Signature Bank seeks more C&I loans to take advantage of rising rates | American Banker

0
24
This post was originally published on this site


Signature Bank in New York has rapidly expanded its commercial real estate lending over the last several years, but now it is ready to tap the brakes a bit and add more commercial and industrial loans to the mix.

President and CEO Joseph DePaolo told analysts Wednesday that the $40.3 billion-asset bank also wants to start growing its investment portfolio as part of a broader move to diversify a balance sheet that has become heavily weighted toward multifamily and non-owner-occupied commercial real estate loans.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.