Failed Bank Information for Signature Bank, New York, NY

The full balance of all deposit accounts has been transferred to Signature Bridge Bank, N.A.

You may continue to use your checks and ATM/Debit card. Direct deposits like paychecks and social security benefits will continue as usual. Please refer to the Banking Services section below for more details.

EDIE — Electronic Deposit Insurance Estimator
Calculate insurance coverage of deposit accounts

Facts for Depositors
General information explaining the role of FDIC

You should continue to make payments, including escrow payments, as usual; the terms of your loan will not change.

If your loan is currently in process or you had a line of credit, contact your loan officer.

If you received notice that the FDIC retained your loan, and you have questions, please visit the FDIC Information and Support Center.

Obtaining a Lien Release
Process on getting a release of lien

Borrower’s Guide to an FDIC Insured Bank Failure
Overview of how FDIC processes loans

Facts for Borrowers
General information explaining the role of FDIC

You may be eligible to file a claim against the FDIC as Receiver.

If you have not been paid for services rendered prior to March 12, 2023, please refer to the Filing Claims section below.

Facts for Creditors
General information explaining the role of FDIC

About Signature Bridge Bank, N.A.
All deposits and substantially all assets have been transferred to Signature Bridge Bank, N.A., a full-service bank that will be operated by the FDIC as it markets the institution to potential bidders. Signature Bank had 40 branches across the country in New York, California, Connecticut, North Carolina, and Nevada. Banking activities resumed Monday, March 13, 2023, including online banking. Depositors and borrowers automatically became customers of Signature Bridge Bank, N.A. and continue to have uninterrupted customer service and access to their funds by ATM, debit cards, and writing checks in the same manner as before. Signature Bank’s official checks will continue to clear. Loan customers should continue making loan payments as usual.

The FDIC, as Receiver for Signature Bank, has also transferred all Qualified Financial Contracts (as defined in 12 USC 1821(e)) of the failed bank to the bridge bank.

A bridge bank is a chartered national bank that operates under a board appointed by the FDIC. It assumes the deposits and certain other liabilities and purchases certain assets of a failed bank. The bridge bank structure is designed to “bridge” the gap between the failure of a bank and the time when the FDIC can stabilize the institution and implement an orderly resolution.

The FDIC named Greg D. Carmichael as CEO of Signature Bridge Bank, N.A. Mr. Carmichael recently served as president and CEO of Fifth Third Bancorp.

Contacting Signature Bridge Bank, N.A.

Signature Bridge Bank, N.A.
565 5th Ave
New York, NY 10017

Signature Bridge Bank, N.A. (www.signatureny.com)

Brokered Accounts
All deposit accounts, including brokered deposits, have been assumed by Signature Bridge Bank, N.A. If you are a customer who has a Signature Bank deposit through a broker, you must contact your broker with any questions.

Deposit Broker's Processing Guide

Automatic Payments/Bill Pay/Online Banking
These services will continue as usual. Your routing number and account number will remain the same until you are notified in writing by Signature Bridge Bank, N.A.

ATM and Debit Cards
Your ATM/Debit card will continue to work as usual.

Checks
Your checks will be processed as usual. All outstanding checks will be paid against your available balance(s). Signature Bridge Bank, N.A. will contact you soon regarding any changes in the terms of your account. If you have a problem with a merchant refusing to accept your check, please contact your branch office.

Direct Deposit
All direct deposits, for example, social security, payroll, veterans' benefits, disability, unemployment or any payment you receive electronically will continue as usual.

Certificates of Deposit (CDs)
Interest on deposits accrued through close of business on March 12, 2023 will be paid at your same rate. Signature Bank’s rates will be reviewed by Signature Bridge Bank, N.A. and you will be notified in writing of any changes. You may withdraw funds from any transferred account without early withdrawal penalty until you enter into a new deposit agreement with Signature Bridge Bank, N.A.

Overdraft Lines of Credit
These lines have been transferred to Signature Bridge Bank, N.A. Please contact Signature Bridge Bank, N.A. if you have additional questions regarding your accounts.

Safe Deposit Boxes
You will have access to your safe deposit boxes. Any changes will be communicated by Signature Bridge Bank, N.A.

Tax Reporting — 1098 and/or 1099
Signature Bridge Bank, N.A. will be responsible for mailing your 1099 tax information. Your 1098 reporting will be done by the FDIC or the servicer of your loan. You will be notified of any changes in ownership or servicing of your loan.

Creditors
If you or your company provided a service or product, leased space, furniture, or equipment to Signature Bank prior to March 12, 2023 and have not been paid, you may have a claim against Signature Bank.

Any party/claimant who wishes to submit a Receivership claim electronically should utilize the Non-Deposit FDIC Claims Portal or email nondepclaimsdal@fdic.gov.

Please note: There are time limits for filing a claim. Your claim must be filed on or before 07/17/2023 (the "Claims Bar Date").

Under federal law, failure to file a claim on or before the Claims Bar Date will result in disallowance of the claim by the Receiver. The disallowance will be final. 12 U.S.C. Section 1821(d)(5)(C).

NOTE TO CLASS CLAIMANTS: By law, the Receiver will not accept a claim filed on behalf of a proposed class of individuals or entities or a class of individuals or entities certified by a court. EACH individual or entity must file a separate claim with the Receiver.

Priority of Claims
In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:

1. Depositors
2. General Unsecured Creditors
3. Subordinated Debt
4. Stockholders