'Many depositors at these banks are small businesses, including those driving the innovation economy, and their success is key to New York's robust economy,' she said.

government's actions on Sunday would provide 'increased confidence in the stability of our banking system.' In a statement, New York Governor Kathy Hochul said she hoped the U.S. 6 riots on Capitol Hill, and urged Trump to resign.

Signature Bank cut ties with Trump in 2021 following the deadly Jan. The bank had a long-standing relationship with former President Donald Trump and his family, providing Trump and his business with checking accounts and financing several of the family's ventures. DePaolo has served as president and CEO since Signature's inception in 2001. Signature Bank announced in February that its chief executive officer, Joseph DePaolo, would transition into a senior adviser role in 2023 and would be succeeded by the bank’s chief operating officer, Eric Howell. Signature was a commercial bank with private client offices in New York, Connecticut, California, Nevada and North Carolina, and had nine national business lines including commercial real estate and digital asset banking.Īs of September, almost a quarter of its deposits came from the cryptocurrency sector, but the bank announced in December that it would shrink its crypto-related deposits by $8 billion.