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Press Release

Signature Bank Reports 2009 Second Quarter Results

Net Income for the Quarter Reached $12.0 Million, or $0.32 Diluted Earnings Per Share, Compared with $10.9 Million, or $0.36 Diluted Earnings Per Share, for the 2008 Second Quarter Excluding the after Tax Effect of the FDIC Special Assessment of $3.5 Million, Net Income for the Quarter Was $13.9 Million, or $0.38 Diluted Earnings Per Share, up 28.5 Percent Deposits for the Quarter Rose $266.8 Million, Totaling $6.10 Billion. Overall Deposit Growth at $1.24 Billion, or 25.4 Percent, from Second Quarter of 2008. Average Deposits in the Quarter Were $5.88 Billion, an Increase of $399.9 Million, or 7.3 Percent, versus the 2009 First Quarter Record Core Deposit Growth of $470.0 Million, or 8.8 Percent, for the Quarter Loans Increased $199.9 Million, or 5.6 Percent, to $3.77 Billion for the Quarter Total Non-Performing Loans Remained Stable at $47.9 Million or 1.27 Percent of Total Loans, Compared with $45.1 Million or 1.26 Percent of Total Loans at March 31, 2009 Bank Successfully Raised $127.1 Million in Public Offering During Second Quarter Tangible Common Equity, Tier One Leverage Capital and Total Risk-Based Capital Ratios of 9.34 Percent, 10.65 Percent and 16.11 Percent, Respectively, Remain Significantly above Those Required to Meet FDIC "Well Capitalized" Standards and among Highest in the Industry Net Interest Margin on a Tax-Equivalent Basis Expanded Two Basis Points to 3.39 Percent When Compared with the 2009 First Quarter Eight Private Client Banking Teams Joined the Bank During the Quarter; Total of 10 Teams Added in the First Half of 2009

Company Release - 7/28/2009 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 2009 second quarter ended June 30, 2009.

Net income for the 2009 second quarter reached $12.0 million, or $0.32 diluted earnings per share, compared with $10.9 million, or $0.36 diluted earnings per share, for the 2008 second quarter. Excluding the after tax effect of the FDIC Special Assessment of $3.5 million, net income for the quarter was $13.9 million, or $0.38 diluted earnings per share, an increase of 28.5 percent.

The increase in second quarter net income is attributable to various factors, including record core deposit growth, solid loan growth, and net interest margin expansion. These factors were partially offset by increases in non-interest expense, including the FDIC special assessment, and the provision for loan losses.

Net interest income for the 2009 second quarter was $60.5 million, an increase of $15.5 million, or 34.4 percent, when compared with the comparable period a year ago. Total assets were $7.88 billion at June 30, 2009, growing $689.0 million, or 9.6 percent, when compared with $7.19 billion at December 31, 2008. Average assets for the second quarter of 2009 were $7.51 billion, an increase of $1.40 billion, or 22.8 percent, from the second quarter of 2008.

Deposits during the second quarter of 2009 grew $266.8 million, or 4.6 percent, to $6.10 billion at June 30, 2009. Core deposits increased $470.0 million, or 8.8 percent along with decreases of $151.8 million in short-term escrow deposits and $51.4 million in brokered deposits. When compared with deposits at December 31, 2008, the overall deposit growth during the past six months represents an increase of $715.1 million, or 13.3 percent. Core deposits grew $784.3 million, or 15.6 percent, during the six months ended June 30, 2009.

"This quarter was highlighted by several achievements, most notably our record core deposit growth. We have again demonstrated that our depositor-focused model continues to distinguish Signature Bank in the marketplace, particularly during these turbulent times," Joseph J. DePaolo, Signature Bank President and Chief Executive Officer noted.

"During the quarter, we also made a significant investment in our future with the hiring of eight private client banking teams. We will continue to use our established platform to recruit additional seasoned banking professionals who know that, at Signature Bank, they can provide a high level of client care from a safe institution with strong financial performance and a solid capital position," DePaolo explained.

Scott A. Shay, Chairman of the Board, added: "Our reputation as a bank with a sound balance sheet and an abundant capital base is growing in the marketplace as evidenced by our largest quarterly core deposit growth since we opened. We continue to put depositor safety as our first priority as demonstrated by our successful completion of common equity offerings of over $275 million since September 2008. By always thinking of depositors first, we are building our franchise to be a safe, 'sleep at night' bank."

