Signature Bank Ranks 21st On Crain’s New York Business’ 2011 Best Places To Work In New York City List

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that it ranked 21 ^st on Crain’s New York Business’ 2011 Best Places to Work in New York City list. Crain’s selected the top 50 best places to work in New York City from among thousands of employers throughout the area.

This marks the first year Signature Bank was named to the fourth annual Crain’s Best Places to Work in New York City list, which recognizes outstanding employers throughout New York’s five boroughs. Signature Bank is the only bank to rank on the 2011 annual list and in the past two years as well.

Best Places to Work companies were selected by Crain’s via a third-party reporting and survey process whereby a percentage of employees were required to respond in an effort to ascertain their candid, private opinions about their employer and workplace.

The Crain’s 2011 Best Places to Work in New York City list was included in the December 5-11, 2011 print edition of Crain’s New York Business and was also posted online.

“When we established the client-centric model for Signature Bank more than a decade ago, we realized that delivering superior client service required committed and engaged colleagues – those who would be proud to be part of the culture we were creating. We set out to build an environment based on mutual respect and communication, and to this day, the hallmark of Signature Bank has always been our single-point-of-contact approach where our banking teams cater to their clients. It is this model that truly differentiates Signature Bank among both colleagues and clients,” explained President and Chief Executive Officer Joseph J. DePaolo. “We are honored that Crain’s acknowledged the type of environment we have cultivated, and thank all our colleagues for their hard work and unrelenting commitment to their clients and to Signature Bank,” DePaolo said.

“Now, the secret to Signature Bank’s success is out. Our greatest asset and source of strength are our nearly 750 colleagues. Management’s job is to provide a culture in which our team can thrive. This makes our colleagues happiest because they are enabled to deliver the best client service possible without distractions. And, it makes our clients happy because they receive this extraordinary service,” stated Scott A. Shay, Chairman of the Board.

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