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Signature Bank To Appoint Eric Howell as CEO and President

Signature Bank — known to be friendly to crypto clients — announced today that DePaolo, its current CEO and president, will transition to a senior advisory role this year. The firm's chief operating officer, Eric Howell, will step into the president role, effective March 1, and will eventually take the reins as CEO following DePaolo's transition into the senior advisor role, the company said in a release.

Signature was the first FDIC-insured bank to launch a blockchain-based digital payments platform called Signet, which enabled clients to make real-time payments in U.S. dollars using blockchain technology. It was also the first blockchain-based solution approved for use by the New York Department of Financial Services (NYDFS).

(By Kari McMahon)

Get the latest news here: Cointime channel — https://t.me/cointime_en

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