The year listed in the fifth graph, third sentence of release should read: 2001 (sted 2011).
The corrected release reads:
SIGNATURE BANK RANKS IN TOP FIVE ON BANK DIRECTOR MAGAZINE’S 2012 BANK PERFORMANCE SCORECARD
Signature Bank is One of Only Two Banks in the U.S. to Place in Top Five of Three Prestigious 2012 Bank RankingsSignature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced that it ranked fifth on Bank Director magazine’s 2012 Bank Performance Scorecard, in the category of banks with assets ranging from $5 billion to $50 billion. Bank Director magazine’s 2012 Bank Performance Scorecard is a comprehensive ranking of all banks and thrifts traded on the NYSE or NASDAQ exchanges. This year’s ranking was divided into four asset categories. As in past years, the ranking was based on performance across a combination of areas, including profitability, capital strength and asset quality. The Bank Director ranking comes on the heels of Signature Bank being named 4 th in ABA Banking Journal’s list of Top Performing Banks (April 2012), in the large bank category, meaning those public banks and thrifts with total assets of more than $10 billion; and Forbes 2012 list of America’s Best Banks (December 2011) where it ranked fifth. Forbes used eight metrics regarding asset quality, capital adequacy and profitability of the 100 largest publicly traded banks and thrifts to determine results. Signature Bank is one of only two banks in the nation that placed in the top five in all three of these publication’s recent rankings. “The Bank Director ranking, as well as the many other prestigious lists that recognize Signature Bank’s performance and growth, validates our team-based client-centric model. Without ever advertising, Signature Bank attracts both bankers and clients by remaining dedicated to our distinctive single-point-of-contact approach -- where our private client banking teams are the central contact for meeting all client needs. Our focus on providing unparalleled relationship banking has continually generated consistent growth since the Bank’s inception in 2001,” noted Signature Bank President and Chief Executive Officer Joseph J. DePaolo. “We continue to stand out from the conventional mega-banks, based on our ability to consistently deliver exceptional service and to attract some of the industry’s most talented banking professionals to our institution. Despite the fragile economy, Signature Bank continues to flourish, based on our depositor-first philosophy,” DePaolo said.