Signature Bank Expands Private Client Banking Network with the Appointment of New Bankers to Three Existing Teams.

Bank Adds Group Director to New Rochelle, N.Y. Office and Associate Group Directors to Two Midtown Manhattan Offices; Total Number of Teams at 47, Headed by 60 Group Directors

NEW YORK -- Signature Bank (Nasdaq:SBNY), a New York-based full-service commercial bank, announced today the addition of three new banking professionals.

Robin Fredella was named Group Director and Senior Vice President for the Bank's New Rochelle, N.Y. location. As the Bank's 60th Group Director, she will partner with Rosemary McLaughlin to lead one of two banking teams based out of the New Rochelle office. Fredella's move to Signature Bank is her first in a 30-year career spent at Bank of America and its predecessor banks, such as Fleet, in the metro-New York market.

Fredella most recently served as a Vice-President and Client Manager for Bank of America, where she focused on the credit and deposit relationships of municipalities and school districts. Other positions she held during her career include Team Leader for professional clients and Relationship Manager for small and mid-sized businesses.

Dina Casella has been appointed Associate Group Director and Vice President at the 950 Third Avenue location in midtown Manhattan. She joins the Pat Capparelli and Joseph L. Festa team that joined the Bank in November 2006. The team is now comprised of four banking professionals, and is one of three private client teams to operate from the 950 Third Avenue location.

Casella brings a total of 17 years of experience with expertise in commercial lending and wealth management services to Signature Bank. Before joining Signature Bank, Casella served as a vice president and senior business relationship manager in midtown Manhattan, N.Y. for HSBC.

Additionally, Anna Garen has been named Associate Group Director and Vice President for the John Myszko private client team at Signature Bank's 565 Fifth Avenue office, also the Bank's corporate headquarters. Garen brings 15 years experience, primarily at JPMorgan Chase, to the Myszko team, which has been with Signature Bank since its inception in May 2001. She joins Signature Bank with a solid reputation for building impressive portfolios of both domestic and international clients.

Signature Bank President and Chief Executive Officer Joseph J. DePaolo commented on the new appointments: "We are pleased to welcome Robin, Dina and Anna to Signature Bank. With each of these appointments, we have expanded the capabilities of already successful teams, giving them an even stronger reach into the business and personal communities they serve. We look forward to supporting them as they build their practices with Signature Bank."

Fredella commented on her appointment: "Signature Bank is an appealing proposition for experienced bankers. The Bank's management and infrastructure are clearly aligned to support financial professionals in their quest to provide exceptional service to clients. At Signature Bank it's like going back to banking the way it should be - by offering personal service. We have all the capabilities of the mega-banks, yet we still provide that personal touch."

Fredella is a resident of White Plains, N.Y. and attended Hofstra University. She is a member of the Government Finance Officers Association and the Association of School Business Officials.

Casella lives in Fairfield County, Conn., where she is an active member of several community organizations. She holds a Bachelor of Arts degree in economics from the State University of New York at Albany as well as a master's degree in business administration in finance from Adelphi University in Garden City, N.Y. Additionally, Casella attended Pace University in New York City for financial planning certification.

Garen holds a Bachelor of Arts degree in business management from The University of Kharkov, Ukraine and a master's degree in accounting from The University of Kharkov, Ukraine. She was born in Ukraine and emigrated to the U.S. in 1989. She is fluent in Russian and Ukrainian.

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial bank with 18 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 18 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 and 84 Broadway. 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 and 923 Broadway, Woodmere. Queens - 36-36 33rd Street, Long Island City and 78-27 37th Avenue, Jackson Heights. Bronx - 421 Hunts Point Avenue, Hunts Point.

Since commencing operations in May 2001, the Bank has grown to approximately $5.4 billion in assets, $4.2 billion in deposits, $393 million in equity capital and approximately $3.6 billion in other assets under management as of December 31, 2006.

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, loan and deposit growth, 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.