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May 20, 2003

Robert Corrado Joins Signature Bank

Robert Corrado Joins Signature BankBanking industry veteran Robert Corrado has joined Signature Bank as Senior Vice President and Group Director at the firm's New Rochelle, NY location, announced Joseph DePaolo, Signature Bank's President and Chief Executive Officer.

Prior to joining Signature, Mr. Corrado served as a Vice President at HSBC Bank USA (and formerly Republic National Bank of New York) in its private banking and business development divisions. Before that, he held senior positions including Vice President and Branch Manager at National Westminster Bank USA. Earlier in his career, Mr. Corrado worked in the national corporate banking group of Chemical Bank in New York.

Robert is one of the industry's top professionals, with more than 25 years of banking experience," said Mr. DePaolo. "His market knowledge and extensive relationships will be invaluable in helping Signature to expand its services in the Westchester area."

In only two years since launching, Signature Bank has grown to rank among the top five percent of commercial banks by assets in the United States, accumulating a remarkable $1.7 billion in client assets. Now with nine New York area locations, Signature, whose parent company is Bank Hapoalim, one of the top 150 banks in the world, provides a single point of contact for personalized financial service, including full brokerage capabilities through its affiliated brokerage firm, Signature Securities Group. Its target market is businesses, their owners, management or staff as well as individuals with substantial assets. Rather than offering proprietary "house" products, Signature has selected a full complement of best-of-class products and services from a range of top providers – offering flexibility to its bankers and brokers and ensuring objective advice to clients. Continuing its growth pattern, Signature expects to open several additional locations in the New York Metropolitan area within the next year.

Signature Bank's nine locations are: 261 Madison Avenue, 300 Park Avenue, 71 Broadway, 565 Fifth Avenue and 950 Third Avenue in Manhattan, 26 Court Street and 84 Broadway in Brooklyn, 1C Quaker Ridge Road in New Rochelle, NY and 1225 Franklin Avenue in Garden City. Its Website address is www.signatureny.com. Signature Bank is a member FDIC.

Contact:
Media Contact:
Hannah Arnold
(212) 575-4545 or harnold@lakpr.com