Signature Bank Appoints Two New Private Client Banking Teams; Expands Presence in Staten Island, N.Y.

  Signature Bank Appoints Two New Private Client Banking Teams; Expands
  Presence in Staten Island, N.Y.

Business Wire

NEW YORK -- March 11, 2013

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank,
announced today the appointment of two new private client banking teams, who
will operate from its second Staten Island private client banking office,
currently being planned.

Larry Goldberg, a 30-year banking veteran, was named Group Director and Senior
Vice President. He leads a four-person private client banking team who joined
from a Citibank office in Staten Island, where most of them worked together
for approximately nine years. Goldberg spent the past 18 years overseeing
Citibank branches in Manhattan and Staten Island. Most recently, he was branch
manager and senior vice president at the Victory Blvd. location, a position he
held for the past nine years. Prior, he was a branch manager in Manhattan and
Long Island for Fidelity Investments.

Joining Goldberg’s team are Associate Group Directors and Vice Presidents
Flora Vavallo and Anthony D. Shafer along with Senior Client Associate Lauren
Mattera. Vavallo, who spent 35 years at Citibank in various capacities, was
most recently a business banker for clients spanning a range of industries.
Shafer, who brings a decade of banking expertise to his new role, was a
personal banker and assistant vice president, responsible for overseeing the
entire book of business at the Bayonne, New Jersey branch. Mattera spent 10
years in a client services role at various Citibank locations.

Guy Gioeli also joined the Bank as Group Director and Senior Vice President,
heading a four-person team who worked together for nearly five years at
Citibank’s Hylan Blvd. branch, also on Staten Island. Gioeli, a 20-year
banking professional, served as senior vice president and branch manager at
that location for the past five years. Previously, he worked at Prudential as
a sales manager.

Linda Mulroy and Annette Lucas-Thomas were each named Associate Group Director
and Vice President as part of Gioeli’s team. Both spent 33 years as business
bankers at the Hylan Blvd. location where they serviced an array of commercial
clients. Shari Gutkin, appointed to the post of Senior Client Associate,
worked with the team for the past five years in a client services role.

“Both of these seasoned banking teams have deep roots within the Staten Island
community and bring strong relationships as well as decades of experience to
Signature Bank,” noted Joseph J. DePaolo, Signature Bank President and Chief
Executive Officer.

“We continue to demonstrate our commitment to Staten Island with the
appointment of these two experienced teams of banking professionals and the
anticipated opening of our second private client banking office. We look
forward to expanding our footprint in Staten Island and serving our client
base while building solid business relationships. We are well positioned to
further our commercial banking efforts there,” DePaolo concluded.

Goldberg and Gioeli noted: “Signature Bank’s single-point-of-contact approach
affords us the autonomy necessary to best meet the needs of our clients and
allows us to truly focus on bringing them the level of care and service they
require and deserve. We look forward to bringing our banking experience and
established relationships to Signature Bank.”

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial bank
with 26 private client offices throughout the New York metropolitan area. 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.
The Bank operates Signature Financial, LLC, a specialty finance subsidiary
focused on equipment finance and leasing, transportation financing and taxi
medallion financing. Investment, brokerage, asset management and insurance
products and services are offered through the Bank’s subsidiary, Signature
Securities Group Corporation, a licensed broker-dealer, investment adviser and
member FINRA/SIPC.

Signature Bank's 26 offices are located: In Manhattan (9) - 261 Madison
Avenue; 300 Park Avenue; 71 Broadway; 565 Fifth Avenue; 950 Third Avenue; 200
Park Avenue South; 1020 Madison Avenue; 50 West 57th Street and 2 Penn Plaza.
Brooklyn (3) - 26 Court Street; 84 Broadway and 6321 New Utrecht Avenue.
Westchester (2) - 1C Quaker Ridge Road, New Rochelle and 360 Hamilton Avenue,
White Plains. Long Island (7) - 1225 Franklin Avenue, Garden City; 279 Sunrise
Highway, Rockville Centre; 68 South Service Road, Melville; 923 Broadway,
Woodmere; 40 Cuttermill Road, Great Neck; 100 Jericho Quadrangle, Jericho and
360 Motor Parkway, Hauppauge. Queens (3) – 36-36 33rd Street, Long Island
City; 78-27 37th Avenue, Jackson Heights and 8936 Sutphin Blvd., Jamaica.
Bronx (1) - 421 Hunts Point Avenue, Bronx. Staten Island (1) - 2066 Hylan
Blvd.

Since commencing operations in May 2001, the Bank has grown to $17.5 billion
in assets, $14.1 billion in deposits, $1.7 billion in equity capital and $1.7
billion in other assets under management as of December 31, 2012. Signature
Bank's Tier 1 and risk-based capital ratios are significantly above the levels
required to be considered well capitalized.

For more information, please visit www.signatureny.com.

This press release and oral statements made from time to time by our
representatives contain "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 that are subject to risks and
uncertainties. You should not place undue reliance on those statements because
they are subject to numerous risks and uncertainties relating to our
operations and business environment, all of which are difficult to predict and
may be beyond our control. Forward-looking statements include information
concerning our future results, interest rates and the interest rate
environment, loan and deposit growth, loan performance, operations, new
private client team hires, new office openings and business strategy. These
statements often include words such as "may," "believe," "expect,"
"anticipate," "intend," “potential,” “opportunity,” “could,” “project,”
“seek,” “should,” “will,” would,” "plan," "estimate" or other similar
expressions. As you consider forward-looking statements, you should understand
that these statements are not guarantees of performance or results. They
involve risks, uncertainties and assumptions that could cause actual results
to differ materially from those in the forward-looking statements. These
factors include but are not limited to: (i) prevailing economic conditions;
(ii) changes in interest rates, loan demand, real estate values and
competition, any of which can materially affect origination levels and gain on
sale results in our business, as well as other aspects of our financial
performance, including earnings on interest-bearing assets; (iii) the level of
defaults, losses and prepayments on loans made by us, whether held in
portfolio or sold in the whole loan secondary markets, which can materially
affect charge-off levels and required credit loss reserve levels; (iv) changes
in monetary and fiscal policies of the U.S. Government, including policies of
the U.S. Treasury and the Board of Governors of the Federal Reserve System;
(v) changes in the banking and other financial services regulatory environment
and (vi) competition for qualified personnel and desirable office locations.
As you read and consider forward-looking statements, you should understand
that these statements are not guarantees of performance or results. They
involve risks, uncertainties and assumptions and can change as a result of
many possible events or factors, not all of which are known to us or in our
control. Although we believe that these forward-looking statements are based
on reasonable assumptions, beliefs and expectations, if a change occurs or our
beliefs, assumptions and expectations were incorrect, our business, financial
condition, liquidity or results of operations may vary materially from those
expressed in our forward-looking statements. Additional risks are described in
our quarterly and annual reports filed with the FDIC. You should keep in mind
that any forward-looking statements made by Signature Bank speak only as of
the date on which they were made. New risks and uncertainties come up from
time to time, and we cannot predict these events or how they may affect the
Bank. Signature Bank has no duty to, and does not intend to, update or revise
the forward-looking statements after the date on which they are made. In light
of these risks and uncertainties, you should keep in mind that any
forward-looking statement made in this release or elsewhere might not reflect
actual results.

Contact:

Signature Bank
Investor Contact:
Eric R. Howell, 646-822-1402
Chief Financial Officer
ehowell@signatureny.com
or
Media Contact:
Susan J. Lewis, 646-822-1825
slewis@signatureny.com
 
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