Company Information

Get to know Signature Bank

Founded in 2001, Signature Bank was a New York state-chartered commercial bank and a member of the FDIC. It focused on serving privately owned businesses, their owners, and senior managers, operating on a single-point-of-contact model through private client banking teams. While initially a traditional commercial bank, it became widely known in its later years for its expansion into the cryptocurrency industry, providing banking services to crypto firms and launching the Signet platform, a real-time blockchain-based digital payments system. On March 12, 2023, the bank was closed by the New York State Department of Financial Services. The FDIC was named receiver, and its deposits and certain assets were subsequently acquired by Flagstar Bank, N.A.

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Signature Bank

United States

Founded in

2001 (25 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

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Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.