Capital

Signature Bank's already strong capital ratios were further strengthened by the public offering of $127.1 million of common stock during the 2009 second quarter. The Bank's tangible common equity, tier one leverage, tier one risk-based, and total risk-based capital ratios were approximately 9.34 percent, 10.65 percent, 15.26 percent and 16.11 percent, respectively, as of June 30, 2009, well in excess of regulatory requirements. The risk-based ratios also reflect the relatively low risk profile of the Bank's balance sheet.

Net Interest Income

Net interest income on a tax-equivalent basis for the 2009 second quarter was $60.6 million, an increase of $15.4 million, or 34.1 percent, from the 2008 second quarter. Average interest-earning assets for the 2009 second quarter rose $1.39 billion, or 24.1 percent, from the same period last year. Yield on interest-earning assets for the 2009 second quarter decreased 13 basis points, to 5.08 percent, compared with the second quarter of last year. The decrease was primarily due to lower prevailing interest rates.

Average costs of deposits and average costs of funds for the 2009 second quarter decreased by 33 and 34 basis points to 1.40 percent and 1.78 percent, respectively, when compared with the second quarter a year ago. These decreases were predominantly due to lower prevailing interest rates.

Net interest margin on a tax-equivalent basis for the 2009 second quarter increased 25 basis points to 3.39 percent compared with the same period a year ago. On a linked-quarter basis, net interest margin increased two basis points. The linked-quarter increase was predominantly due to the reduction in the cost of deposits as a result of lower prevailing interest rates.

Provision for Loan Losses

The provision for loan losses for the 2009 second quarter was $9.4 million, up $3.4 million, or 55.8 percent, versus the second quarter of last year and down $200,000 from $9.6 million for the first quarter of 2009. The increase was primarily driven by the growth in the loan portfolio, combined with an increase in non-performing loans and provisions to recognize the effect on the Bank's loan portfolio of the deteriorating economic environment.

Net charge-offs for the second quarter of 2009 were $4.4 million, or 0.48 percent annualized, compared with $7.2 million, or 0.82 percent, for the 2009 first quarter and $1.4 million, or 0.23 percent, for the 2008 second quarter.

Non-Interest Income and Non-Interest Expense

Non-interest income for the 2009 second quarter was $7.3 million, a decrease of $2.5 million when compared with $9.8 million reported in the second quarter of 2008. The decrease was primarily a result of a decrease in commissions and trading income. Commissions earned on off-balance sheet money market funds were negatively affected due to the current low interest rate environment. The decline in trading income was due to a mark-to-market decrease of $1.5 million on credit default swaps we maintain to hedge certain corporate debt securities.

Non-interest expense for the second quarter of 2009 was $38.9 million, an increase of $8.2 million, or 26.7 percent, versus $30.7 million reported in the second quarter of 2008. The increase for the quarter was primarily a result of the addition of new private client banking teams and offices, growth in client activity, additional costs of $1.4 million related to FDIC deposit assessment fees and the FDIC deposit guarantee program and additional expense of $3.5 million for the FDIC special assessment fee.

The Bank's efficiency ratio increased to 57.4 percent for the 2009 second quarter versus 56.0 percent for the 2008 second quarter. The Bank's efficiency ratio for the quarter was negatively impacted by the increase in FDIC fees, especially the special assessment fee of $3.5 million. Excluding the FDIC special assessment fee, the efficiency ratio was 52.2 percent.

Loans

Loans, excluding loans held for sale, increased $199.9 million, or 5.6 percent, to $3.77 billion at June 30, 2009, versus $3.57 billion at March 31, 2009. At June 30, 2009, loans were 47.8 percent of total assets, compared with 48.0 percent at March 31, 2009. Average loans, excluding loans held for sale, reached $3.67 billion in the second quarter of 2009, growing $150.3 million, or 4.3 percent, since March 31, 2009.

