Signature Bank Ranks In Top Five On Bank Director Magazine’s 2012 Bank Performance Scorecard

The year listed in the fifth graph, third sentence of release should read: 2001 (sted 2011).

The corrected release reads:


Signature Bank is One of Only Two Banks in the U.S. to Place in Top Five of Three Prestigious 2012 Bank Rankings

Signature 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.

In addition to the aforementioned listings, Signature Bank recently ranked 21 st on the Crain’s New York Business’ 2011 Best Places to Work in New York City list (December 2011), and 7th out of 100 on the New York’s Fastest-Growing Public Companies list, also published by Crain’s New York Business (October 2011). Furthermore, Signature Bank appeared for the first time on Fortune magazine’s Fastest-Growing Companies List, published in the September 26, 2011 issue, where it ranked 69 th nationally.

About Bank Director

Since 1991, Bank Director has served as a leading information resource for the directors and officers of financial institutions. Through its quarterly magazine, executive-level research, annual conferences, and its website,, Bank Director reaches the leaders of the institutions that comprise America’s $11 trillion banking industry. Bank Director is published by DirectorCorps, and headquartered in Brentwood, Tennessee.

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial bank with 25 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 $15.9 billion in assets, $13 billion in deposits, $1.5 billion in equity capital and $1.70 billion in other assets under management as of June 30, 2012. Signature Bank's Tier 1 and risk-based capital ratios are significantly above the levels required to be considered well capitalized.

Signature Bank's 25 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; 84 Broadway and 6321 New Utrecht Avenue. Westchester (2) - 1C Quaker Ridge Road, New Rochelle and 360 Hamilton Avenue, White Plains. Long Island (6) - 1225 Franklin Avenue, Garden City; 279 Sunrise Highway, Rockville Centre; 68 South Service Road, Melville; 923 Broadway, Woodmere; 40 Cuttermill Road, Great Neck and 100 Jericho Quadrangle, Jericho. 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 (1) - 2066 Hylan Blvd.

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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 team 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. 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. As you read and consider forward-looking statements, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions and can change as a result of many possible events or factors, not all of which are known to us or in our control. 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.

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