6/5/2023 0 Comments Signature bankSignature Bank is also one of the largest financers of low-to-moderate income multifamily housing in New York. As evidence of this commitment, Signature Bank has been a top three multi-family lender in the New York metro area since 2009 in some years, the Bank was the leading multi-family lender. Signature Bank, a well-diversified institution spanning many business lines, naturally aligns with the FHLB, particularly with its multifamily lending, and is deeply committed to providing funds to support housing within the local communities it serves. The Bank’s relationship with the FHLBNY spans more than two decades. Signature Bank is replacing these deposits primarily with advances from the Federal Home Loan Bank of New York (FHLBNY) in the short-term. The article also incorrectly states that Signature Bank is “rushing to stem a flood of customer withdrawals.” In the fourth quarter of 2022, the Bank announced a plan to purposely decrease deposits in the digital asset banking space by reducing the size of relationships thus, these deposits are declining as the Bank is intentionally managing them to a lower level. Signature Bank’s relationships with clients in the crypto space are limited to U.S. Additionally, the Bank does not invest, does not hold, and does not custody crypto assets. The headline falsely refers to Signature Bank as a “crypto lender.” Signature Bank does not lend in the crypto space, nor does it have loans that are backed by crypto assets. ” The article includes inaccurate statements that the Bank would like to clarify. Home-Loan Banks Help Crypto Lenders Stem Outflows. NEW YORK-( BUSINESS WIRE)- Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, addressed an article today that appeared in the Monday, Januedition of the Wall Street Journal titled “U.S.
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