ESQ news

Esquire Financial Holdings reported record net income and completed its acquisition of Signature Bank to form a combined $4.75B asset bank, targeting April 2027 system integration.

Esquire Financial Holdings, Inc. completed its acquisition of Signature Bancorporation, Inc. on August 1, 2026, creating a combined entity with $4.8 billion in assets. This strategic merger enhances Esquire's footprint in the Midwest and expands its commercial banking capabilities.

Esquire Financial reported higher net income and strong commercial loan growth, led by litigation loans, and noted its merger with Signature Bank is set to close August 1, 2026.

Esquire and Signature finalized the merger exchange ratio at 2.671 shares of Esquire stock per Signature share following a 62% recovery on asset sales. The adjustment requires Esquire to issue roughly 54,000 additional shares compared to previous estimates.

Esquire Financial Holdings and Signature Bancorporation announced receipt of all required regulatory approvals for their proposed merger, including a Federal Reserve waiver and OCC approval. The transaction now awaits stockholder/shareholder votes and customary closing conditions before completion.