Newsroom | 04 August 2015

Cigna Recognizes Signature Bank for Commitment to Employee Health and Wellness

Michelle Vroom

Signature Bank
Susan Lewis
  • More than 81 percent employee participation in biometric screenings and health assessments
  • Employee health risks lowered by 41 percent over two years
NEW YORK - August 4, 2015 - Cigna has selected Signature Bank (NASDAQ:SBNY) as a recipient of the annual Cigna Well-Being Award in the New York City metro area for demonstrating a strong commitment to improving the health and well-being of its employees through a workplace wellness program.
Signature Bank launched its wellness program in 2012 with initiatives that addressed smoking, stress management, nutrition, weight management and chronic conditions such as diabetes and heart disease. Employees remain encouraged to participate in healthy activities during the workday, including biometric screenings, health fairs, seminars and spinning, yoga and Zumba classes. Signature Bank also hosts a company-wide walking challenge every spring.
"Cigna is committed to working together with companies like Signature Bank to create a culture of health," said Scott Evelyn, president and general manager for Cigna's Tri-State area, which includes New York and New Jersey. "As the health care industry continues to evolve, it's important we identify new ways to improve employee well-being and make health care more affordable."
The success of Signature Bank's wellness program is attributed to support from senior leadership, including President and Chief Executive Officer Joseph J. DePaolo, as well as engagement among employees through a diverse Wellness Committee made up of 30 people. Since the program began, more than 81 percent of Signature Bank employees have participated in biometric screenings and completed a health assessment. This has lowered employee health risks by 41 percent over the past two years.
"At Signature Bank, employee health is our top priority, since our true assets are our more than 1,100 colleagues," said DePaolo. "We believe that health is first and foremost. Moreover, I'd like to congratulate our dedicated Wellness Committee for their efforts in ensuring a healthy workforce. We are honored to be selected as a winner of the Cigna Well-Being Award."
According to the Centers for Disease Control and Prevention (CDC), U.S. employers lose more than $225 billion each year in productivity due to employee health problems. Cigna created the Well-Being Award to recognize employer clients that have a positive impact on the health and well-being of their workforce.
Applicants are evaluated based on the core components of their wellness program, including the goals, implementation, incentives, leadership engagement and employee participation. All applications are reviewed and judged by an internal multi-departmental review committee from Cigna.
About Signature Bank
Signature Bank, member FDIC, is a New York-based full-service commercial bank with 29 private client offices throughout the New York metropolitan area, including those in Manhattan, Brooklyn, Westchester, Long Island, Queens, the Bronx, Staten Island and Connecticut.  The Bank's growing network of private client banking teams serves the needs of privately owned businesses, their owners and senior managers. 
Signature Bank offers a wide variety of business and personal banking products and services. Its specialty finance subsidiary, Signature Financial, LLC, provides equipment finance and leasing. Signature Securities Group Corporation, a wholly owned Bank subsidiary, is a licensed broker-dealer, investment adviser and member FINRA/SIPC, offering investment, brokerage, asset management and insurance products and services.
Since commencing operations in May 2001, the Bank has grown to $29.97 billion in assets, $24.46 billion in deposits, $2.70 billion in equity capital and $3.54 billion in other assets under management as of June 30, 2015. Signature Bank's Tier 1 and risk-based capital ratios are significantly above the levels required to be considered well capitalized.
Signature Bank was named the Best Bank in America by Forbes for 2015 and the only large cap bank to appear on Forbes' list of America's 50 Most Trustworthy Financial Companies. Signature Bank also was voted Best Business Bank by the New York Law Journal in the publication's fifth annual reader survey; named the nation's fifth top-performing bank by ABA Banking Journal ; and ranked seventh on Bank Director magazine's 2014 Bank Performance Scorecard for banks with assets between $5 and $50 billion.
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About Cigna
Cigna Corporation (NYSE: CI) is a global health service company dedicated to helping people improve their health, well-being and sense of security. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Connecticut General Life Insurance Company, Cigna Health and Life Insurance Company, Life Insurance Company of North America and Cigna Life Insurance Company of New York. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and other related products including group life, accident and disability insurance. Cigna maintains sales capability in 30 countries and jurisdictions, and has more than 88 million customer relationships throughout the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter, visit