FDIC Names Greg Carmichael CEO of Signature Bridge Bank

The FDIC named Greg D. Carmichael chief executive of Signature Bridge Bank, N.A. on March 12, 2023. He had led Fifth Third Bancorp as its president and chief executive before the move. New York's Department of Financial Services closed Signature Bank that same day. The FDIC stepped in as receiver, moving most of the bank's deposits and assets into the new bridge entity. Signature Bridge Bank opened its doors on March 13, 2023, Connect CRE reported. Depositors and borrowers kept their service.