Signature Bank Ltd refutes affiliation with failed New York-based bank


A Nigerian financial institution, Signature Bank Limited, has denied any link with the New York-based Signature Bank that was recently shut down by United States financial regulators.

The bank said in a statement that Signature Bank Limited is wholly Nigerian adding that it officially opened to customers on November 21, 2022

“The attention of the Bank has been drawn to recent news surrounding the closure of Signature Bank, New York, by US financial regulators on Sunday, March 12, 2023.

“For purposes of clarity, we wish to inform the general public that Signature Bank Limited has no affiliation, relationship, or connection (business or otherwise) with Signature Bank, New York, or any other bank outside of Nigeria.

“Signature Bank Limited is a wholly owned Nigerian Bank that officially opened to customers on November 21, 2022, with its Head Office in Abuja, Signature Bank Limited has put in place robust technology and digital banking channels that will ensure customers can access its services from the comfort of their homes, offices, or at leisure.

“Signature Bank Limited is overseen by a deeply experienced and renowned board of directors led by Dr. Mutiu Sunmonu (CON).

“Signature Bank Limited is committed to deliver banking to every Nigerian’s doorstep through digital channels and a focus on service excellence and customer centricity.

“We believe that the individuality and uniqueness of every customer should be celebrated,” the bank said.

Recall that New York-based Signature Bank was shut down by the U.S. regulators March 12, 2023.


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