Benzinga | Jan 19, 2022 06:17AM EST

Signature Bank Priced 2.1M Share Public Stock Offering @$352/Share

Signature Bank (NASDAQ:SBNY), a New York-based full-service commercial bank, announced today the pricing of its underwritten offering of 2,100,000 shares of common stock at $352.00 per share. The Bank has also granted to the underwriters a 30-day option to purchase up to 315,000 additional shares of common stock. The Bank intends to use the proceeds from the offering for general corporate purposes.

Goldman Sachs & Co. LLC, Morgan Stanley and Jefferies are acting as the bookrunners in the offering. Closing of the offering is expected to occur on or about January 20, 2022, subject to customary closing conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor will there be any sale of the securities in any State in which any such offer, solicitation or sale would be unlawful. The offering will be made only by means of an offering circular.

Copies of the offering circular may be obtained from:

Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by phone: 1-866-471-2526, by facsimile: 212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com;Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; orJefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by phone: 1-877-821-7388 or by emailing Prospectus_Department@jefferies.com.The securities are not deposits and are neither insured nor approved by the FDIC. The securities are being offered pursuant to an exemption from registration under the Securities Act of 1933 provided by Section 3(a)(2) of such Act.