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Signature Bank Strengthens Senior Management Team to Support Continued Growth

  Signature Bank Strengthens Senior Management Team to Support Continued
  Growth

         Chief Financial Officer Eric R. Howell Named Executive Vice
 President-Corporate & Business Development; Controller Vito Susca Appointed
              Senior Vice President and Chief Financial Officer

Business Wire

NEW YORK -- April 25, 2013

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank,
announced today the appointment of two executives, effective May 13, 2013,
both of which will strengthen its senior management team.

Eric R. Howell, Executive Vice President and Chief Financial Officer, has been
named to the post of Executive Vice President-Corporate & Business
Development, a newly created position.

In this role, Howell will devote more time to assisting in client acquisition
and promoting the Signature Bank client experience of being financially well
cared for. He will become increasingly more involved in the recruiting and
expansion of the Bank’s private client banking teams and development of new
offices. Also, Howell will increase his involvement in assisting both
Signature Financial, the Bank’s specialty finance unit, and Signature
Securities’ Small Business Administration (SBA) Pool Assembling business.
Lastly, he will retain oversight of investor relations.

Howell, 42, who joined the Bank in 2000, has served as CFO since November
2004. Prior, he was Vice President of Finance and Controller. Earlier in his
career, he was an Associate Managing Director at Republic National Bank of New
York, which he joined in 1992. During his tenure there, he held other numerous
positions including CFO of both Republic’s retail broker-dealer and retail
insurance agency.

Concurrent with Howell’s appointment, the Bank named Vito Susca, 44, who
joined the Bank in March 2004, to the post of Senior Vice President and Chief
Financial Officer, to manage the Bank’s finance and accounting functions.
Prior, he was Senior Vice President and Controller. Before joining the Bank,
he held various positions at Republic National Bank of New York, which he
joined in 1991, and then, HSBC Bank USA/HSBC Securities Inc., following the
acquisition of Republic by HSBC. Roles Susca held include Vice President and
Deputy Controller in the Derivative Products Group and Vice President in the
Global Trading Operations Financial Control group. He was also First Vice
President and Deputy Manager in Treasury Finance for HSBC Bank USA/HSBC
Securities Inc.

“Based upon Signature Bank’s growth during the past several years, we realized
the need to further strengthen our senior management team to seize additional
opportunities in business development and to support future endeavors,”
explained President and Chief Executive Officer Joseph J. DePaolo.

“These well-deserved appointments of our current management team members will
prove beneficial to the Bank’s impending growth by allowing us to continue
providing the same level of management support to our teams and their clients
as we do today. We will not let growth inhibit the superior level of service
we offer our clients. We are – first and foremost – a relationship-based bank,
and our success is predicated on delivering a distinct level of service to our
clients that sets Signature Bank apart. Not only is management available to
our teams in the onboarding of relationships, but we strive to know our
clients personally. This high-touch, personalized approach represents a
meaningful portion of how management dedicates its time, and now, Eric also
will contribute to this effort. Eric and I have worked closely together for
many years, and his day-to-day contributions to the Bank’s success over the
past 13 years -- particularly regarding the recent formation of Signature
Financial -- have played a key role in the solid leadership position we hold
today.

“Vito joined Signature Bank the day our stock began trading publicly and his
experience with the institution, coupled with his deep, vast knowledge of
finance, regulatory requirements and accounting, make him the perfect
candidate to fill the CFO role. As we continue to expand our presence
throughout the metro-NY area, both Eric and Vito’s contributions will
positively impact our advancement. We look forward to their leadership in each
of their respective positions,” DePaolo concluded.

Howell resides in Lloyd Harbor, Long Island with his wife and family. He
earned a Bachelor of Science degree in accounting from the State University of
New York at Albany, and is a Certified Public Accountant in New York. In both
2012 and 2013, Howell was named best mid-cap bank CFO by Institutional
Investor in its annual ranking, entitled “All-America Executive Team: Best
CFOs.”

Susca is a resident of Somers, N.Y. in Westchester County, where he lives with
his wife and family. He is a Certified Public Accountant and a Chartered
Global Management Accountant, both in New York. He is a member of the American
Institute of Certified Public Accountants (AICPA) and the New York State
Society of CPAs (NYSSCPA). He holds a Bachelor of Science degree in accounting
from St. John’s University in Queens, New York.

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 $18.3 billion
in assets, $14.8 billion in deposits, $1.7 billion in equity capital and $1.7
billion in other assets under management as of March 31, 2013. 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
Executive Vice President-Corporate & Business Development
ehowell@signatureny.com
or
Media Contact:
Susan J. Lewis, 646-822-1825
slewis@signatureny.com
 
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