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Signature Bank Prices Common Stock Offering

· 02/05/2021 00:17

05:13 AM EST, 02/05/2021 (MT Newswires) -- Signature Bank (SBNY) priced an underwritten public offering of 3.5 million common shares.

The company granted the underwriters an option to purchase up to an additional 525,000 shares. The offering is expected to close Feb. 8.

Signature Bank intends to use the proceeds for general corporate purposes.

Price: 180.65, Change: -2.66, Percent Change: -1.45