At June 30, 2009, non-performing loans were $47.9 million, representing 1.27 percent of total loans and 0.61 percent of total assets, compared with non-performing loans of $45.1 million, or 1.26 percent of total loans, at March 31, 2009 and $29.1 million, or 1.1 percent of total loans, at June 30, 2008. At the end of the second quarter of 2009, the ratio of allowance for loan losses to total loans was at 1.18 percent, versus 1.11 percent at March 31, 2009 and 1.03 percent at June 30, 2008.

Conference Call

Signature Bank's management will host a conference call to review results of the 2009 second quarter on Tuesday, July 28, 2009, at 10:00 AM ET. All participants should dial 480-629-9770 at least 10 minutes prior to the start of the call.

To hear a live Web simulcast or to listen to the archived webcast 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 303-590-3030 and enter reservation identification number 4121600. The replay will be available from approximately 12:00 PM ET on Tuesday, July 28, 2009, through 11:59 PM ET on Friday, July 31, 2009.

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial bank with 22 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 FINRA/SIPC.

Signature Bank's 22 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; 68 South Service Road, Melville; 923 Broadway, Woodmere; 40 Cuttermill Road, Great Neck and 100 Jericho Quadrangle, Jericho. Queens - 36-36 33rd Street, Long Island City and 78-27 37th Avenue, Jackson Heights. Bronx - 421 Hunts Point Avenue, Bronx. Staten Island - 2066 Hylan Blvd.

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, capitalization, new private client team hires, new office openings, the regulatory environment 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 and regulatory 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    Six months ended
                                      June 30,              June 30,

(dollars in thousands, except per     2009        2008      2009       2008
share amounts)

INTEREST AND DIVIDEND INCOME

Loans held for sale                   $ 446       1,223     1,151      2,544

Loans, net                              50,895    35,260    98,550     69,378

Securities available-for-sale           36,380    34,013    73,448     68,378

Securities held-to-maturity             2,707     3,231     5,371      7,112

Other short-term investments            478       1,101     600        2,553

 Total interest income                  90,906    74,828    179,120    149,965

INTEREST EXPENSE

Deposits                                20,511    20,320    41,441     45,580

Federal funds purchased and
securities sold under agreements to     7,252     6,930     14,465     13,381
repurchase

Federal Home Loan Bank advances         2,597     2,495     5,166      4,673

Other short-term borrowings             -         30        -          61

 Total interest expense                 30,360    29,775    61,072     63,695

Net interest income before provision    60,546    45,053    118,048    86,270
for loan losses

Provision for loan losses               9,402     6,035     18,997     12,437

Net interest income after provision     51,144    39,018    99,051     73,833
for loan losses

NON-INTEREST INCOME

Commissions                             2,654     4,993     5,472      9,331

Fees and service charges                3,294     3,395     6,613      6,992

Net gains on sales of securities        2,100     1,353     4,709      2,857

Net gains on sales of loans             382       419       868        911

Other-than-temporary impairment         (2,335 )  (937   )  (2,335  )  (1,640  )
losses on securities

Portion of loss recognized in other     2,158     -         2,158      -
comprehensive income (before taxes)

Net impairment losses on securities     (177   )  (937   )  (177    )  (1,640  )
recognized in earnings

Trading (loss) income                   (1,483 )  6         (691    )  6

Other income                            547       539       919        1,168

 Total non-interest income              7,317     9,768     17,713     19,625

NON-INTEREST EXPENSE

Salaries and benefits                   21,410    18,722    41,883     35,879

Occupancy and equipment                 3,325     3,116     6,688      6,384

Other general and administrative        14,184    8,877     24,340     17,014

 Total non-interest expense             38,919    30,715    72,911     59,277

Income before income taxes              19,542    18,071    43,853     34,181

Income tax expense                      7,565     7,219     17,264     13,479

Net income                              11,977    10,852    26,589     20,702

Dividends on preferred stock and        -         -         12,203     -
related discount accretion

Net income available to common        $ 11,977    10,852    14,386     20,702
shareholders

PER COMMON SHARE DATA

Earnings per share - basic (1)        $ 0.33      0.36      0.40       0.70

Earnings per share - diluted (1)      $ 0.32      0.36      0.40       0.69

(1) For the six months ended June 30, 2009, includes the negative effect of the
$10.2 million deemed dividend associated with the difference between the
redemption payment and the carrying value of the preferred stock repurchased
from the United States Department of the Treasury.




