Five ways to help protect your business from check fraud
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.
Business Fraud Protection – Banking Best Practices
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.
Crain’s List Largest Banks
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.
Signature Bank Statement
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
Other ‘Signature’ and ‘Republic’ Banks Tackle Marketing Crisis
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 in New York went under on Sunday. Other lenders also named Signature Bank are scrambling to let customers know they’re still open for business.
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.
Huey: “The unholy trinity of wealth destruction”
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.
Did you hear Signature Bank collapsed? But not that one. Or that one.
Signature Bank would like its clients to know it is doing fine. And so would Signature Bank.
Signature Bank Illinois: “On solid financial footing and ready to expand”
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.
Signature Ranks #15 on Crain’s List of Largest Banks
Crain’s released the 2022 List of Largest Banks with Signature Bank at #15 and #1 for return on average equity.
Beyond rewards—the real value of your corporate credit card
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.
Signature Ranks #20 on Crain’s List of Largest Banks
Crain’s released the 2021 List of Largest Banks with Signature Bank at #20 and #1 for return on average equity.
Business Recovery Will Require Resilience, Relationships
Business recovery will require resilience and relationships, according to Signature Bank President and CEO Mick O’Rourke. Read his latest contribution to the Daily Herald Business Ledger.
Signature Ranks #22 on Crain’s List of Largest Banks
Crain’s released the 2020 List of Largest Banks with Signature Bank at #22 and #1 for return on average equity.
Signature Bank Finances J.A. Air Center, a Top-Ranked Fixed Base Operator at Aurora Municipal Airport
Disrupting B2B Payments in 2020
Signature Bank SVP of Treasury Management predicts that 2020 will be the year of disruption in B2B payments.
Community Banks Lead the Way in PPP Lending
Read Signature Bank Co-Founder Kevin Bastuga’s latest article in the Daily Herald Business Ledger to find out why it’s more important than ever to know your banker.
Signature Bank Co-founder Bryan Duncan offers insight into what you can do as a business owner to navigate your way through the COVID-19 crisis.
Duncan offers ideas on funding, relief and resources for small businesses during COVID-19.