Signature Bank Unveils San Francisco Flagship Financial Center; Marks Company’s Official Entry into the West Coast

Leading NYC-based Institution brings Proven Private Client Banking
Model to San Francisco

NEW YORK–(BUSINESS WIRE)–Signature
Bank
(Nasdaq: SBNY), a New York-based full-service commercial bank,
announced today the official opening of its first financial center on
the West Coast. The new financial center is located at 201 Mission
Street in downtown San Francisco, which is the heart of the city’s
financial district.

Signature Bank’s new banking offices are home to three private client
banking teams. Each team is headed by banking veterans, including Group
Directors-Senior Vice Presidents Kelny Denebeim, Sumiko Sheaffer and
Dale Zeigler. Joe Petitti, Head of West Coast Operations, is leading
Signature Bank’s West Coast expansion while John (Jack) Knight, Managing
Director – Cash Management Operations, oversees cash management products
and services.

“For nearly 18 years, Signature Bank has been a leader in commercial
banking throughout the New York metropolitan area. During this time, we
built a strong and solid franchise, based on providing clients stellar
relationship-based banking services, delivered by talented private
client banking teams, equipped to handle all their needs. We determined
that San Francisco would be a market ripe for our single-point-of
contact model, based on the local penetration of privately owned
businesses including not-for-profit organizations – our niche target
market – as well as mega bank market domination. Our differentiating
service-oriented, client-centric model is most successful amid these
types of business landscapes. We look forward to introducing our
single-point-of-contact approach to the community,” explained President
and Chief Executive Officer Joseph J. DePaolo.

The Bank will host a private reception this week in conjunction with the
official opening of its new financial center.

Signature Bank’s San Francisco private client banking office provides a
full suite of commercial banking products and services. Bankers can be
reached at (628) 218-2188 or [email protected].

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial
bank with 30
private client offices
throughout the New York metropolitan area,
including those in Manhattan, Brooklyn, Westchester, Long Island,
Queens, the Bronx, Staten Island and Connecticut. In 2018, the Bank
expanded its footprint on the West Coast with the opening of its first
full-service private client banking office in San Francisco. The Bank’s
growing network of private client banking teams serves the needs of
privately owned businesses, their owners and senior managers.

Signature Bank’s specialty finance subsidiary, Signature Financial, LLC,
provides equipment finance and leasing. Signature Securities Group
Corporation, a wholly owned Bank subsidiary, is a licensed
broker-dealer, investment adviser and member FINRA/SIPC, offering
investment, brokerage, asset management and insurance products and
services.

Since commencing operations in May 2001, the Bank has grown to $47.36
billion in assets, $36.42 billion in loans, $36.38 billion in deposits,
$4.41 billion in equity capital and $3.78 billion in other assets under
management as of December 31, 2018. Signature Bank’s Tier 1 and
risk-based capital ratios are significantly above the levels required to
be considered well capitalized.

Signature Bank is ranked the 40th largest bank in the
U.S. from nearly 6,000, based on deposits (SNL Financial). The
Bank recently earned several third-party recognitions, including:
appeared on Forbes’
Best Banks in America
list for the eighth consecutive year in 2018;
and, named Best Business Bank, Best Private Bank and Best Attorney
Escrow Services provider by the New
York Law Journal
in the publication’s annual
“Best of” survey for 2018
, earning it a place in the New York Law
Journal’
s Hall of Fame (awarded to companies that have ranked in the
“Best of” Survey for at least three of the past four years).

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. 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 teams and other 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 and can
change as a result of many possible events or factors, not all of which
are known to us or in our control. 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. 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.

Contacts

Investor Contact:
Eric R. Howell,
Executive Vice President –
Corporate and Business Development
646-822-1402,
[email protected]

Media Contact:
Susan J. Lewis,
646-822-1825, [email protected]

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