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Press Release

Signature Bank Reports 2007 Fourth Quarter and Year-End Results

-- Net Loss for the Quarter Was $3.0 Million, or $0.10 Diluted Loss Per Share, Versus $8.9 Million Net Income for the 2006 Fourth Quarter Due to a $21.4 Million Other Than Temporary Impairment Write-Down on Investment Securities and a $5.5 Million Increase in the Provision for Loan Losses. 2007 Net Income Was $27.3 Million, or $0.91 Diluted Earnings Per Share, Compared to $33.4 Million, or $1.12 Diluted Earnings Per Share, for 2006

-- Excluding the After-Tax Effect of the $21.4 Million Other Than Temporary Impairment Write-Down on Investment Securities, Net Income for the Quarter Was $8.9 Million, or $0.30 Diluted Earnings Per Share, and Net Income for 2007 Was $39.2 Million, or $1.30 Diluted Earnings Per Share

-- Deposits Reached $4.51 Billion, an Increase of $121.7 Million for the Quarter, Including Core Deposit Growth of $164.0 Million and an Expected Decrease of $42.4 Million in Short-term Escrow Deposits

-- Deposits for 2007 Increased $300.7 Million Versus the Prior Year. Core Deposits (Excluding Short-term Escrow Deposits at Year-end 2006 and 2007) Rose $705.6 Million, or 19.3 Percent, for the Year. Average Deposits for 2007 Were $4.13 Billion, Representing an Increase of $734.5 Million, or 21.6 Percent, When Compared to Average Deposits of $3.40 Billion for 2006

-- Loans Grew $122.8 Million, or 6.5 Percent, in the Quarter to $2.03 Billion, Surpassing the Bank's $2 Billion Target. Loans Increased $448.0 Million, or 28.4 Percent, Since Year-end 2006

-- Net Interest Margin on a Tax-Equivalent Basis Declined Ten Basis Points from the Third Quarter of 2007; Of This Decline, Two Basis Points Were Attributable to an Increase in Non-Performing Loans and Five Basis Points Were Attributed to a New York State Government-mandated Increase in the Interest Rate Paid on Interest On Lawyers (Deposit) Accounts (IOLA)

-- One Private Client Banking Team With Four Group Directors and Three Associate Group Directors Joined During the Quarter; Seven New Teams Added for the Year

Company Release - 2/14/2008 5:00 AM ET

NEW YORK--(BUSINESS WIRE)--

Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced results for its 2007 fourth quarter and year ended December 31, 2007.

Net loss for the quarter was $3.0 million, or $0.10 diluted loss per share, compared with net income of $8.9 million, or $0.30 diluted earnings per share, for the 2006 fourth quarter. The fourth quarter results include a $21.4 million other than temporary impairment write-down on investment securities. Excluding the after-tax effect of the impairment write-down on investment securities, net income for the quarter was $8.9 million, or $0.30 diluted earnings per share. The quarter's results reflect an increase of $5.5 million in the provision for loan losses, predominantly driven by two loans placed on non-accrual in the fourth quarter of 2007. Additionally, the quarter's results also reflect a rise in net interest income of $5.4 million, or 16.4 percent, fueled by an increase in average interest earning assets of $790.6 million, as well as an increase in commission and fee income.

Total assets were $5.85 billion at year-end 2007, up $445.7 million, or 8.3 percent, when compared with $5.40 billion at year-end 2006. Average assets for 2007 were $5.42 billion, representing an increase of $811.9 million, or 17.6 percent, when compared with average assets of $4.61 billion for 2006.

Deposits increased $121.7 million in the fourth quarter, reaching $4.51 billion at December 31, 2007. This amount includes core deposit growth of $164.0 million and an expected decrease of $42.4 million in short-term escrow deposits, which due to their nature were released during the quarter. The overall deposit growth for 2007 was $300.7 million when compared with deposits at December 31, 2006. Excluding short-term escrow deposits of $550.3 million at year-end 2006 and $145.5 million at year-end 2007, core deposits increased $705.6 million, or 19.3 percent, for the year. Average total deposits for 2007 were $4.13 billion, representing an increase of $734.5 million, or 21.6 percent, when compared to average total deposits of $3.40 billion for 2006.

