Signature Bank of Georgia Raises Over $5 Million To Fuel Growth

Sign up for the Sandy Springs Patch newsletter!

---

Sandy Springs-based Signature Bank of Georgia has successfully raised over $5 million through an offering of the bank’s common stock, bank President and CEO Freddie Deutsch said last week.

“We are pleased to report that we have exceeded our goal to fund future growth and accelerate the disposition of the bank’s remaining problem assets,” Deutsch added.

The new equity capital was raised through an offering of its common stock to existing shareholders and new accredited investors.

“The Board and I were delighted by the strong demand for our stock from both new and existing shareholders,” Deutsch continued. “Their confidence to invest in Signature Bank will help us grow our capital base, build earnings and expand our market share.”

Stephanie L. Vickers, executive vice president and chief financial officer with Signature Bank, added the organization is excited to put “this additional capital to work” by bolstering the bank within north metro Atlanta.

“We are the bank that ‘Makes it Personal’ and we invest a lot of time and energy to help make our clients successful. Having investors show the same confidence in us is gratifying,” Vickers added.

Established in 2005, Signature Bank of Georgia is the only locally owned and operated community bank headquartered in Sandy Springs. It’s located at 6065 Roswell Road between Hammond and Hilderbrand drives.

---

Image via Shutterstock