Signature Bank Partners With Chicago’s 1871 To Offer Banking Services For Members

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Chicago Commercial Bank Demonstrates Ongoing Commitment To Chicago Business Community

Signature Bank’s commitment to the Chicago business community and our strategy of embracing technology to offer our customers convenient, fast and secure banking services made this partnership with 1871 a natural fit.

Signature Bancorporation, Inc. today announced that it has entered into a new partnership with Chicago’s 1871, an entrepreneurial hub for start-ups.

Signature Bank will offer concierge services and office hours for 1871 members for easy account start-up, establishment of deposits, and technology implementation. The bank will also establish banking relationships with members to provide fast and personal access for growth and lending opportunities.

“Signature Bank’s commitment to the Chicago business community and our strategy of embracing technology to offer our customers convenient, fast and secure banking services made this partnership with 1871 a natural fit,” stated Michael O’Rourke, president of Signature Bank. “We already have customers achieving success within the 1871 community and look forward to being the bank of choice for other members.”

In addition to the concierge banking services 1871 members will receive, the Signature Bank team will also offer monthly educational and tutorial sessions during official office hours on the first Tuesday of each month. Signature Bank will cover topics including cashflow management, alternative financing options, readiness for SBA funding and optimizing QuickBooks.

“With office hours and direct services for 1871 startups, our partnership with Signature Bank provides yet another important resource for our members,” said 1871 CEO Howard A. Tullman. “This opportunity is directly in line with 1871’s commitment to continually expanding the resources we provide in order to help our startups succeed."

“When I started my company, I wanted to work with people who understood my business plan, my challenges and what I was setting out to achieve,” stated Colm Lennon, President of Haka Products, a Signature Bank customer and 1871 member. “Signature Bank and 1871 were the perfect partners for my business. Both were Chicago start-ups that achieved success and I knew that their experience and entrepreneurial foundation would benefit my company and my plans for growth.”

Signature Bank Chicago branch and office is located at 191 North Wacker Drive, Chicago, IL 60606 and can be reached at 773-467-5600 or through http://www.signature-bank.com.

About Signature Bank

Signature Bank is wholly owned by Signature Bancorporation, Inc. At its founding in 2006, Signature Bancorporation became the largest privately funded de novo bank holding company in Illinois. Based in Chicago, Signature Bank specializes in middle-market commercial banking and is a full-service retail bank offering an extensive range of financial product lines to consumers. Signature Bank offers a unique balance of relationship-driven service with leading-edge technology to provide customers with the personalization they expect from a community bank and the technology capabilities they demand from a national bank. Visit Signature Bank online at http://www.signature-bank.com. Member FDIC.

About 1871
1871 is an entrepreneurial hub for digital startups. Located in The Merchandise Mart, the 75,000-square-foot facility provides Chicago startups with programming, access to mentors, educational resources, potential investors and a community of like-minded entrepreneurs that help them on their path to building successful businesses. 1871 is the flagship project of the Chicagoland Entrepreneurial Center.

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