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Abstract Supermassive binary black holes in galactic centers are potential multimessenger sources in gravitational waves and electromagnetic radiation. To find such objects, isolating unique electromagnetic signatures of their accretion flow is key. With the aid of three-dimensional general-relativistic magnetohydrodynamic simulations that utilize an approximate, semianalytic, superimposed spacetime metric, we identify two such signatures for merging binaries. Both involve magnetic reconnection and are analogous to plasma processes observed in the solar corona. The first, like colliding flux tubes that can cause solar flares, involves colliding jets that form an extended reconnection layer, dissipating magnetic energy and causing the two jets to merge. The second, akin to coronal mass ejection events, involves the accretion of magnetic field lines onto both black holes; these magnetic fields then twist, inflate, and form a trailing current sheet, ultimately reconnecting and driving a hot outflow. We provide estimates for the associated electromagnetic emission for both processes, showing that they likely accelerate electrons to high energies and are promising candidates for continuous, stochastic, and/or quasi-periodic higher-energy electromagnetic emission. We also show that the accretion flows around each black hole can display features associated with the magnetically arrested state. However, simulations with black hole spins misaligned with the orbital plane and simulations with larger Bondi radii saturate at lower values of horizon-penetrating magnetic flux than standard magnetically arrested disks, leading to weaker, intermittent jets owing to feedback from the weak jets or equatorial flux tubes ejected by reconnecting field lines near the horizon.