SIGNATURE BANK
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                                                     June 30,       December 31,

                                                     2009           2008

(dollars in thousands, except per share amounts)     (unaudited)

ASSETS

Cash and due from banks                              $ 158,290      111,927

Short-term investments                                 104,039      4,330

 Total cash and cash equivalents                       262,329      116,257

Securities available-for-sale (pledged $1,760,883
at June 30, 2009 and $1,812,790 at December 31,        3,186,425    2,906,059
2008)

Securities held-to-maturity (fair value $235,504 at
June 30, 2009 and $230,539 at December 31, 2008;       250,428      236,531
pledged $157,935 at June 30, 2009 and $148,239 at
December 31, 2008)

Federal Home Loan Bank stock                           21,881       18,411

Loans held for sale                                    182,287      217,680

Loans, net                                             3,722,784    3,433,555

Premises and equipment, net                            32,445       33,221

Accrued interest and dividends receivable              37,340       36,326

Other assets                                           185,293      194,159

 Total assets                                        $ 7,881,212    7,192,199

LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits

Non-interest-bearing                                   1,589,878    1,563,407

Interest-bearing                                       4,513,118    3,824,479

 Total deposits                                        6,102,996    5,387,886

Federal funds purchased and securities sold under      677,000      785,000
agreements to repurchase

Federal Home Loan Bank advances                        260,000      260,000

Other short-term borrowings                            9,435        4,900

Accrued expenses and other liabilities                 95,579       56,278

 Total liabilities                                     7,145,010    6,494,064

Shareholders' equity

Preferred stock, par value $.01; 61,000,000 shares
authorized; none issued at June 30, 2009; 120,000      -            109,314
shares with $1,000 liquidation value issued and
outstanding at December 31, 2008, net of discount

Common stock, par value $.01; 64,000,000 shares
authorized; 40,593,409 and 35,244,946 shares issued    406          352
and outstanding at June 30, 2009 and December 31,
2008

Additional paid-in capital                             664,809      534,458

Retained earnings                                      136,849      116,707

Net unrealized depreciation on securities, net of      (65,862   )  (62,696   )
tax

 Total shareholders' equity                            736,202      698,135

 Total liabilities and shareholders' equity          $ 7,881,212    7,192,199




SIGNATURE BANK
FINANCIAL SUMMARY, CAPITAL RATIOS, ASSET QUALITY
(unaudited)

                                     Three months ended   Six months ended

(dollars in thousands, except        June 30,  June 30,   June 30,      June 30,
ratios and per share amounts)        2009      2008       2009          2008

PER COMMON SHARE

Net income - basic (1)               $ 0.33    $ 0.36     $ 0.40        $ 0.70

Net income - diluted (1)             $ 0.32    $ 0.36     $ 0.40        $ 0.69

Average shares outstanding - basic   36,655    29,776     35,964        29,740

Average shares outstanding -         36,972    30,062     36,293        30,076
diluted

Book value                           $ 18.14   $ 14.31    $ 18.14       $ 14.31

SELECTED FINANCIAL DATA

Return on average total assets       0.64%     0.71%      0.73%         0.70%

Return on average shareholders'      7.29%     10.16%     7.48%         9.77%
equity

Return on average common             7.29%     10.16%     4.38%         9.77%
shareholders' equity

Efficiency ratio (2)                 57.35%    56.03%     53.71%        55.98%

Efficiency ratio excluding
write-down for other than
                                     57.20%    55.09%     53.64%        55.12%
temporary impairment of securities
(2)

Yield on interest-earning assets     5.08%     5.20%      5.14%         5.36%

Yield on interest-earning assets,    5.08%     5.21%      5.14%         5.37%
tax-equivalent basis (3)

Cost of deposits and borrowings      1.78%     2.12%      1.85%         2.34%

Net interest margin                  3.39%     3.13%      3.39%         3.08%

Net interest margin, tax-equivalent  3.39%     3.14%      3.39%         3.09%
basis (3)

(1) For the six months ended June 30, 2009, includes the negative effect of the
$10.2 million deemed dividend associated with the difference between the
redemption payment and the carrying value of the preferred stock repurchased
from the U.S. Treasury.

