Business Briefs 2-28-2014

CPWExecutive Association presents donation to Cerebral Palsy
The Executive Association of Westchester generously donated funds in 2013 to update CP/W’s Assistive Technology Center, which has had a tremendous impact on the program participants at CP/W.
The Executive Association’s generosity to CP/W is deeply appreciated. This year, they donated $13,000 to support CP/W’s sensory room. The sensory room will be equipped with new technologies that will bring instrumental enhancements to the learning process for adults and children with developmental disabilities at CP/W. These special technologies will make it easier for individuals who don’t have the normal use of their senses to touch, see, hear and smell like never before in their lives.
CP/W is very thankful to the Executive Association of Westchester for their help in realizing tomorrow’s potential today.
The executive association originated as a small forum of individuals working in a family-owned business. The association’s goal is to provide members an opportunity to discuss their business challenges with others working in similar environments. The forum also provides networking opportunities amongst the members.
In the 29 years since its inception, the executive association evolved into a business networking association of entrepreneurs with a philanthropic heart. The association holds two to three fundraising events per year and donates all proceeds to local charitable organizations.
Cerebral Palsy of Westchester’s mission is to advance the independence, productivity and full citizenship of people with Cerebral Palsy and other developmental disabilities. It is a nonprofit organization that provides essential educational services, vocational training, recreation, rehabilitation and advocacy to thousands of children and adults in Westchester County. CP/W is an organization proud to say that it realizes tomorrow’s potential today.
For more information about Cerebral Palsy of Westchester, visit their website at or contact Joan Colangelo, director of development at 914-937-3800 ext. 215 and by email at

Signature Bank named second-best bank in America by Forbes
Signature Bank, a New York-based, full-service commercial bank, recently announced it was named the second-best bank in the country by Forbes in its annual list of the best banks in America.
Signature Bank’s position advanced one notch to the second slot in the 2014 list from 2013, when it ranked third. The 2014 list inclusion marks Signature Bank’s fourth consecutive appearance on the list, where each time it ranked in the top 10.
Signature Bank has been recognized industry wide throughout 2013. Other accolades consist of ranking seventh in the list of top performing big banks domestically from the ABA Banking Journal, a trade publication; rating fifth in Bank Director Magazine’s annual bank performance scorecard; being named the No. 1 attorney escrow provider, the No. 2 business bank and the No. 2 private bank by the readers of the New York Law Journal in the legal periodical’s annual survey.
Forbes ranked the 100 largest publicly-traded banks and thrifts using nine measures of financial health: return on average equity; net interest margin; nonperforming loans or NPLs as a percentage of loans; nonperforming assets as percentage of assets; reserves as a percentage of NPLs; three capital ratios‑Tier 1, risk based and leverage‑and revenue growth. All data was provided by Charlottesville, Va.-based financial data provider SNL Financial, with the exception of revenue growth. Forbes compiled the ranking of the best and worst banks based on an average of the individual ranks of each metric.
The fifth annual ranking of Forbes’ America’s Best and Worst Banks 2014 was released on Dec. 19, 2013, on
“The fact that Signature Bank’s position continues to rise—despite an increasingly competitive and tumultuous banking landscape—is a true reflection of the dedication and talent of our entire network of private client bankers and financial professionals,” Joseph J. DePaolo, president and chief executive officer at Signature Bank, said.
“We continue to emphasize our single-point-of-contact approach, demonstrating our commitment to client care and this philosophy has served our institution, clients and bankers well since our founding nearly 13 years ago. We have consistently delivered record results across all our key metrics, including significant growth in deposits, loans and earnings, and we are honored that the bank’s performance was once again recognized by Forbes as well as other industry trade publications,” DePaolo said.
Signature Bank, member FDIC, is a New York based full-service commercial bank with 27 private client offices throughout the New York metropolitan area. The bank’s growing network of private client banking teams serves the needs of privately owned businesses, their owners and senior managers. Signature Bank offers a wide variety of business and personal banking products and services. The bank operates Signature Financial, LLC, a specialty finance subsidiary focused on equipment finance and leasing, transportation financing and taxi medallion financing. Investment, brokerage, asset management and insurance products and services are offered through the bank’s subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC.
Since commencing operations in May 2001, the bank has grown to $21.0 billion in assets, $16.05 billion in deposits, $1.76 billion in equity capital and $1.76 billion in other assets under management as of Sept. 30, 2013. Signature Bank’s Tier 1 and risk-based capital ratios are significantly above the levels required to be considered well capitalized.
Signature Bank has 27 offices. For more information, please visit
Julia B. Fee Sotheby’s sponsors Mamaroneck schools foundation event
On Feb. 5, Julia B. Fee Sotheby’s International Realty, the premier real estate firm in Westchester, announced the firm is the exclusive corporate sponsor of this year’s annual spring benefit event held by the Mamaroneck Schools Foundation. The benefit raises funds in support of programs, facilities, faculty training and more at Larchmont and Mamaroneck public schools.
“We are deeply honored to have the opportunity to participate in this gala event as the premium corporate sponsor,” said Linda Filby, Larchmont brokerage agent and member of the MSF advisory board. “All of us at Julia B. Fee Sotheby’s International Realty have deep ties to our local community and many of us have children attending schools in Larchmont and Mamaroneck. Supporting the foundation in its efforts to maintain educational excellence is very meaningful to us.”
As a sponsor, the company will be able to generate increased exposure in the local area by having its name appear on the MSF website, on the event invitation to be mailed to 1,400 local residents and on the event program. The company will also advertise its property listings in the program and attending agents will have an occasion to mix and mingle with members of the community.
The spring gala event will be named “Here Comes the Sun” in celebration of the British rock invasion of the 1960s. It will include a dance party and Beatles tribute band who will perform live music. The event, which will also feature a silent and live auction, will be held on the evening of April 26 at the Larchmont Shore Club.

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