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Signature Bank (SBNY) stock is not currently trading. Regulators announced on Sunday, March 12, 2023 that Signature Bank had been closed to protect depositors and the bank’s assets. Fear from the sudden collapse of Silicon Valley Bank (SIVB) just days earlier on Friday, March 10, 2023 led to a similar bank run at Signature Bank that resulted in the sudden withdrawal of more than $10 billion in deposits, according to CNBC.
New York state regulators closed Signature Bank and named the Federal Deposit Insurance Corporation (FDIC) as receiver of its assets and deposits. The FDIC will operate the newly-created Signature Bridge Bank, N.A. until it can find a potential bidder.
No. Signature Bank stock is not currently trading. New York state regulators closed Signature Bank and named the Federal Deposit Insurance Corporation (FDIC) as receiver of its assets and deposits.
The Nasdaq Stock Market announced on Monday, March 13, 2023 that trading of Signature Bank stock will remain halted until the bank “has fully satisfied Nasdaq’s request for additional information.”
Moreover, a statement by federal regulators notes that Signature Bank shareholders will not be protected, meaning any losses to your investment may not be recoverable.
Even though you can’t buy Signature Bank stock on the Nasdaq, you can invest in other publicly traded banks.
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Information on this page is for educational purposes only. Finder is not an advisor or brokerage service, and we don't recommend investors to trade specific stocks or other investments.
Finder is not a client of any featured partner. We may be paid a fee for referring prospective clients to a partner, though it is not a recommendation to invest in any one partner.
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