Business & Tech
Failed Signature Bank With $95 Million Invested From Nassau County
The bank has five locations across Nassau County.

NASSAU COUNTY, NY — The failure of New York City-based Signature Bank left its mark on Nassau County.
The bank has $95 million in certificates of deposit from Nassau, Long Island Business News reported.
Signature Bank has Long Island branches in Garden City, Great Neck, Hauppauge, Jericho, Melville, Rockville Centre and Woodmere.
Find out what's happening in Rockville Centrefor free with the latest updates from Patch.
Signature and California's Silicon Valley Bank collapsed in the last few days.
"The county executive, comptroller, and treasurer are monitoring the situation regarding the bank and we are confident all taxpayer funds are safe," the county said in a statement. "County leadership will remain focused on this evolving situation. Our top priority is protecting Nassau County taxpayer dollars and ensuring the continued fiscal stability of our county."
Find out what's happening in Rockville Centrefor free with the latest updates from Patch.
The county money with Signature is fully insured and represents less than 5 percent of Nassau's cash balances, Long Island Business News said.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.