Signature Bank Named to the Inc. 5000 List of Fastest Growing Companies Two Years in a Row.
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Check fraud continues to pose a significant threat to businesses of all sizes, and bad actors are getting more creative and aggressive. From check washing to email scams, these criminals have numerous tools to alter checks and it is imperative to have strategies in place to provide maximum protection.
If your business has not yet been a victim of fraud, there is a high probability it will. According to the 2023 AFP Payments Fraud and Control Survey Report, 65% of organizations experienced payment fraud attacks/attempts in 2022. This holds true for all companies regardless of size or type, from large corporations with deep pockets to the smallest, least-prepared nonprofits.
Signature Bank ranked #15 on Crain’s Chicago Business List of Largest Banks. Signature Bank continues to focus exclusively on providing the best financial solutions with a relationship-based approach.
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.
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
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.Press Release Archive