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Rosemont, Illinois-based Signature Bank Chicago was founded in 2006 and is a privately owned commercial bank serving clients throughout the Midwest. Recent events within the banking industry have led to weakened financial positions and the failure of some banks. One of those closures occurred recently with a bank that has a name similar to ours – “Signature Bank New York”. Signature Bank Chicago is not affiliated with this bank in any way. Signature Bank Chicago is well-capitalized and positioned for success, coming off a record year in 2022. The most recent press release on our financial performance can be found at the link here.

There is much to look forward to as we enter our 18th year of serving our clients. As the dust settles on this current financial controversy, just know that Signature Bank Chicago continues our careful and deliberate approach to running our own business so that we can better serve yours! If economic conditions worsen and you have any concerns at all about Signature Bank Chicago or the health of the U.S. banking system, please call any one of our founders directly:

Mick O’Rourke: 773-575-4913
Bryan Duncan: 847-736-1117
Kevin Bastuga: 773-255-7834

All banks and credit unions have struggled with public perceptions recently. But for a handful of institutions with ‘Signature’ or ‘Republic’ in their names, the failure of New York’s Signature Bank and the troubles at California’s First Republic Bank created some unique challenges.

Lenders with names similar to two recently collapsed US banks are scrambling to reassure customers that they are not related to their failed financial institution namesakes.

Two separate national news networks’ use of Signature Bank Illinois’ logo on stories featuring the woes of Signature Bank New York reflects the “unholy trinity of wealth destruction,” said Florida-based wealth advisor Patrick Huey. 

Signature Bank would like its clients to know it is doing fine. And so would Signature Bank.

On the same weekend that ABC News incorrectly featured a logo of Signature Bank Illinois on a story about Signature Bank New York, the former reported “record returns and earnings” in 2022. 

A business credit card is a powerful cash management tool that can help businesses minimize borrowing costs, protect their finances, and manage expenses more efficiently.