Scott A. Shay ('80)
Chairman of the Board, Signature Bank
Scott is a founder and has served as Chairman of the Board of Directors of Signature Bank since its inception 2001. Based in Manhattan, Signature Bank (NASDAQ:SBNY) is a full-service commercial bank serving clients throughout the metro-NY area from 29 private clients banking offices. Scott is based in New York.
After 17 years in operation, Signature Bank has grown organically from $43 million in assets and equity at its inception to $44 billion in assets, 37 billion in deposits and 4 billion in equity as of March 31, 2015. Since its IPO in 2004, Signature is the top-performing U. S. bank, based on stock market performance and total return.
Since 1980, Scott has been involved in commercial banking, investment banking and the venture capital industries. He served as managing director of Ranieri Partners and its predecessor entities since 1988. Prior to joining Ranieri Partners, Scott was a director and senior member of the mergers and acquisitions department of Salomon Brothers, Inc. where he headed the thrift M&A and mortgage banking practices. From 1997 until 2005, Scott served as a director of Bank Hapoalim, Signature Bank’s former parent company. He was a lead negotiator in the privatization of Bank Hapoalim, among the largest privatizations in Israel to date. Scott was a founding investor and director of Super Derivatives, which was sold to ICE in 2014 and remains the largest FinTech exit in the history of Israel. Scott was a founder and lead negotiator in the acquisition of Bank United of Texas where he served as a director. Scott is considered an expert and respected commentator on lending to small and medium sized businesses.
Scott received a BA in economics from Northwestern University in 1979 and was elected to Phi Beta Kappa. In 1980, he received an MM from the Kellogg Graduate School of Management at Northwestern University.