Signature Bank Appoints Three Private Client Banking Teams

Total Number of Teams in Banking Network Exceeds 90; Bank to Open 28th Private Client Banking Office in Greenwich, Conn.

NEW YORK--()--Signature Bank (Nasdaq:SBNY), a New York-based full-service commercial bank, announced today the addition of three private client banking teams, bringing the total number of teams to 92. Each of the teams includes veteran bankers who bring decades of experience to Signature Bank’s growing network of private client banking teams.

Lucy Mazany was named Group Director and Senior Vice President, heading a four-person team that all join from Valley National Bank (formerly State Bank), and will be based out of the Signature Bank private client office in Jericho, Long Island, N.Y. The team has worked together for 10 years.

Mazany brings more than 25 years of experience to Signature Bank. She previously was Senior Vice President and Division Manager for 12 years at Valley National Bank, overseeing 15 Long Island branches. Prior, she was a Vice President and Branch Manager at European American Bank/Citibank. Her commercial banking experience includes an emphasis on professional services and non-profit organizations as well as manufacturing companies and distributors.

Also joining Mazany’s team are Richard DeMartino, named Associate Group Director and Vice President; June Alleyne, who will serve as Relationship Manager; and, Hillary Bogi, Senior Client Associate.

DeMartino, a banking veteran with 38 years of experience, spent the past 11 years as Vice President and Branch Sales Manager at Valley National Bank in New Hyde Park, N.Y. Formerly, he was Branch Manager and Vice President at European American Bank/Citibank on Long Island.

Alleyne’s banking career spans 35 years. Before joining Signature Bank, she was a Vice President and Sales Manager for 11 years at Valley National Bank in Port Washington, N.Y. Prior, she spent 23 years at European American Bank/Citibank as an Assistant Branch Manager.

Bogi was a Branch Service Manager at Valley National Bank in Farmingdale, N.Y., responsible for all operational aspects of the branch. She has nearly four decades of banking experience serving commercial clients. For the majority of her career, she was employed at JPMorgan Chase throughout the metropolitan-New York area in various positions including Branch Operations Manager.

Thomas P. Mooney was named Group Director and Senior Vice President leading a three–person team that has worked together for seven years. The team will temporarily be based at the Bank’s White Plains, N.Y. private client banking office until its newest office in Greenwich, Conn. opens later this year.

Mooney spent the past 10 years at JPMorgan Chase. Most recently, he was Northeast Region Recruiting Manager, handling recruitment for the entire Northeast for nearly two years. Previously, he was District Manager, based in Fairfield, Conn., with oversight of all the branches in that County, serving affluent business and personal clients.

Richard Carr was named Associate Group Director and Vice President on Mooney’s team, bringing 25 years of financial services expertise to the Bank. He had served for eight years as Branch Manager and Vice President for JPMorgan Chase in Ridgefield, Conn. He also was a financial advisor to affluent clients while formerly working for Bear Stearns.

Joseph Cambareri, with 12 years of banking experience, joins Mooney’s team as Relationship Manager, focused on serving commercial clients and providing operational support. Previously, he held several banking positions including Branch Manager at JPMorgan Chase in Westport, Conn., managing a team of bankers that delivered private client banking services.

Andrew F. Corrado and Drew S. Crowley, each named to the post of Group Director and Senior Vice President, now will jointly head a five-person team in the Bank’s Melville, N.Y. private client banking office. The team has worked together for the past decade.

Corrado has dedicated his 27-year career to banking, most recently serving as Senior Vice President, heading the national Professional Services and Private Banking division at Capital One/North Fork Bank. Corrado also was Market President on Long Island, representing Capital One’s entire Long Island presence, both internally and externally. His area of specialty includes middle market businesses, attorneys, accountants and medical practices. Having spent 12 years with Capital One, Corrado previously worked in the Small Business Financial Services division at JPMorgan Chase, and earlier, headed marketing and product management at European American Bank.

Crowley, a 34-year banking professional, spent the past 19 years at Capital One/North Fork Bank, most recently as Senior Vice President and Northeast Market Manager for Professional Services and Private Banking, based in Manhattan. He managed three teams of commercial and private bankers across New York City, Long Island and New Jersey. Prior, he was a commercial banking team leader at National Westminster Bank on Long Island.

Elizabeth Madigan and Anne Marie Immerso each join the Corrado/Crowley team as Associate Group Directors, also from Capital One/North Fork Bank. Both were Senior Vice Presidents and Relationship Managers in Melville, Long Island. Madigan and Immerso were there for 15 and 10 years, respectively. Madigan, with more than 20 years in banking, worked with a commercial banking group managing client relationships and previously, managed commercial branches in both Jericho and Woodbury. She also held various officer level positions at European American Bank.

Immerso has spent in excess of 25 years in the banking arena, having most recently worked as Senior Vice President at Capital One/North Fork Bank in Melville, managing commercial client relationships. Earlier, she was a commercial bank Branch Manager for the same institution in both Massapequa and Massapequa Park. Prior to that, Immerso held various officer level positions at European American Bank.

Shya Chen was named Senior Client Associate for Crowley and Corrado's team. She spent her entire 13-year banking career at Capital One Bank/North Fork Bank in Melville, as office manager for a national team, providing client and operational support.

“The breadth and depth of the talent within these three teams is significant, and is further evidence of our ability to continue to attract high-caliber banking veterans. Each team is comprised of seasoned professionals who possess long-standing banking careers and extensive client relationships. They understand the true meaning of relationship banking and have served a range of commercial clients for decades,” noted Joseph J. DePaolo, President and Chief Executive Office at Signature Bank.

“These latest team additions demonstrate that Signature Bank’s reputation as the bank-of-choice among bankers and clients alike continues to grow. 2014 is off to a solid start with the hiring of these new teams,” DePaolo added.

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 $22.4 billion in assets, $17.1 billion in deposits, $1.80 billion in equity capital and $2.24 billion in other assets under management as of December 31, 2013. 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.

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 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 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.

Contacts

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

Release Summary

SIGNATURE BANK APPOINTS THREE PRIVATE CLIENT BANKING TEAMS

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Contacts

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