Analysis of Signature Bank's Comments at Goldman Sachs US Financial Services Conference

– Joseph John DePaolo, Signature Bank Co-Founder, President, CEO & Director

Founder Joseph John DePaolo opened the conference by clarifying that Signature is not a crypto-only bank. At their core, they are a commercial bank that has had success bringing on additional secondary focus segments and opportunities. At the center of his statement is the fact that Signature has no crypto loans and no exposure to FTX. This is in contrast to peer Silvergate which focuses predominantly on digital assets and offers crypto loans through its SEN Leverage product.