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Signature Bank Appoints Three Private Client Banking Teams; Five New Teams Added Year-to-Date



  Signature Bank Appoints Three Private Client Banking Teams; Five New Teams
  Added Year-to-Date

Business Wire

NEW YORK -- May 2, 2013

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank,
announced today the appointment of three private client banking teams,
bringing the total to five new teams added year-to-date.

Joan McNulty, who brings 25 years of banking experience to her new role, was
named Group Director and Senior Vice President. Most recently, she spent 13
years at Citibank as Senior Vice President and Relationship Manager at the
commercial banking headquarters in midtown Manhattan, catering to commercial
clients. McNulty consistently ranked among the top performers during her
tenure. Joining McNulty are Melissa Badger, who was named Associate Group
Director and Vice President and Manuel Chalen, appointed Senior Client
Associate. McNulty worked closely with Badger and Chalen for 10 and five
years, respectively, at Citibank. Badger, previously Sales Manager of Treasury
Products and Vice President at Citibank, has 23 years of banking experience,
focused mostly on middle market clients. Chalen’s banking career spans 26
years, where he most recently served as Vice President and Branch Manager at
the Citibank United Nations branch, serving personal and commercial clients.
McNulty and her colleagues join the Bank’s office at 950 Third Avenue and
57^th Street in Manhattan.

Chris Panellino, a banking veteran with 43 years of industry experience, was
named Group Director and Senior Vice President. She brings her team of three
to the Signature Bank Great Neck, Long Island office. She, along with Helen
Dounias and Jason Torres, who have each been named Associate Group Director
and Vice President, join from HSBC in Glen Oaks, N.Y., where they worked
together for many years. Panellino had been branch manager at HSBC in Glen
Oaks for the past 22 years, where she worked together with Dounias, who most
recently served as Premier Relationship Manager and Vice President, servicing
commercial and high-net-worth clients. Torres spent the last seven years of
his 18-year banking career working with Panellino and Dounias as a Senior
Business Relationship Manager and Vice President, where he served the needs of
commercial banking clients and high-net-worth individuals.

Complementing the offering of Panellino’s team is Michael Santucci, named
Group Director – Investments under Signature Securities Group, the Bank’s
investment advisory arm. Santucci, with 20 years of investment expertise,
spent 17 years at the same location as Panellino as Senior Financial Advisor
and Vice President, providing financial services expertise to business owners
and high-net-worth individuals.

Monika Buono, Group Director and Vice President, along with her three-person
team, temporarily join the Borough Park, Brooklyn private client banking
office until the Bank establishes a new site in Bay Ridge, Brooklyn. Buono
worked in banking for 16 years at Investor’s Bank (formerly Interbank and
Marathon Bank) in Brooklyn, where as Branch Manager, she catered to a range of
primarily professional services-related clients. Her team, most of who have
worked together for 11 years, includes Senior Client Associate Joanne
Panagiotakis and Client Associate Angela Zoto. Like Buono, Panagiotakis’ 24
years in banking spans roles at the predecessor banks to Investors Bank. Most
recently, Panagiotakis was assistant branch manager at another Brooklyn
location, focused on commercial and personal accounts. Zoto was a personal
banker at the team’s prior institution for the past four years, where she
serviced business and personal banking clients.

“We are pleased to have attracted these experienced, high-quality teams with
proven long-term track records from their prior institutions. These
appointments bring the number of teams hired this year to five and are
indicative of the opportunities we are seeing in the marketplace. We look
forward to the contributions each of these teams will make. These new
additions, along with our existing teams, bode well for our future growth,”
stated President and Chief Executive Officer Joseph J. DePaolo.

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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