New York.- Signature Bank, a New York-based full-service commercial bank, has appointed several Queens banking professionals to various posts at its new Long Island City, N.Y. location. The office, which opened April 21, 2005, marks the Bank’s entry into the Queens, N.Y. area.
Lee Frangos of Astoria, N.Y., was appointed Group Director and Senior Vice President for the Bank’s new Long Island City location at 36-36 33rd Street in Queens. Most recently, Frangos served as Relationship Manager and Vice President at Citibank.
The following banking professionals will serve as Associate Group Directors at Signature Bank-Long Island City:
“The successful recruitment of these talented individuals advances our position in the marketplace and further demonstrates our ability to continue to attract top banking professionals. Additionally, these new hires bring the number of banking group directors to 40, representing 32 private client teams and 13 offices throughout the metro-New York area,” noted Joseph J. DePaolo, president and chief executive officer at Signature Bank.
“We continue to execute our business plan with the ongoing hiring of key banking professionals who are recruited from the area’s mega banks. We provide these experts the platform and resources necessary to cultivate private client relationships and provide the utmost in personalized service. We look forward to the contributions these individuals will make in helping Signature Bank enhance its presence throughout Queens and Long Island,” DePaolo explained.
Signature Bank, member FDIC, is a New York-based full-service commercial bank with 13 private client offices located in the New York metropolitan area, serving the needs of privately owned businesses, their owners and senior managers through dozens of private client groups. The Bank offers a wide variety of business and personal banking products and services as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member NASD/SIPC.
Since commencing operations in May 2001, the Bank has grown to nearly $3.4 billion in assets, $2.58 billion in deposits, $340 million in equity capital and approximately $955 million in other assets under management as of December 31, 2004.