Signature Bank Launches New National Business Line with Appointment of Healthcare Banking and Financial Services Team
NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced the launch of a new line of business with the appointment of a nine-person team to banking and health finance (HBF). The new private banking team will provide lending services while taking deposits from healthcare clients.
Matthew T. Huber, recently appointed senior vice president and group managing director, leads the new business team and HBF. In this role, Huber will oversee all aspects of the HBF team, including managing the team’s pipeline and banking activities and building a healthcare-related portfolio spanning both lending clients and deposit.
The HBF team focuses on serving for-profit and not-for-profit businesses that provide a range of healthcare services as well as owners and operators of senior housing, hospitals, large medical practices, centers outpatient surgery facilities, drug treatment and rehabilitation facilities, skilled nursing homes and facilities offering independent living, assisted living and memory care and continuing care retirement communities.
Huber brings 25 years of experience in healthcare banking and finance to his new role. During his long career, he has developed a specialized niche in healthcare banking. Most recently, he was Market Manager, Healthcare Finance at People’s United Bank until its merger with M&T Bank. He managed and oversaw the healthcare financing vertical, serving clients throughout New England and the Mid-Atlantic market. Previously, he was Director, Healthcare Enterprise Strategy – Commercial Segment at Key Bank, NA, in Syracuse, NY He spent seven years as Senior Director and Division Director – Commercial Healthcare Group at First Niagara Bank, also in Syracuse and has served as Senior Vice President and Regional Director, Real Estate Capital Healthcare Group at Key Bank, NA, in Cleveland, Ohio.
Huber’s team is joined by several seasoned banking professionals who also previously worked at People’s United Bank, including:
Walter Unangst, appointed Senior Vice President and Group Director at Signature Bank, was previously Senior Vice President and Senior Relationship Manager
Ken Jamison, appointed Senior Vice President and Group Director, was Senior Vice President, Capital Markets Market Director
Patricia Quint, now Senior Vice President and Group Director at the Bank, was Market Director of Commercial Deposit Services
Ryan Zyskowski, named vice president and chief relationship officer, served as vice president and chief relationship officer
Liam Ryan, vice president and loan portfolio manager for Signature Bank, was vice president and portfolio manager
Kristin Maier, appointed Assistant Vice President and Associate Loan Portfolio Manager, served as Assistant Vice President-Portfolio Manager
Additionally, other appointments to the team include Doreen Schafer, named vice president and head of loan administration. She was Vice President, Senior Loan Closer at KeyBank before joining the Bank; and Eric Halpern, appointed Senior Vice President and Group Director, served as First Senior Vice President, National Head of Healthcare at Bank Leumi USA.
“Signature Bank had been looking for the right opportunity to enter the healthcare banking and finance space for years. Healthcare is an ever-changing and evolving industry as baby boomers mature, people are living longer and as medical technology advances. All of this further increases the demand for healthcare services, thereby increasing the possibility of broader lending and financing services. We have identified what we believe is a huge and persistent need for nationwide commercial healthcare financing The time is right, and we welcome Matt and his team as they all bring deep banking and financial services expertise to the Bank as we launch this new national business line,” said Joseph J. DePaolo, co-founder, president and CEO at Signature Bank.
Huber commented on his new role and the Bank’s formation of its HBF line of business: “Signature Bank was looking to grow a de novo healthcare group with the kind of specialty that my team has. The way the Bank is structured – in terms of its emphasis on relationship-based banking and its single point of contact approach – was both very impressive and attractive to our team. Additionally, the business model is attractive to those of us with strong customer relationships and solid credit skills. The Bank’s work culture promotes balanced autonomy while fostering significant opportunities for growth. We look forward to the contributions the HBF team will make to the continued success of Signature Bank.
About Signature Bank
Signature Bank (Nasdaq: SBNY), Member FDIC, is a New York-based full-service commercial bank with 38 private client offices throughout the New York metropolitan area, as well as those in Connecticut, California and North Carolina. North. With its single-point-of-contact approach, the Bank’s retail banking teams primarily serve the needs of private businesses, their owners and senior executives.
The Bank has two wholly owned subsidiaries: Signature Financial, LLC, which provides financing and equipment leasing; and, Signature Securities Group Corporation, a licensed broker-dealer, investment advisor and member FINRA/SIPC, offers investment, brokerage, asset management and insurance products and services.
Since commencing operations in May 2001, Signature Bank has reached $121.85 billion in assets and $109.16 billion in deposits as of March 31, 2022. Signature Bank has placed 19and on S&P Global list of largest banks in the United States, based on deposits at the end of 2021.
Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payment platform. Signet™ enables business customers to make real-time payments in US dollars, 24 hours a day, 7 days a week, 365 days a year, and was also the first solution to be approved by the Department of Financial Services of New York State.
For more information, please visit https://www.signatureny.com.
This press release and oral statements made from time to time by our representatives contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on such statements as they are subject to many risks. and uncertainties relating to our business and our business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information regarding our expectations regarding future results, interest rate and interest rate environment, loan and deposit growth, loan performance, operations, new hires of private client teams, new office openings, business strategy and the impact of the COVID -19 pandemic on each of the above and our business as a whole. Forward-looking statements often include words such as “may”, “believe”, “expect”, “anticipate”, “intend”, “potential”, “opportunity”, “could”, “project “, “seek”, “target”, “goal”, “should”, “will”, “would”, “plan”, “estimate” or other similar expressions. When considering forward-looking statements, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions that could cause actual results to differ materially from those in the forward-looking statements and may change due to many possible events or factors, all of which are not known to us or within our control. These factors include, but are not limited to: (i) prevailing economic conditions; (ii) changes in interest rates, loan demand, real estate values and competition, which may materially affect origination levels and earnings on sales results in our business, as well as other aspects of our financial performance, including earnings on assets; (iii) the level of defaults, losses and prepayments on loans made by us, whether held in portfolio or sold in the general secondary loan markets, which may materially affect charge-off levels and required credit loss reserve levels; (iv) changes in the monetary and fiscal policies of the United States government, including the policies of the United States Treasury and the Board of Governors of the Federal Reserve System; (v) changes in the regulatory environment for banks and other financial services; (vi) our ability to maintain the continuity, integrity, safety and security of our operations; and (vii) competition for qualified personnel and desirable office locations. All of these factors are subject to additional uncertainty in the context of the COVID-19 pandemic and the conflict in Ukraine, which are impacting all aspects of our operations, the financial services industry and the economy as a whole. Additional risks are described in our quarterly and annual reports filed with the FDIC. Although we believe these forward-looking statements are based on reasonable assumptions, beliefs and expectations, if anything changes or our beliefs, assumptions and expectations are incorrect, our business, financial condition, liquidity or results of operations could differ materially from those expressed in our forward-looking statements. You should keep in mind that any forward-looking statement made by Signature Bank speaks only as of the date on which it was made. New risks and uncertainties arise from time to time, and we cannot predict these events or their impact on the Bank. Signature Bank is under no obligation and does not intend to update or revise any forward-looking statements after the date on which they are made.