Press Releases

Signature Bank Chicago, a premier independently owned business bank, has been named one of the Best Banks to Work For in the U.S. for the 6th consecutive year by American Banker. In collaboration with Best Companies Group, American Banker identified banks that stand out in fostering positive and supportive workplaces for their employees.

As you are aware, the FDIC recently enforced two bank closures. To strengthen public confidence in the U.S. banking system, the FDIC took the additional step of covering all of the uninsured depositors at those banks. One of those closures occurred yesterday with a bank that has a name similar to ours – Signature Bank New York. We want to assure our clients, prospects, and partners that Signature Bank Chicago is not affiliated with this bank in any way and that Signature Bank Chicago is well capitalized and positioned for success, coming off of a record year in 2022.

Privately held Signature Bank headquartered in Rosemont, Illinois announced record returns and earnings in 2022. Return on Average Equity was 25.7% and net income increased 22.5% from 2021 to over $26 million.