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Iona College Honors Signature Bank President With Legacy Award

Joseph J. DePaolo speaks at the dinner.
Joseph J. DePaolo speaks at the dinner. Photo Credit: Contributed by Westchester County Association

NEW ROCHELLE, N.Y. -- Signature Bank, a New York-based commercial bank, announced today that President and Chief Executive Officer Joseph J. DePaolo received the Legacy Award from his alma mater, Iona College, in New Rochelle.

The Legacy Award is bestowed upon individuals in recognition of their lifetime achievement since graduating from Iona College. DePaolo accepted the honor at the College’s annual awards gala reception, held on Friday, April 15, 2016 at the Waldorf Astoria hotel in New York City with more than 700 in attendance.

DePaolo (‘77-‘81) attended Iona College on a full scholarship. During his acceptance speech, DePaolo reflected on how access to education changed his life, and emphasized the importance of ensuring education for those that want it.

Among the other honorees of the event, which raised a record of more than $1.5 million, were Patrick Quinn (’06), who was the recipient of the Blessed Edmund Rice Humanitarian Award. Quinn, ALS advocate and co-founder of the ALS Bucket Challenge, is currently battling ALS.

Additionally, the McCabe family, with 11 Iona degrees spanning the years since 1949, was also honored with the Legacy Award. Several McCabe family members are part of Iona College’s leadership today while the tradition continues with yet another generation of graduates in the wings.

Charles W. Schoenherr (’82), who serves on the Real Estate and Investment Committees for the board of trustees of Iona College, also announced that Signature Bank co-founder and chairman of the board Scott A. Shay had established “The Joseph J. DePaolo ’81 Endowed Leadership Award.”

This scholarship will be awarded each year in perpetuity to a junior or senior student athlete, who "embodies high-achieving academics while leading with ethical values and a moral compass, characteristics that have enabled DePaolo to be successful in both business and life."

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