Signature Bank, a New York based private bank with 19 offices and $5.2 billion in assets recruited two former JP Morgan Chase bankers to head a new office in Brooklyn. Former JP Morgan small business relationship team members Theresa Pellegrino-Hoeffel and Michael Donohoe were named president and vice president respectively for Signature Bank in charge of the new Borough Park location to open in Autumn this year. Both Ms Pellegrino-Hoeffel and Mr Donohoe have specialised in serving real estate management firms and the health care industry in their former roles. Signature Bank services privately owned businesses, their owners and senior managers through private client teams that offer business and personal banking products and services as well as investment, brokerage, asset management and insurance products through its subsidiary and licensed broker-dealer, Signature Securities Group Corporation.