With recent concerning news about banks since Friday, March 10th, it is important to acknowledge that Signature Bank of Georgia is not affiliated in any way with Signature Bank of New York. While there are other banks that carry Signature Bank in their names, there is only one Signature Bank of Georgia, and it is in no way associated with any others. Additionally, we want to assure our clients and shareholders of Signature Bank of Georgia’s well capitalized position and soundness. Signature Bank of Georgia does not engage in any venture capital or crypto currency-based business relationships.

Regarding Signature Bank of Georgia’s financial standing, a Bank’s ratio of Tier 1 capital to average assets, known as the “leverage ratio,” is considered “Well Capitalized” by the regulators when above 5%. At Signature Bank of Georgia, our leverage ratio rose to 11.80% as of the month ended February 28, 2023. With its recent capital campaign being sold out on a commitment basis, the ratio will rise to approximately 15%, which is well more than the “Well Capitalized” definition by regulators.

Liquidity is associated with capital to a degree, in that at higher levels, it allows banks to borrow for funding needs rather than selling securities or funding through other measures. In the case of Signature Bank of Georgia, it currently sits at a liquidity ratio of 28.58% compared to a policy of 10%, which is almost three times the level targeted. In addition to this higher level of liquidity, the bank also maintains the ability to borrow with committed lines of credit from other banks as well as the Federal Home Loan Bank, which would move its liquidity to more than 45%.

Whether you are a client, an investor in the bank or both, this bank is truly different than many others, and certainly those you might have read about recently in the news. We thank you for being part of the Signature Bank of Georgia family and felt as though we should share some of the true differences between this bank and many others in the industry.

For any further questions, feel free to contact Executive Vice Chairman, Freddie Deutsch, [email protected] at 770-313-7237, or Chief Executive Officer, Charlie Brown, [email protected] at 470-799-9288.