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March 13, 2023

Signature Bank Statement Update for Customers

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.

March 11, 2023

Illinois-Based Signature Bank Reports Record Results

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.