• Signature Bank (Nasdaq: SBNY) announced the filing of its 2022 Form 10-K on March 1, 2023 for the fiscal year ended December 31, 2022.
• Signature Bank is a full-service commercial bank with 40 private client offices throughout the metropolitan New York area, as well as those in Connecticut, California, Nevada and North Carolina.
• As of December 31, 2022, Signature Bank reported $110.36 billion in assets and $88.59 billion in deposits and placed 19th on S&P Global’s list of the largest banks in the U.S., based on deposits as of year-end 2021.
Signature Bank Releases 2022 Form 10-K
On March 2, 2023, Signature Bank (Nasdaq: SBNY), a full-service commercial bank based in New York City, released their financial statement for fiscal year ending December 31st 2022 via their 10-K form filing.
About Signature Bank
Signature Bank has two wholly owned subsidiaries – Signature Financial LLC providing equipment finance and leasing; and Signature Securities Group Corporation which acts as a broker-dealer offering investment brokerage asset management and insurance services.
Digital Payments Platform
Signature Bank was the first FDIC insured bank to launch a blockchain based digital payments platform called Signet™ allowing clients to make real time payments 24/7/365.
Financial Results
As of December 31st 2021, the bank had reported an impressive $110.36 billion in assets and $88.59 billion in deposits placing them 19th on S&P Global’s list of largest banks within the US.
Conclusion
With their innovative technologies such as Signet™ leading them to strong financial results it is evident that this company will continue to be one of the top players within their industry.