Signature Bank (SBNY) Announces 2.1M Share Offering

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Go back to Signature Bank (SBNY) Announces 2.1M Share Offering

Signature Bank Announces Public Stock Offering

July 20, 2021 5:10 PM EDT

NEW YORK--(BUSINESS WIRE)-- Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today an underwritten offering of 2,100,000 shares of its common stock. The Bank will also grant to the underwriters a 30-day option to purchase up to 315,000 additional shares of common stock. The Bank intends to use the proceeds from the offering for general corporate purposes.

Morgan Stanley and BofA Securities are acting as the bookrunners in the offering.

The offering is subject to market conditions and other factors. This press release does not... More