Signature Bank's Community Development Program
The Community Reinvestment Act (CRA) was enacted in 1977 to encourage financial institutions to help meet the credit needs of all segments of their communities, including low- and moderate-income neighborhoods. The CRA provides a framework for depository institutions and community organizations to work together to promote the availability of credit and other banking services to under-served communities.
At Signature Bank, our approach to CRA and Community Development is based on forming strategic partnerships to meet the credit needs of individuals, businesses, municipalities and community-based organizations. We make available a diverse line of loan and service products for our many constituents, and we provide technical assistance and grants to not-for-profit organizations active in meeting the needs of the community.
Signature’s Community Development Officer (CDO) serves as the community’s link to the expertise and financial products that the Bank offers. The CDO is also committed to becoming a part of the community on behalf of the Bank through involvement in community activities and by serving on the boards of community-based organizations. Through the CDO’s active participation at the local level, Signature Bank has developed a first-hand understanding of the banking needs facing our neighbors and communities.
To learn more about how Signature Bank’s products, programs and resources can help strengthen
your community, contact:
Michael Schwartz, Community Development Officer
565 Fifth Avenue
New York, New York 10017