For the year ended December 31, 2007, net income was $27.3 million, or $0.91 diluted earnings per share, versus $33.4 million, or $1.12 diluted earnings per share, last year. The decrease of $6.1 million, or 18.2 percent, in net income for the year was primarily attributable to a $21.4 million other than temporary impairment write-down on investment securities reflected in fourth quarter earnings, partially offset by an increase of $24.7 million, or 20.3 percent, in net interest income. Additionally, there was an increase of $4.5 million, or 54.6 percent, in commission income and an increase of $3.0 million, or 32.3 percent, in fees and service charges. Excluding the after-tax effect of the $21.4 million impairment write-down, net income for the year was $39.2 million, or $1.30 diluted earnings per share.

"We fully recognize the challenges brought about by the dislocated and illiquid mortgage securities marketplace. The fourth quarter events have not and will not deter us from continuing to successfully pursue our fundamental strategy - one that is strongly intact as evidenced by our core deposit and loan growth, where we surpassed targets on both fronts," said Joseph J. DePaolo, President and Chief Executive Officer.

"In 2007, we added seven teams in total and opened two private client offices to specifically accommodate new teams in areas where they developed their clientele. During the fourth quarter, we added our largest team to date, which consists of four Group Directors and three Associate Group Directors. Their capabilities and long-standing client relationships with many of New York's largest real estate families, coupled with those of our other established teams, will help to attract additional opportunities for the Bank and further augment our presence in the entire New York metro area.

"Overall, our fundamentals are consistent. We remain focused on executing our business plan by successfully recruiting seasoned banking professionals and providing clients with a single point of contact to meet all their financial services needs. This model continues to clearly distinguish Signature Bank in the marketplace," DePaolo stated.

Scott A. Shay, Chairman of the Board, noted: "In 2007, we relentlessly focused on our core strategy and the successful execution of our business plan. However, the mortgage market dislocation and illiquidity impacted the availability of reliable market prices for even highly rated and performing securities such as those for which we recognized an other than temporary impairment write-down. Even with the impact of this dislocation on about one percent of our balance sheet, our capital levels remain strong and well above most of our peers and larger banks. As we look to 2008, we will continue to take advantage of the unprecedented consolidation that is occurring in our marketplace and further deliver on our plan. This is why the Bank has emerged as a $6 billion financial institution in less than seven years - one that effectively competes with the mega-banks in, by far, the nation's largest deposit market."

Net Interest Income

Net interest income on a tax-equivalent basis for the fourth quarter of 2007 was $38.3 million, an increase of $5.6 million, or 17.2 percent, from the comparable period a year ago. Average interest-earning assets for the 2007 fourth quarter increased $790.6 million, up 17.1 percent from the same period last year. Asset yields for the 2007 fourth quarter expanded to 5.89 percent, an increase of 18 basis points when compared with the 2006 fourth quarter. The increase was predominantly due to an increase in loans as a percentage of average interest-earning assets. Average costs of deposits and funds for the 2007 fourth quarter increased by 35 and 18 basis points to 2.94 and 3.18 percent, respectively, versus the 2006 fourth quarter. The increase in the costs of deposits and funds is reflective of the competitive marketplace.

Net interest income on a tax-equivalent basis for the year ended December 31, 2007 was $147.1 million, an increase of $25.0 million, or 20.5 percent, from the 2006 year-end. The increase in net interest income for the year is predominantly due to an increase in average earning assets of $760.8 million and expanding net interest margins.

