Westchester County”™s former economic development director William M. Mooney III has returned to the private sector after seven years in the county executive”™s office, joining Signature Bank”™s private client banking team in Greenwich as a group director and senior vice president. He will be based in the bank”™s White Plains office.
His appointment was announced on Monday by Signature Bank. The commercial bank at the same time named a new four-person private client banking team with long business ties in Westchester for its White Plains office.
Mooney was a lawyer in private practice in Westchester when he joined the Republican administration of newly elected County Executive Robert P. Astorino in 2010 as senior assistant for government operations. In an intraoffice shuffle, he was named director of the county Office of Economic Development in June 2014, where he led operations of the county Industrial Development Agency and Local Development Corp. as their executive director and also oversaw the county Office of Tourism and Film.
Mooney resigned his post in March. Astorino last month named George Oros, a former county legislator and his chief of staff for seven years, to succeed the attorney as economic development director.
A graduate of Pace Law School, Mooney previously was a partner at the law firm of Plunkett & Jaffe Group of McKenna Long & Aldridge LLP and corporate counsel for the city of Yonkers.
Signature Bank officials in the announcement said he brings “a plethora of key contacts and relationships throughout Westchester County and New York state to his new role” on the private client team. Joseph J. DePaolo, Signature Bank co-founder, president and CEO, said “the relationships he has forged will prove beneficial to our role within the Westchester commercial banking arena.”
Led by Michael Maloney and Nick Mucilli, the new private client team in White Plains moved to Signature from Sterling National Bank”™s Yonkers and White Plains offices. Maloney and Mucilli each were named group director and senior vice president at Signature, while Daniel Olimpio and Lindsey Robertson each will serve as associate group director and vice president.
Maloney spent 24 of his 30 years in the finance and banking industry at Sterling and Hudson Valley Bank before its merger with Sterling in 2015. He was senior managing director/senior vice president at Sterling and was chief banking officer/executive vice president at Hudson Valley, managing the Yonkers-based bank”™s commercial business activities.
Mucilli, who also has 30 years in banking, most recently was senior managing director/director of cash management at Sterling and developed the cash management division for Hudson Valley Bank nearly nine years ago. He previously worked in retail banking and business development at Bank of New York in White Plains for more than 15 years.
Olimpio was a cash management sales manager/vice president at Sterling”™s Yonkers office, while Robertson was cash management implementation manager/vice president at Sterling, working with commercial and specialty clients.
“We begin 2017 with further opportunities to attract additional veteran private client banking teams who bring extensive expertise to our network,” DePaolo said. He called Westchester and its business community “an important growth area for the bank.”
Headquartered in Manhattan, Signature Bank has 30 private client offices throughout the New York metropolitan area that serve privately owned businesses, their owners and senior managers. Since its start in 2001, the bank has grown to $39.05 billion in assets, $29.04 billion in loans, $31.86 billion in deposits, $3.61 billion in equity capital and $3.35 billion in other assets under management at the close of 2016. This year
Signature Bank ranked on Forbes’ Best Banks in America list for the seventh consecutive year and was recently named Best Business Bank for the third consecutive year by the New York Law Journal.
