Trump Curse? Signature Bank FAILS! Same Woke Bank that Closed President Trump’s Accounts Two Years Ago Over January 6 Riot
Signature Bank in New York once had a close business relationship with the Trump family with Ivanka serving on the bank’s board of directors from 2011-2013, but the bank severed ties with President Trump and closed his accounts in protest of the January 6, 2021 riot at the Capitol and called for his resignation. Two years later Signature Bank collapsed and was taken over by regulators.
Image via Yelp.
Flashback January 12, 2021 via Real Estate Weekly (excerpt):
For the first time in its 20-year history, prominent real estate lender Signature Bank has issued a comment on the nation’s politics with a call for President Donald Trump to resign.
“We have never before commented on any political matter and hope to never do so again,” said the New York-based bank led by Joseph J. DePaolo. “However, as Americans we are deeply, deeply saddened by the rioting and insurrection which took place in the most sacred of American institutions, our United States Capitol.”
As well as closing Trump’s personal accounts at the bank, Signature has also warned it “will not do business in the future with any members of Congress who voted to disregard the Electoral College.”
…But in a scathing rebuke, Signature Bank demanded Trump’s resignation for fanning the flames of hate that led to last week’s attack on the Capitol Building by thousands of Trump supporters.
“As Americans we are deeply, deeply saddened by the rioting and insurrection which took place in the most sacred of American institutions, our United States Capitol,” said the statement.
“To witness a rioter sitting in the presiding chair of the U.S. Senate and our elected representatives being told to seek cover under their seats is appalling and an insult to the Republic.
“We witnessed the President of the United States encouraging the rioters and refraining from calling in the National Guard to protect the Congress in its performance of duty.
“At this point in time, to ensure the peaceful transition of power, we believe the appropriate action would be the resignation of the President of the United States, which is in the best interests of our nation and the American people.”
Flash forward two years to March 12:
Statement by the New York Department of Financial Services
Superintendent Adrienne A. Harris announced today that the New York Department of Financial Services (DFS) has taken possession of Signature Bank, pursuant to Section 606 of New York Banking Law, in order to protect depositors. DFS appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of the bank.
Signature Bank is a New York state-chartered commercial bank and is FDIC-insured, with total assets of approximately
Source: The Gateway Pundit