Signature Bank
Insights into the Rise and Fall of Signature The failure of Signature Bank shocked the financial sector, as it occurred on the heels of the plummet of SVB just days before. Nathan Brittles details the history and circumstances of Signature’s demise. By Nathan Brittles.@nathan_brittles [shared_counts] On March 11, 2023, Signature Bank signed off. The U. S. government closed Signature down in the wake of the failure of Silicon Valley Bank a few days earlier. Signature Bank is an interesting story of survival, success, and ultimately, failure. Signature was founded in 2001 by 3 key men: Joseph DePaolo, Scott Shay and John Tamberlane.These three had previously worked at Republic National Bank of New York. Republic has its own interesting story, and in order to understand Signature, you need to know about…
