Signature Bank Announces Underwriter’s Purchase of Additional Shares in Recent Public Stock Offering

  Signature Bank Announces Underwriter’s Purchase of Additional Shares in
  Recent Public Stock Offering

Business Wire

NEW YORK -- July 1, 2014

Signature Bank (Nasdaq: SBNY), a New York-based full service commercial bank,
announced today that J.P. Morgan, the investment bank that acted as sole
bookrunner in its recent public stock offering, which closed on June 13, 2014,
exercised in full the option the Bank had granted the firm to purchase up to
315,000 additional shares of common stock. The exercise of the option resulted
in additional net proceeds of $38.6 million.

The overall public offering, including the overallotment, resulted in net
proceeds of approximately $295.8 million to Signature Bank, after the
deduction of offering expenses. Furthermore, the offering increased the
capital of the Bank to $2.2 billion and brought its current market
capitalization to more than $6.0 billion.

Proceeds from the offering will be used for general corporate purposes and to
facilitate Signature Bank’s continued growth. The Bank caters to meeting the
needs of privately owned businesses across metro-NY through its network of
more than 90 private client banking teams spanning 27 banking offices.

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial bank
with 27 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.

Since commencing operations in May 2001, the Bank has grown to $23.1 billion
in assets, $18.3 billion in deposits, $1.91 billion in equity capital and
$1.99 billion in other assets under management as of March 31, 2014. Signature
Bank's Tier 1 and risk-based capital ratios are significantly above the levels
required to be considered well capitalized.

Signature Bank's 27 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; 97 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; 53 North
Park Avenue, 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 (2) - 2066 Hylan Blvd. and 1688
Victory Blvd.

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 market
conditions, our operations and business environment, all of which are
difficult to predict and may be beyond our control. Forward-looking statements
include statements regarding the offering and information concerning our
future results, interest rates and the interest rate environment, loan and
deposit growth, loan performance, operations, new private client teams and
other 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 and can change as a result of many
possible events or factors, not all of which are known to us or in our
control. These factors include but are not limited to: (i) prevailing economic
and capital markets 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. 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
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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