The net interest margin on a tax-equivalent basis for the 2007 fourth quarter increased one basis point to 2.81 percent when compared with the fourth quarter of 2006. On a linked quarter basis, net interest margin on a tax-equivalent basis decreased ten basis points, approximately five basis points of which were attributable to a New York state government-mandated increase in interest rates paid on Interest On Lawyer (Deposit) Accounts (IOLA). Additionally, another two basis points of the decrease in margin can be attributed to the higher level of non-accruing loans. The net interest margin on a tax-equivalent basis for the year increased eight basis points to 2.88 percent. This increase is primarily the result of an increase in loans as a percentage of assets.

Non-Interest Income and Non-Interest Expense

Non-interest income for the fourth quarter of 2007 was a loss of $13.0 million, a decrease of $19.2 million compared with $6.3 million reported in the 2006 fourth quarter. For 2007, non-interest income was $8.7 million versus $21.3 million reported in 2006, down $12.6 million. The decline for the quarter and the year was the result of a $21.4 million other than temporary impairment write-down on investment securities reflected in fourth quarter earnings. The decrease was partially offset by an increase in commissions associated with off-balance sheet escrow deposits as well as an increase in fees and service charges related to client expansion. Excluding the effect of the other than temporary impairment write-down, non-interest income for the fourth quarter and full year 2007 increased $2.2 million and $8.8 million, respectively.

The securities written down in the fourth quarter consisted of six collateralized debt obligations (CDOs) issued in 2004-2005 and six asset-backed securities (ABSs) issued principally in 2004-2005 with total amortized costs of $40.0 million and $23.3 million, respectively, prior to the impairment write-down. The estimated market values of the CDOs and ABSs at December 31, 2007 totaled $23.2 million and $18.7 million, respectively, representing declines in value of $16.8 million on the CDOs and $4.6 million on the ABSs. All principal and interest payments have been made to date in accordance with the terms of each security and, except for a $0.4 million ABS, none of the securities have been downgraded (substantially all of the securities, based on dollar values, are rated AA). Although the securities have performed well and maintained their ratings, management concluded that the securities were other than temporarily impaired within the meaning of generally accepted accounting principles (GAAP) based on the extent and duration of the decline in market value below amortized cost, giving consideration to the current illiquid conditions and the uncertainty of a near-term recovery in value.

As required by GAAP, the securities were written down to their market values at December 31, 2007 and the impairment write-down totaling $21.4 million was charged to fourth quarter non-interest income. After taxes, the impairment write-down reduced net income for the fourth quarter and full year by $11.9 million. Refer to the detailed schedule included in the Financial Tables.

Non-interest expense for the fourth quarter was $25.1 million compared with $21.9 million reported in last year's fourth quarter, up $3.2 million, or 14.6 percent. This increase was primarily due to the addition of new private client banking teams and offices, as well as additional costs of $553,000 related to FDIC deposit assessment fees enacted in 2007.

For the year, non-interest expense reached $99.1 million, an increase of $17.8 million when compared with 2006. This increase was primarily due to the addition of new private client banking teams and offices, growth in client activity, including operating expenses associated with short-term escrow deposits, and additional costs of $2.0 million related to FDIC deposit assessment fees enacted in 2007.

The Bank's efficiency ratio was 53.9 percent for the 2007 fourth quarter after excluding the impairment write-down versus 55.9 percent for the 2007 third quarter. This improvement was primarily due to growth in net interest income, coupled with expense containment.

Loans

Loans, excluding loans held for sale, for the 2007 fourth quarter rose $122.8 million, or 6.5 percent, to $2.03 billion at December 31, 2007 versus $1.90 billion at September 30, 2007. At December 31, 2007, loans increased $448.0 million or 28.4 percent when compared with loans at December 31, 2006. Loans to total assets at December 31, 2007 were at 34.6 percent compared with 33.9 percent at the end of the 2007 third quarter and 29.2 percent at the end of 2006. Average loans, excluding loans held for sale, for the fourth quarter of 2007 reached $2.0 billion, an increase of $138.9 million, or 7.5 percent, from the third quarter of 2007 and an increase of $541.9 million, or 37.3 percent, from the fourth quarter of 2006.

