Signature Bank appoints Jalak Jobanputra and Mike Pappagallo to its Board as Independent Directors

– USA, NY –  Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, today announced the appointment of Jalak Jobanputra to its Board as an Independent Director, effective March 31, 2022, replacing Katie Byrne who stepped down from the Board.

The company also announced the appointment of Mike Pappagallo to its Board as an Independent Director, effective April 2, 2022, replacing George Tsunis who resigned to assume the role of U.S. Ambassador to Greece. He served one year of his three-year term, from 2021 to 2022.

. The diverse Board remains at nine members, six of whom are independent directors.

“Concurrently, we welcome Jalak and Mike. Jalak brings deep expertise in digital finance as one of the first investors to identify digital and cryptocurrency ecosystems while also recognizing their revolutionary relevance to and influence on the financial services industry. Jalak’s guidance will be advantageous as we further strengthen our pioneering, leadership role in the digital asset and blockchain space. Mike’s vast experience in the commercial real estate and financial arenas was beneficial to our Board during his previous term, and we are confident his knowledge will continue to bode well for our future growth trajectory. We all look forward to the positive impact Jalak and Mike will have on the Bank in their new Board roles,” said Board Chairman, Scott Shay.

About Jalak Jobanputra

Jalak Jobanputra brings nearly two decades of investment experience in financial technology and early-stage technology enterprises. She currently serves as Managing Partner of Future\Perfect Ventures, which she founded in 2014. FPV is an early-stage venture capital fund investing in decentralized technology focused on crypto-assets, blockchain technology, and the buildout of Web3. Before FPV, Jobanputra was Director of Emerging Market Mobile Investments at Omidyar Network, a philanthrocapitalist fund started by Pierre Omidyar, co-founder of eBay. Previously, she worked at Intel Capital investing in enterprise software in Silicon Valley. Other roles held were at New Venture Partners and the NYC Investment Fund, where she formed one of NYC’s first seed funds and helped establish the Fintech Innovation Lab in 2010. She began her career as a media/tech/telecom investment banker in New York City and London. Jobanputra was awarded Institutional Investor’s Most Powerful Fintech Dealmakers from 2016-to 2018. She was the recipient of the 2018 Microsoft VC Trailblazer Award. In 2017, Jobanputra was cited as a Top Five Investor Powering the Blockchain Boom by Crunchbase, which cited FPV as among the top venture capital funds in blockchain at a time when the industry was just in its embryonic stage. She is a magna cum laude graduate of The Wharton School of the University of Pennsylvania, where she earned a Bachelor of Science degree in economics (concentration in finance).

She also holds a Bachelor of Arts degree in communications from the Annenberg School for Communication of the University of Pennsylvania. She received her Master’s degree in Business Administration from Kellogg School of Management.

About Michael V. Pappagallo

Mike had previously served one three-year term, from April 2013-April 2016. His background spans more than 40 years of experience in financial and operations management, primarily in the commercial real estate and financial industries. Currently, he is President of Aspen Realty Advisors LLC, a real estate consulting firm he founded in 2016, which provides expertise in strategy, capital structure and financing, and infrastructure as well as direct transaction support. He also is the former President and CFO of Brixmor Property Group, a real estate investment trust focused on shopping centers, with an expansive portfolio of open-air retail malls. He spent 16 years at Kimco Realty Corporation as CFO and COO. Pappagallo also was CFO of GE Capital’s Commercial Real Estate business and held various other financial and business development positions for its lending and leasing businesses. Earlier, he served as a Certified Public Accountant and Senior Manager in the audit practice at KPMG. Pappagallo is a graduate of Iona College in New Rochelle, N.Y., where he earned a Bachelor’s degree in Business Administration.

About Signature Bank

Signature Bank, a member of FDIC, is a New York-based, full-service commercial bank with 38 private client offices throughout the metropolitan New York area, as well as those in Connecticut, California, and North Carolina. Through its single-point-of-contact approach, the Bank’s private client banking teams primarily serve the needs of privately owned businesses, their owners, and senior managers.

The Bank has two wholly-owned subsidiaries: Signature Financial, LLC provides equipment finance and leasing; and Signature Securities Group Corporation, a licensed broker-dealer, investment adviser, and member FINRA/SIPC, offers investment, brokerage, asset management, and insurance products and services.

Since commencing operations in May 2001, Signature Bank reached $118.45 billion in assets as of December 31, 2021. With $106.13 billion in deposits at year-end 2021, Signature Bank placed 19th on S&P Global’s list of the largest banks in the U.S., based on deposits.

Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payments platform. Signet allows commercial clients to make real-time payments in U.S. dollars, 24/7/365, and was also the first solution to be approved for use by the NYS Department of Financial Services.

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