Signature Bank (SBNY) to Offer 3.5M Shares

Signature Bank (Nasdaq: SBNY) announced today an underwritten offering of 3,500,000 million shares of its common stock. The Bank will also grant to the underwriters a 30-day option to purchase up to 525,000 additional shares of common stock. The Bank intends to use the proceeds from the offering for general corporate purposes.

Goldman Sachs & Co. LLC, Morgan Stanley and Jefferies are acting as the bookrunners in the offering.

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