Loans held for sale were $172.4 million as of December 31, 2007, a decrease of $9.9 million, or 5.4 percent, from September 30, 2007. Periodic fluctuations of loans held for sale are predominantly due to the timing of SBA loan purchases and subsequent pool sales.

At December 31, 2007, non-performing loans were $18.6 million, representing 0.92 percent of total loans compared to non-performing loans of $2.6 million at September 30, 2007. At December 31, 2007, the ratio of allowance for loan losses to total loans was at 0.90 percent and the ratio of allowance for loan losses to total non-performing loans was 98.3 percent.

The increase in non-performing loans is predominantly attributed to two loans. One loan, for $5.9 million, is collateralized by a commercial property. The second loan is approximately $9.2 million following a charge-off of $2.0 million during the quarter. The Bank is working toward a resolution following several unexpected events that occurred in this client's business. The loan has been specifically reserved for through the Bank's allowance for loan losses.

Capital

Signature Bank's capital ratios remain strong. The Bank's tier 1 risk-based, total risk-based and leverage capital ratios were approximately 14.82 percent, 15.43 percent and 7.75 percent, respectively, as of December 31, 2007, well in excess of regulatory requirements. The ratios reflect the relatively low risk profile of the balance sheet.

In conclusion, DePaolo noted: "Signature Bank continues to cement its market position and reputation as a premier financial services provider throughout the New York area, offering clients - which include privately owned businesses, their owners and senior managers -- unparalleled service and responsiveness through our single point of contact approach. This single-minded dedication to client attention has undoubtedly defined our role in the industry among both clients and bankers alike."

Conference Call

Signature Bank's management will host a conference call to review results of the 2007 fourth quarter and year-end on Thursday, February 14, 2008, at 10:00 AM ET. Participants should dial 800-867-1054 at least ten minutes prior to the start of the call. International callers should dial 303-205-0055.

To hear a live web simulcast or to listen to the archived web cast following completion of the call, please visit the Bank's web site at www.signatureny.com, click on the "Investor Relations" tab, then select "Company News," followed by "Conference Calls," to access the link to the call. To listen to a telephone replay of the conference call, please dial 303-590-3000 and enter reservation identification number 11108838. The replay will be available from approximately 12:00 PM ET on Thursday, February 14, 2008, through 11:59 PM ET on Tuesday, February 19, 2008.

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial bank with 20 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 20 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; 84 Broadway and 6321 New Utrecht Avenue. 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; 923 Broadway, Woodmere and 40 Cuttermill Road in Great Neck. Queens - 36-36 33rd Street, Long Island City and 78-27 37th Avenue, Jackson Heights. Bronx - 421 Hunts Point Avenue, Bronx.

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 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," "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.

SIGNATURE BANK
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)

