , the Wall Street Journal reported on Sunday.

News for Signature Bank Stock (SBNY)