Office of the Supervising Architect for the U.S. Treasury

Retrieved on:

Wednesday, August 25, 2021

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“For more than 20 years, at Signature Bank we’ve treated our colleagues with trust, respect, professionalism and compassion. It was done instinctively and naturally, it became a part of our mantra, enabling the hiring of the best and most trusted bankers to fulfill our simple but very successful business model. The best of the best join the Bank on their own accord, not through acquisition where they have no say. It sounds easy but it’s actually quite difficult. Many -- if not most -- competitors operate within bureaucracies that negate the trust and compassion necessary for our business model to thrive,” explained Joseph J. DePaolo, President and Chief Executive Officer.

Key Points:

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced the release of its 2020 Social Impact Report .
The A Year Like No Other report reflects the Banks initiatives relating to its overarching Social Impact Purpose Statement by highlighting its social impact efforts and explaining their importance, especially during a global pandemic.
The report features a broad range of Bank programs and best practices, providing readers transparency and insight into the Banks social impact commitment, operational activities and organizational structure.
The recent appointment of our first social impact executive officer role, along with the establishment of our Social Impact Board Committee and internal Social Impact Management Committee, are all indicative of our long-term adherence to and belief in social responsibility.