Signature Bank executives and directors sold over $100 million in stock in the three years leading up to the bank’s recent collapse. Insiders sold around $70 million in shares in 2021 as the bank courted cryptocurrency companies, driving a 68% increase in deposits and a 140% rise in shares. Signature Bank filed documents with the FDIC instead of the SEC, making the sales mostly unnoticed. The bank collapsed and was taken over by federal regulators last month, following Silicon Valley Bank’s collapse, making it the third-largest bank failure in US history.