                                  Three months ended    Year ended
                                     December 31,      December 31,
                                  ------------------------------------
(dollars in thousands, except per
 share amounts)                     2007      2006     2007     2006
----------------------------------------------------------------------
INTEREST AND DIVIDEND INCOME
Loans held for sale                  $1,322    1,287     5,341   4,871
Loans, net                           35,785   27,993   134,240  92,994
Securities available-for-sale        37,155   32,007   141,710 123,045
Securities held-to-maturity           4,123    3,984    15,624  16,003
Other short-term investments          1,856    1,367     4,690   2,744
----------------------------------------------------------------------
 Total interest income               80,241   66,638   301,605 239,657
----------------------------------------------------------------------
INTEREST EXPENSE
Deposits                             33,194   23,782   115,959  80,070
Federal funds purchased and
 securities sold under agreements
 to repurchase                        6,711    6,485    27,543  22,309
Federal Home Loan Bank advances       2,195    3,104    10,215  12,678
Other short-term borrowings              68      560     1,098   2,552
----------------------------------------------------------------------
 Total interest expense              42,168   33,931   154,815 117,609
----------------------------------------------------------------------
Net interest income before
 provision for loan losses           38,073   32,707   146,790 122,048
Provision for loan losses             6,994    1,511    12,316   4,145
----------------------------------------------------------------------
Net interest income after
 provision for loan losses           31,079   31,196   134,474 117,903
----------------------------------------------------------------------
NON-INTEREST INCOME
Commissions                           3,570    3,025    12,699   8,215
Fees and service charges              3,341    2,262    12,288   9,285
Net gains on sales of securities
 and loans                              868      436     2,767   1,765
Write-down for other than
 temporary impairment of
 securities                         (21,404)       -   (21,404)      -
Other income                            642      539     2,396   2,063
----------------------------------------------------------------------
 Total non-interest income (loss)   (12,983)   6,262     8,746  21,328
----------------------------------------------------------------------
NON-INTEREST EXPENSE
Salaries and benefits                14,892   12,536    59,464  49,231
Occupancy and equipment               2,874    2,366    10,452   8,987
Other general and administrative      7,312    6,979    29,146  23,024
----------------------------------------------------------------------
 Total non-interest expense          25,078   21,881    99,062  81,242
----------------------------------------------------------------------
Income (loss) before income taxes    (6,982)  15,577    44,158  57,989
Income tax expense (benefit)         (3,954)   6,692    16,879  24,629
----------------------------------------------------------------------
Net income (loss)                   $(3,028)   8,885    27,279  33,360
----------------------------------------------------------------------
PER COMMON SHARE DATA
Earnings (loss) per share - basic    $(0.10)    0.30      0.92    1.13
Earnings (loss) per share -
 diluted                             $(0.10)    0.30      0.91    1.12
SIGNATURE BANK
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                                        December 31,    December 31,
                                            2007            2006
(dollars in thousands, except per share  (unaudited)
 amounts)
----------------------------------------------------------------------
ASSETS
Cash and due from banks                      $107,788         150,227
Short-term investments                        131,241         320,594
----------------------------------------------------------------------
  Total cash and cash equivalents             239,029         470,821
----------------------------------------------------------------------
Securities available-for-sale (pledged
 $1,372,380 and $1,529,241 at
  December 31, 2007 and 2006)               2,805,711       2,654,605
Securities held-to-maturity (fair market
 value $335,905 and $373,541 at
 December 31, 2007 and 2006; pledged
  $136,443 and $269,387 at December 31,
  2007 and 2006)                              339,441         381,728
Federal Home Loan Bank stock                   14,687          16,961
Loans held for sale                           172,367         125,978
Loans, net                                  2,007,342       1,563,789
Premises and equipment, net                    27,107          22,221
Accrued interest and dividends
 receivable                                    32,796          29,338
Other assets                                  206,692         133,984
----------------------------------------------------------------------
  Total assets                             $5,845,172       5,399,425
----------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits
 Non-interest-bearing                       1,298,568       1,586,440
 Interest-bearing                           3,213,322       2,624,719
----------------------------------------------------------------------
  Total deposits                            4,511,890       4,211,159
----------------------------------------------------------------------

Federal funds purchased and securities
 sold under agreements to repurchase          612,000         467,000
Federal Home Loan Bank advances               195,000         260,000
Other short-term borrowings                     9,932           6,687
Accrued expenses and other liabilities         90,594          61,981
----------------------------------------------------------------------
  Total liabilities                         5,419,416       5,006,827
----------------------------------------------------------------------
Shareholders' equity

Preferred stock, par value $.01;
 61,000,000 shares authorized and
 unissued at December 31, 2007 and 2006             -               -
Common stock, par value $.01;
 64,000,000 shares authorized;
 29,696,212 and 29,598,107 shares
 issued and outstanding at December 31,
 2007 and 2006                                    297             296
Additional paid-in capital                    370,139         366,715
Retained earnings                              73,442          46,163
Net unrealized depreciation on
 securities available-for-sale, net of
 tax                                          (18,122)        (20,576)
----------------------------------------------------------------------
  Total shareholders' equity                  425,756         392,598
----------------------------------------------------------------------
  Total liabilities and shareholders'
   equity                                  $5,845,172       5,399,425
----------------------------------------------------------------------
SIGNATURE BANK
FINANCIAL SUMMARY, CAPITAL RATIOS, ASSET QUALITY
(unaudited)

