Signature Bank offers non-cumulative preferreds via four bookrunners

By James McCandless

San Antonio, Dec. 10 – Signature Bank plans to price an offering of series A non-cumulative perpetual preferred stock, according to a press release.

Morgan Stanley & Co. LLC, BofA Securities, Inc., Keefe, Bruyette & Woods, Inc. and UBS Securities LLC are the bookrunners.

The company plans to use the proceeds for general corporate purposes.

Signature Bank is a New York-based financial services company.

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