SOURCE: TrusteSolutions

TrusteSolutions

July 13, 2015 09:35 ET

Financial Software Solutions, LLC and Signature Bank Forge Alliance to Offer Services to Bankruptcy Trustees

HOUSTON, TX--(Marketwired - Jul 13, 2015) - Financial Software Solutions, LLC, the technology leader providing cloud-based and mobile case management solutions to bankruptcy trustees, and Signature Bank (NASDAQ: SBNY), a New York-based full-service commercial bank, announced today their agreement to jointly offer depository and technology services to trustees and other fiduciaries administering bankruptcy and receivership cases.

Financial Software Solutions is the provider of the TrusteSolutions™ and BlueStylus® SAAS product lines, which are known industry wide for their robust, high-performing and secure platforms. FSS's commitment to product innovation and superior service has resulted in steady year-over-year growth for the last 10 years.

Signature Bank's Bankruptcy Services group focuses on providing comprehensive, customized cash management and investment solutions that support all stages of Chapter 7 and Chapter 11 bankruptcy proceedings. Over the past few years, the Bank has expanded its Bankruptcy Services capabilities by attracting industry-leading professionals and entering into various related business lines. This has enabled Signature Bank to emerge as one of the leaders in this specialized arena.

"We are pleased to have Signature Bank as our newest partner bank. They share the same commitment to service and quality product as we do. This partnership is an excellent opportunity for both organizations to further expand our reach into these markets," says Kristi Singal, president and CEO of FSS.

"We look forward to this alliance with Financial Software Solutions as we further enhance our bankruptcy services offering. This agreement allows us to better serve bankruptcy trustees and professionals, an area in which the Bank has expanded its efforts over the past several years when we made a commitment to specifically cater to this fiduciary services market niche. We have added talented bankers to our private client banking network whose vast experience quickly positioned Signature Bank as one of the leaders in the provision of bankruptcy services and solutions. Our alignment with Financial Software Solutions helps round out the services we bring to our clients," explained Joseph J. DePaolo, President and Chief Executive Officer.

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial bank with 29 private client offices throughout the New York metropolitan area, including those in Manhattan, Brooklyn, Westchester, Long Island, Queens, the Bronx, Staten Island and Connecticut. 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. Its specialty finance subsidiary, Signature Financial, LLC, provides equipment finance and leasing. Signature Securities Group Corporation, a wholly owned Bank subsidiary, is a licensed broker-dealer, investment adviser and member FINRA/SIPC, offering investment, brokerage, asset management and insurance products and services.

Since commencing operations in May 2001, the Bank has grown to $28.6 billion in assets, $24.0 billion in deposits, $2.6 billion in equity capital and $3.6 billion in other assets under management as of March 31, 2015. Signature Bank's Tier 1 and risk-based capital ratios are significantly above the levels required to be considered well capitalized.

Signature Bank was named the Best Bank in America by Forbes for 2015 and the only large cap bank to appear on Forbes' list of America's 50 Most Trustworthy Financial Companies. Signature Bank also was voted Best Business Bank by the New York Law Journal in the publication's fifth annual reader survey; named the nation's fifth top-performing bank by ABA Banking Journal; and ranked seventh on Bank Director magazine's 2014 Bank Performance Scorecard for banks with assets between $5 and $50 billion.

For more information, please visit www.signatureny.com.

About TrusteSolutions™ and FSS

TrusteSolutions™ is a division of Financial Software Solutions, LLC, a Houston-based software company that provides cloud-based enterprise software to professionals across the United States. FSS also offers a suite of Web-based apps for legal professionals through its BlueStylus® division, which includes time and billing tools and document-sharing solutions. FSS is dedicated to providing enterprise-level software that is easy to learn and easy to use, helping businesses do more with fewer resources for enhanced productivity.

To learn more, visit www.trustesolutions.com.

Contact Information

  • Kristi Singal
    Financial Software Solutions, LLC
    713-552-0100
    Email Contact