FRC - Signature Bank Diversifying And Investing For Growth
As was the case for most banks, 2018 wasn’t an easy year for Signature Bank (SBNY), but this New York/private banking-focused specialty bank is going into 2019 with better momentum and a cleaner, more interesting business mix. It also certainly doesn’t hurt that this liability-sensitive bank is looking at the end of the rate hike cycle.
Between growing/expanding the West Coast business, supporting the new private equity and digital asset banking businesses, and the blockchain-based Signet payments business, Signature has some interesting growth opportunities queued up, and I believe there continue to be