FDIC Establishes Signature Bridge Bank, N.A., as Successor to Signature Bank, New York
March 14, 2023
March 14, 2023
WASHINGTON, March 14 -- The Federal Deposit Insurance Corporation issued the following news release on March 12, 2023:
Signature Bank, New York, NY, was closed today by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC transferred all the deposits and substantially all of the assets of Signature Bank to Signature Bridge Bank, N.A., a full-service bank that will be operate . . .
Signature Bank, New York, NY, was closed today by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC transferred all the deposits and substantially all of the assets of Signature Bank to Signature Bridge Bank, N.A., a full-service bank that will be operate . . .