                                 Three months ended     Year ended
                                 -------------------------------------
                                 December  December  December December
(dollars in thousands, except       31,       31,       31,      31,
 ratios and per share amounts)     2007      2006      2007     2006
----------------------------------------------------------------------
PER SHARE
Net income (loss) - basic         $(0.10)     $0.30    $0.92    $1.13
Net income (loss) - diluted       $(0.10)     $0.30    $0.91    $1.12
Average shares outstanding -
 basic                            29,694     29,582   29,672   29,480
Average shares outstanding -
 diluted                          30,133     29,941   30,092   29,873
Book value                        $14.34     $13.26   $14.34   $13.26

SELECTED FINANCIAL DATA
Return on average total assets     (0.21)%     0.72%    0.50%    0.72%
Return on average shareholders'
 equity                            (2.84)%     9.24%    6.67%    9.25%
Efficiency ratio                   99.95%     56.15%   63.69%   56.66%
Efficiency ratio excluding
 write-down for other than
temporary impairment of
 securities                        53.94%     56.15%   55.99%   56.66%
Yield on interest-earning assets    5.87%      5.71%    5.89%    5.50%
Yield on interest-earning
 assets, tax-equivalent basis
 (1)                                5.89%      5.71%    5.90%    5.50%
Cost of deposits and borrowings     3.18%      3.00%    3.12%    2.79%
Net interest margin                 2.79%      2.80%    2.87%    2.80%
Net interest margin, tax-
 equivalent basis (1)               2.81%      2.80%    2.88%    2.80%

(1) Presented using a 35 percent federal tax rate.


                                 December  September December
                                    31,       30,       31,
                                   2007      2007      2006
----------------------------------------------------------------------
CAPITAL RATIOS
Tier one leverage                   7.75%      8.06%    8.41%
Tier one risk-based                14.82%     15.16%   16.18%
Total risk-based                   15.43%     15.63%   16.73%

ASSET QUALITY
Non-performing loans             $18,559     $2,620   $8,756
Allowance for loan losses        $18,236    $13,613  $13,829
Allowance for loan losses to
 non-performing loans              98.26%    519.58%  157.94%
Allowance for loan losses to
 total loans                        0.90%      0.72%    0.88%
Non-performing loans to total
 loans                              0.92%      0.14%    0.56%
Quarterly net charge-offs to
 average loans (annualized)         0.47%      0.17%    0.01%
SIGNATURE BANK
SCHEDULE OF OTHER THAN TEMPORARY
IMPAIRMENT OF SECURITIES
(unaudited)

                                                             Weighted
                        Market                     Weighted  Average
                          Value                    Average     Loss
Security     Book Value   (in    Down-              Credit   Coverage
 Description (in 000's)  000's)  graded Performing Support    Ratio

-------------------------------- -------------------------------------

AA Rated ABS
 Securities     $19,869  $16,088   No      Yes       30.80% 2.87 times
             ---------- --------
(4 Positions-
 2004/2005
 Issued)     Impairment ($3,781)

A Rated ABS
 Securities      $3,000   $2,539   No      Yes       30.68% 1.99 times
             -------------------
(1 Position-
 2004 Issued)Impairment   ($461)

A Rated ABS
 Securities        $417      $68  Yes      Yes        5.45% 1.17 times
             -------------------
(1 Position-
 2003 Issued)Impairment   ($349)



                        Market                     Weighted
                          Value                    Average
Security     Book Value   (in    Down-              Credit
 Description (in 000's)  000's)  graded Performing Support

