Signature Bank Adds Veteran Private Client Banking Team; Expands Three
Six Teams Added Year-to-Date
NEW YORK -- June 26, 2013
Signature Bank (Nasdaq: 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
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
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
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
Eric R. Howell, 646-822-1402
Executive Vice President-Corporate & Business Development
Susan J. Lewis, 646-822-1825
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