The FDIC has pledged to make Signature Bank depositors whole, even beyond the FDIC-insured amounts of $250,000. As of a 2022 regulatory filing, 90% of the bank’s $89 billion in deposits exceeded the FDIC maximum insured amount.nnnnnAs part of the federal government’s plan to prevent financial panic and bank runs, it created the Signature Bridge Bank, N.A. Customers can access their funds and perform normal banking operations at the bridge bank. The FDIC will update those customers regarding any changes and what happens when it completes the sale of the bank.nnnnnSignature Bank customers can also visit the FDIC FAQ for answers on what they can do. Many of Signature Bank’s customers were small and medium-sized businesses (SMBs). They shouldn’t experience interruptions to making payroll or other essential cash flow needs.nnnnnMany NY-based law firms had accounts with the bank. It also served the commercial real estate market. After launching in 2001 and going public in 2004, Signature Bank was one of the fastest growing banks in the nation. It expanded into other areas in 2007 with a multifamily lending unit. It also expanded into equipment financing in 2012 with its Signature Financial unit.nnSignature Bank Commercial Financing customers can still access their account details through the Signature Bridge Bank. Anyone with a pending loan should contact their loan officer for more details.