Signature Bank Appoints Three Banking Professionals to Previously Announced Rick Stein Team

NEW YORK--(BUSINESS WIRE)--Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today the appointment of three additional banking professionals who joined Rick Stein’s private client banking team. In May 2008, Signature Bank announced the appointment of Stein, who joined from North Fork Bank (now Capital One Bank), to the post of Group Director and Senior Vice President. The four-person team, all of whom joined from that same institution, will be based out of Signature Bank’s private client banking office at 261 Madison Avenue in Manhattan.

Paula Hillan and Debora Cacamese were each named Associate Group Director and Vice President while Antonella Arcese will serve as Senior Client Associate, all reporting to Stein. Each brings extensive experience in serving clients across several areas, such as real estate, not-for-profit entities and healthcare to the Bank.

Most recently, Hillan, a banking veteran for more than 20 years, was Assistant Vice President and Private Banking Associate at the branch at 1001 Avenue of the Americas at 37^th Street for 13 years, during which time the branch became the largest in the organization’s network. In this role, she handled all aspects of client service. For about 10 years prior, Hillan worked for Bayside Federal Savings Bank in Bayside, Queens, N.Y. before it was acquired by North Fork Bank.

Cacamese’s entire 18-year banking career was spent with North Fork and its predecessor, Extebank. Most recently, she was also an Assistant Vice President and Private Banking Associate based out of the same 37^th Street branch. In this position, she managed the day-to-day administration of the department while also maintaining and developing client relationships. Previously, she was Assistant Vice President in the Business Concierge Group.

Arcese was a Private Banking Associate at the former bank. She brings to Signature Bank a career in sales and marketing across various industries.

Stein commented on his team joining, stating: “I am excited to have Paula, Debora and Antonella join my team at Signature Bank. Together, our years of combined banking experience will prove advantageous to our clients and the Bank’s growth.”

Joseph J. DePaolo, Signature Bank’s President and Chief Executive Officer said: “We are pleased to complete the recruitment of Rick Stein’s team with the appointment of Paula, Debora and Antonella. They have built a strong reputation within the New York City banking arena and will contribute to our ongoing growth and expansion throughout the metro-N.Y. area. We welcome them to Signature Bank and look forward to the contributions they will make.”

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial bank with 21 private client offices located in the New York metropolitan area, serving the needs of privately owned businesses, their owners and senior managers through dozens of private client groups. The Bank offers a wide variety of business and personal banking products and services as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member NASD/SIPC.

Signature Bank's 21 offices are located throughout the metropolitan New York area. In Manhattan - 261 Madison Avenue; 300 Park Avenue; 71 Broadway; 565 Fifth Avenue; 950 Third Avenue; 200 Park Avenue South and 1020 Madison Avenue. Brooklyn - 26 Court Street; 84 Broadway and 6321 New Utrecht Avenue. Westchester - 1C Quaker Ridge Road, New Rochelle and 360 Hamilton Avenue, White Plains. Long Island - 1225 Franklin Avenue, Garden City; 279 Sunrise Highway, Rockville Centre; 58 South Service Road, Melville; 923 Broadway, Woodmere; 40 Cuttermill Road, Great Neck and 100 Jericho Quadrangle, Jericho. Queens - 36-36 33rd Street, Long Island City and 78-27 37th Avenue, Jackson Heights. Bronx - 421 Hunts Point Avenue, Bronx.

Since commencing operations in May 2001, the Bank has grown to $5.82 billion in assets, $4.59 billion in deposits, $433.0 million in equity capital and $3.66 billion in other assets under management as of March 31, 2008.

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. 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," "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, which can materially affect origination levels and gain on sale results in our business, as well as other aspects of our financial performance; (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; and (iv) competition for qualified personnel and desirable office locations. 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.