Signature Bank Adds Veteran Private Client Banking Team; Expands Three Others
Six Teams Added Year-to-Date
NEW YORK--(BUSINESS WIRE)-- Signature Bank (NAS: SBNY) , a New York-based full-service commercial bank, announced today the appointment of a new private client banking team to be based in its White Plains, N.Y. office in Westchester County.
David Pilossoph and Marie Moreno, both of whom are veteran bankers that spent decades with Citibank, N.A., were each named Group Director and Senior Vice President. Pilossoph and Moreno spent 35 and 22 years, respectively, at Citibank locations in the Westchester area.
Pilossoph most recently served as Vice President and Branch Manager at the 244 Main Street branch in White Plains, a role he held for 23 years. Over the years, Pilossoph gained significant experience serving a range of businesses, particularly professional services firms.
Moreno was a Vice President and Branch Manager at the 444 Mamaroneck Avenue branch in White Plains where she focused on business banking primarily for professional services entities. Before being promoted to this branch manager role, she worked with Pilossoph for nearly two decades.
Joining Pilossoph's and Moreno's team is Diane Fracasse who brings 25 years of banking experience to her new Senior Client Associate role. Fracasse was Assistant Branch Manager for Pilossoph at the White Plains branch, providing sales, service and operational support.
Additionally, the Bank appointed several new banking professionals to various existing teams. Thomas Pappas, with 13 years of banking experience, was named Group Director at the Bank's office at 261 Madison Avenue in Manhattan. Pappas joins the team of Cliff Broder, a Group Director and Senior Vice President who has been with Signature Bank since the Bank's inception in 2001. Prior, Pappas was Vice President and a private banker at JPMorgan Chase's headquarters in midtown Manhattan. In this role, he served as point person for client relationship banking as well as for various investment advisors.
Zoe Koutsoupakis, a banking veteran who brings 34 years of expertise to her new role as Group Director and Senior Vice President, joined recently named Group Director and Vice President Monika Buono in Borough Park. Together, they will lead the team of five who will eventually be based in a new office in Bay Ridge.
Koutsoupakis, who worked with Buono and other team members for nearly two decades, spent the past 11 years at Investor's Bank and its predecessor Marathon Bank, as Area Manager and Senior Vice President in Bay Ridge. She also spent 23 years at Atlantic Bank as an Area Manager.
Joining the team headed by Group Directors and Senior Vice Presidents John Corallo and Jim McHugh, also in Borough Park is Denise Longworth, Associate Group Director. Longworth has 37 years of banking experience, all spent at Citibank in a range of commercial banking roles. For the past nine years, she was a Business Banker in Park Slope, Brooklyn, managing a portfolio spanning approximately 1,000 small business clients.
"We again have proven our capabilities in attracting bankers whose entire careers have been dedicated to financial services and in many cases, spent at the same institution. We attract professionals like David and Marie who join as an integrated team in a key geographic market, helping to enhance our strong presence, in this case, Westchester County. With two offices and six teams across the County now, we are further penetrating this area's business landscape with the addition of this veteran team," explained President and Chief Executive Officer Joseph J. DePaolo.
"It is also important to note our Group Directors continue to display their entrepreneurial spirit by adding talented and experienced banking professionals who can complement their existing teams. We are gratified they express an interest in taking advantage of such appointments, as evidenced by these recent additions. All this reflects ongoing opportunities that remain in the marketplace, which Signature Bank continually identifies and executes upon," DePaolo added.
About Signature Bank
Signature Bank, member FDIC, is a New York-based full-service commercial bank with 26 private client offices throughout the New York metropolitan area. The Bank's growing network of private client banking teams serves the needs of privately owned businesses, their owners and senior managers. Signature Bank offers a wide variety of business and personal banking products and services. The Bank operates Signature Financial, LLC, a specialty finance subsidiary focused on equipment finance and leasing, transportation financing and taxi medallion financing. Investment, brokerage, asset management and insurance products and services are offered through the Bank's subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC.
Signature Bank's 26 offices are located: In Manhattan (9) - 261 Madison Avenue; 300 Park Avenue; 71 Broadway; 565 Fifth Avenue; 950 Third Avenue; 200 Park Avenue South; 1020 Madison Avenue; 50 West 57th Street and 2 Penn Plaza. Brooklyn (3) - 26 Court Street; 84 Broadway and 6321 New Utrecht Avenue. Westchester (2) - 1C Quaker Ridge Road, New Rochelle and 360 Hamilton Avenue, White Plains. Long Island (7) - 1225 Franklin Avenue, Garden City; 279 Sunrise Highway, Rockville Centre; 68 South Service Road, Melville; 923 Broadway, Woodmere; 40 Cuttermill Road, Great Neck; 100 Jericho Quadrangle, Jericho and 360 Motor Parkway, Hauppauge. Queens (3) - 36-36 33rd Street, Long Island City; 78-27 37th Avenue, Jackson Heights and 8936 Sutphin Blvd., Jamaica. Bronx (1) - 421 Hunts Point Avenue, Bronx. Staten Island (1) - 2066 Hylan Blvd.
Since commencing operations in May 2001, the Bank has grown to $18.3 billion in assets, $14.8 billion in deposits, $1.7 billion in equity capital and $1.7 billion in other assets under management as of March 31, 2013. Signature Bank's Tier 1 and risk-based capital ratios are significantly above the levels required to be considered well capitalized.
For more information, please visit 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 that are subject to risks and uncertainties. You should not place undue reliance on those statements because they are subject to numerous risks and uncertainties relating to our operations and business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information concerning our future results, interest rates and the interest rate environment, loan and deposit growth, loan performance, operations, new private client team hires, new office openings and business strategy. These statements often include words such as "may," "believe," "expect," "anticipate," "intend," "potential," "opportunity," "could," "project," "seek," "should," "will," would," "plan," "estimate" or other similar expressions. As you consider 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. These factors include but are not limited to: (i) prevailing economic conditions; (ii) changes in interest rates, loan demand, real estate values and competition, any of which can materially affect origination levels and gain on sale results in our business, as well as other aspects of our financial performance, including earnings on interest-bearing assets; (iii) the level of defaults, losses and prepayments on loans made by us, whether held in portfolio or sold in the whole loan secondary markets, which can materially affect charge-off levels and required credit loss reserve levels; (iv) changes in monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; (v) changes in the banking and other financial services regulatory environment and (vi) competition for qualified personnel and desirable office locations. As you read and consider forward-looking statements, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions and can change as a result of many possible events or factors, not all of which are known to us or in our control. Although we believe that these forward-looking statements are based on reasonable assumptions, beliefs and expectations, if a change occurs or our beliefs, assumptions and expectations were incorrect, our business, financial condition, liquidity or results of operations may vary materially from those expressed in our forward-looking statements. Additional risks are described in our quarterly and annual reports filed with the FDIC. You should keep in mind that any forward-looking statements made by Signature Bank speak only as of the date on which they were made. New risks and uncertainties come up from time to time, and we cannot predict these events or how they may affect the Bank. Signature Bank has no duty to, and does not intend to, update or revise the forward-looking statements after the date on which they are made. In light of these risks and uncertainties, you should keep in mind that any forward-looking statement made in this release or elsewhere might not reflect actual results.
Eric R. Howell, 646-822-1402
Executive Vice President-Corporate & Business Development
Susan J. Lewis, 646-822-1825
KEYWORDS: United States North America New York
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