Signature Bank

Signature Bank began in 2001 as a commercial bank headquartered in New York City, focusing on serving privately owned businesses, their owners, and senior managers. The bank built its reputation on a relationship-driven approach, offering clients direct access to dedicated banking teams. Over the years, Signature Bank expanded steadily, and as of March 2023, it operated 40 branches, primarily in the New York metropolitan area, with additional locations in California and Connecticut.

A defining milestone for Signature Bank came in the 2010s, when its assets surpassed $50 billion. This achievement placed the bank among the largest in its region and earned it repeated recognition in national rankings. Signature Bank became known for its deep market penetration, especially in commercial real estate and specialized sectors such as law, accounting, and private banking. Its willingness to serve emerging markets, including digital asset clients, contributed to rapid growth and a strong reputation for reliability.

In March 2023, Signature Bank’s trajectory shifted when regulators closed the institution following a sudden run on deposits during a period of industry-wide instability. The Federal Deposit Insurance Corporation was appointed receiver, and Flagstar Bank, N.A., a subsidiary of New York Community Bancorp, Inc., acquired all branches and most assets. Since March 20, 2023, Flagstar Bank has continued to operate the former Signature Bank locations under its own brand, maintaining the established branch network and client relationships.

During the five years leading up to its acquisition, Signature Bank demonstrated a growth posture by expanding its footprint and adapting to new market segments, including digital assets. Its legacy in commercial real estate remains significant due to its scale, credibility, and the continuity provided by Flagstar Bank’s stewardship of its former branches. This transition ensures ongoing access to established banking infrastructure in key markets for landlords, brokers, and developers.