"Esquire's acquisition of Signature Bank will enhance our operating profile, expand our resources, and diversify our balance sheet while maintaining a robust capital position for continued expansion in our unique national litigation platform."
"The merger will bring together two institutions with highly complementary commercial banking operations and capabilities, allowing us to better serve the financial needs of plaintiff law firms."
"By bringing together Signature's strong Midwest commercial banking franchise with Esquire's national capabilities, we will have greater resources and expanded reach to serve our clients."
Esquire Bank has agreed to acquire Signature Bank for $348.4 million in stock, enhancing its portfolio and resources in the Midwest. This merger will provide Esquire with a combined $4.8 billion in assets and access to Chicago's fourth-largest litigation market. The deal aims to diversify Esquire's funding concentrations and combine its legal banking expertise with Signature's commercial strengths. Esquire Bank has specialized in serving plaintiff law firms for over 20 years, while Signature has a strong history in commercial banking.
Read at www.amny.com
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