-------------------------------- --------------------------

AA Rated
 Mezzanine
 CDO
 Securities     $14,000   $6,353   No      Yes       11.67%
             -------------------
(2 Positions
 - 2004
 Issued)     Impairment ($7,647)

AA Rated High
 Grade CDO
 Securities     $26,000  $16,834   No      Yes        3.24%
             -------------------
(3 Positions
 2004 Issued
 and 1
 Position
 2005 Issued)Impairment ($9,166)
SIGNATURE BANK
NET INTEREST MARGIN ANALYSIS
(unaudited)
                    Three months ended          Three months ended
                    December 31, 2007           December 31, 2006
               -------------------------------------------------------
                          Interest Average            Interest Average
(dollars in     Average   Income/   Yield/   Average  Income/  Yield/
 thousands)     Balance    Expense   Rate    Balance  Expense   Rate
----------------------------------------------------------------------
INTEREST-
 EARNING ASSETS
Short-term
 investments     $128,303  1,540     4.76%     $77,487   1,090   5.58%
Investment
 securities     3,212,769 41,594     5.18%   3,025,272  36,268   4.80%
Commercial
 loans and
 commercial
mortgages (1)   1,703,692 30,380     7.07%   1,158,378  22,163   7.59%
Residential
 mortgages        174,165  2,470     5.67%     159,677   2,309   5.78%
Consumer loans    117,667  3,202    10.80%     135,611   3,521  10.30%
Loans held for
 sale              84,881  1,322     6.18%      74,463   1,287   6.86%
----------------------------------------------------------------------
 Total
  interest-
  earning
  assets        5,421,477 80,508     5.89%   4,630,888  66,638   5.71%
----------------------------------------------------------------------
 Non-interest-
  earning
  assets          311,119                      259,928
----------------------------------------------------------------------
  Total assets $5,732,596                   $4,890,816
----------------------------------------------------------------------
INTEREST-
 BEARING
 LIABILITIES
Interest-
 bearing
 deposits
 NOW and
  interest-
  bearing
  checking        299,327  2,265     3.00%     267,502   1,332   1.98%
 Money market
  accounts      2,554,653 26,429     4.10%   1,882,865  18,281   3.85%
 Time deposits    370,090  4,500     4.82%     343,879   4,169   4.81%
Non-interest-
 bearing
 deposits       1,251,129      -        -    1,142,731       -      -
----------------------------------------------------------------------
  Total
   deposits     4,475,199 33,194     2.94%   3,636,977  23,782   2.59%
----------------------------------------------------------------------
Borrowings        781,551  8,974     4.56%     849,862  10,149   4.74%
----------------------------------------------------------------------
  Total
   deposits and
   borrowings   5,256,750 42,168     3.18%   4,486,839  33,931   3.00%
----------------------------------------------------------------------
 Other non-
  interest-
  bearing
  liabilities
  and
  shareholders'
  equity          475,846                      403,977
----------------------------------------------------------------------
 Total
  liabilities
  and
  shareholders'
  equity       $5,732,596                   $4,890,816
----------------------------------------------------------------------
OTHER DATA
Tax-equivalent
 basis
 Net interest
  income /
  interest rate
  spread                  38,340     2.71%              32,707   2.71%
 Net interest
  margin                             2.81%                       2.80%
----------------------------------------------------------------------
Tax-equivalent
 adjustment /
 effect
 Net interest
  income /
  interest rate
  spread                    (267)   (0.02)%                  -      -
 Net interest
  margin                            (0.02)%                         -
----------------------------------------------------------------------
As reported
 Net interest
  income /
  interest rate
  spread                  38,073     2.69%              32,707   2.71%
 Net interest
  margin                             2.79%                       2.80%
----------------------------------------------------------------------
Ratio of
 average
 interest-
 earning assets
 to average
 interest-
 bearing
 liabilities                       103.13%                     103.21%
----------------------------------------------------------------------
