New York Department of Financial Services takes possession of Signature Bank

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New York Department of Financial Services takes possession of Signature Bank
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BREAKING: The New York Department of Financial Services has taken possession of Signature Bank.

Signature Bank is a New York state-chartered commercial bank and is FDIC-insured, with total assets of approximately $110.36 billion and total deposits of approximately $88.59 billion as of December 31, 2022.

"Throughout the weekend, DFS Superintendent Adrienne Harris and I have been working closely with Federal partners on ways to stabilize the banking sector and protect the hard-earned money of New Yorkers whose livelihoods depend on impacted companies."

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