StockWatch
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Commercial Banks
MergerAug 3, 2026, 09:03 AM

Esquire Financial completes Signature Bancorporation merger

AI Summary

Esquire Financial Holdings, Inc. announced the completion of its merger with Signature Bancorporation, Inc., effective August 1, 2026. The transaction involved a multi-step merger process, including the merger of Signature Bank into Esquire Bank. Signature shareholders received 2.671 shares of Esquire Common Stock for each Signature share. The combined entity boasts approximately $4.8 billion in total assets, $3.3 billion in loans, and $4.0 billion in total deposits, and expands Esquire's presence in the Chicago and Midwest markets. Additionally, Michael G. O’Rourke and Leonard S. Caronia, former Signature executives, were appointed to Esquire's board of directors.

Key Highlights

  • Merger with Signature Bancorporation, Inc. completed on August 1, 2026
  • Each Signature share converted into 2.671 shares of Esquire Common Stock
  • Combined company has approximately $4.8 billion in total assets
  • Combined company has $3.3 billion in loans and $4.0 billion in total deposits
  • Michael G. O’Rourke and Leonard S. Caronia appointed to Esquire's board of directors
  • Signature Bank will operate as "Signature, a division of Esquire Bank"
  • Michael G. O’Rourke to serve as President of the new division