(1) Includes interest income on certain tax-exempt assets presented on
 a tax-equivalent basis using a 35 percent federal tax rate.
SIGNATURE BANK
NET INTEREST MARGIN ANALYSIS
(unaudited)
                       Year ended                  Year ended
                    December 31, 2007           December 31, 2006
               -------------------------------------------------------
                          Interest Average            Interest Average
(dollars in     Average   Income/  Yield/   Average   Income/  Yield/
 thousands)     Balance   Expense   Rate    Balance   Expense   Rate
----------------------------------------------------------------------
INTEREST-
 EARNING ASSETS
Short-term
 investments      $67,695    3,435   5.07%    $31,656    1,699   5.37%
Investment
 securities     3,166,886  158,589   5.01%  3,017,081  140,093   4.64%
Commercial
 loans and
 commercial
mortgages (1)   1,508,236  111,693   7.41%    986,093   73,264   7.43%
Residential
 mortgages        171,193    9,705   5.67%    118,617    6,595   5.56%
Consumer loans    120,537   13,109  10.88%    132,816   13,135   9.89%
Loans held for
 sale              84,661    5,341   6.31%     72,194    4,871   6.75%
----------------------------------------------------------------------
 Total
  interest-
  earning
  assets        5,119,208  301,872   5.90%  4,358,457  239,657   5.50%
----------------------------------------------------------------------
 Non-interest-
  earning
  assets          299,206                     248,055
----------------------------------------------------------------------
  Total assets $5,418,414                  $4,606,512
----------------------------------------------------------------------
INTEREST-
 BEARING
 LIABILITIES
Interest-
 bearing
 deposits
 NOW and
  interest-
  bearing
  checking        292,305    6,460   2.21%    236,286    3,810   1.61%
 Money market
  accounts      2,245,086   92,322   4.11%  1,804,086   63,314   3.51%
 Time deposits    352,869   17,177   4.87%    295,957   12,946   4.37%
Non-interest-
 bearing
 deposits       1,241,491        -       -  1,060,882        -       -
----------------------------------------------------------------------
  Total
   deposits     4,131,751  115,959   2.81%  3,397,211   80,070   2.36%
----------------------------------------------------------------------
Borrowings        831,364   38,856   4.67%    824,024   37,539   4.56%
----------------------------------------------------------------------
  Total
   deposits and
   borrowings   4,963,115  154,815   3.12%  4,221,235  117,609   2.79%
----------------------------------------------------------------------
 Other non-
  interest-
  bearing
  liabilities
  and
  shareholders'
  equity          455,299                     385,277
----------------------------------------------------------------------
 Total
  liabilities
  and
  shareholders'
  equity       $5,418,414                  $4,606,512
----------------------------------------------------------------------
OTHER DATA
Tax-equivalent
 basis
 Net interest
  income /
  interest rate
  spread                   147,057   2.78%             122,048   2.71%
 Net interest
  margin                             2.88%                       2.80%
----------------------------------------------------------------------
Tax-equivalent
 adjustment /
 effect
 Net interest
  income /
  interest rate
  spread                     (267) (0.01)%                   -       -
 Net interest
  margin                           (0.01)%                           -
----------------------------------------------------------------------
As reported
 Net interest
  income /
  interest rate
  spread                   146,790   2.77%             122,048   2.71%
 Net interest
  margin                             2.87%                       2.80%
----------------------------------------------------------------------

Ratio of
 average
 interest-
 earning assets
 to average
 interest-
 bearing
 liabilities                       103.15%                     103.25%
----------------------------------------------------------------------
(1) Includes interest income on certain tax-exempt assets presented on
 a tax-equivalent basis using a 35 percent federal tax rate.

Source: Signature Bank

Contact: Signature Bank Investor Contact: Eric R. Howell, 646-822-1402 Chief Financial Officer ehowell@signatureny.com or Media Contact: Susan J. Lewis, 646-822-1825 slewis@signatureny.com