(2) The efficiency ratio is calculated by dividing non-interest expense by the
sum of net interest income before provision for loan losses and other
non-interest income.

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

                                     June 30,  March 31,  December 31,  June 30,
                                     2009      2009       2008          2008

CAPITAL RATIOS

Tangible common equity (4)           9.34%     7.83%      8.19%         6.69%

Tier one leverage                    10.65%    9.00%      10.61%        7.64%

Tier one risk-based                  15.26%    13.44%     17.00%        12.63%

Total risk-based                     16.11%    14.25%     17.83%        13.39%

ASSET QUALITY

Non-performing loans                 $ 47,884  $ 45,092   $ 31,885      $ 29,097

Allowance for loan losses            $ 44,430  $ 39,432   $ 36,987      $ 27,820

Allowance for loan losses to         92.79%    87.45%     116.00%       95.61%
non-performing loans

Allowance for loan losses to total   1.18%     1.11%      1.07%         1.03%
loans

Non-performing loans to total loans  1.27%     1.26%      0.92%         1.07%

Quarterly net charge-offs to         0.48%     0.82%      0.32%         0.23%
average loans (annualized)

(4) We define tangible common equity as the ratio of tangible common equity to
adjusted tangible assets (the "TCE ratio") and calculate this ratio by dividing
total consolidated common shareholders' equity by consolidated total assets,
after reducing both amounts by goodwill and other intangible assets net of
related deferred taxes. For the periods presented in the table above, we did not
have or record any goodwill or other intangible assets. As a result, our TCE
ratio was calculated for the periods presented by dividing total common
shareholders' equity by total assets without a reduction for goodwill or other
intangible assets. Tangible common equity is considered to be a non-GAAP
financial measure and should be considered in addition to, not as a substitute
for or superior to, financial measures determined in accordance with GAAP. The
TCE ratio is a metric used by management to evaluate the adequacy of our capital
levels.




SIGNATURE BANK
NET INTEREST MARGIN ANALYSIS
(unaudited)

                      Three months ended               Three months ended

                      June 30, 2009                    June 30, 2008

(dollars in           Average      Interest  Average   Average    Interest  Average
thousands)            Balance      Income/   Yield/    Balance    Income/   Yield/
                                   Expense   Rate                 Expense   Rate

INTEREST-EARNING
ASSETS

Short-term            $ 140,320    71        0.20   %  125,459    781       2.50   %
investments

Investment              3,266,167  39,494    4.84   %  3,116,903  37,564    4.82   %
securities

Commercial loans and
commercial              3,334,181  45,831    5.51   %  2,127,621  30,167    5.70   %

mortgages (1)

Residential             178,152    2,437     5.47   %  176,011    2,518     5.72   %
mortgages

Consumer loans          158,097    2,660     6.75   %  120,014    2,686     9.00   %

Loans held for sale     97,346     446       1.84   %  116,596    1,223     4.22   %

Total
interest-earning        7,174,263  90,939    5.08   %  5,782,604  74,939    5.21   %
assets

Non-interest-earning    333,449                        328,856
assets

Total assets          $ 7,507,712                      6,111,460

INTEREST-BEARING
LIABILITIES

Interest-bearing
deposits

NOW accounts            583,987    1,208     0.83   %  333,683    1,755     2.12   %

Money market            2,927,952  14,040    1.92   %  2,659,604  15,502    2.34   %
accounts

Time deposits           805,589    5,263     2.62   %  361,326    3,063     3.41   %

Non-interest-bearing    1,558,007  -         -         1,371,396  -         -
deposits

Total deposits          5,875,535  20,511    1.40   %  4,726,009  20,320    1.73   %

Borrowings              951,459    9,849     4.15   %  924,285    9,455     4.11   %

Total deposits and      6,826,994  30,360    1.78   %  5,650,294  29,775    2.12   %
borrowings

Other
non-interest-bearing    680,718                        461,166
liabilities and
shareholders' equity

Total liabilities
and shareholders'     $ 7,507,712                      6,111,460
equity

OTHER DATA

Tax-equivalent basis

Net interest income
/ interest rate                    60,579    3.30   %             45,164    3.09   %
spread

Net interest margin                          3.39   %                       3.14   %

Tax-equivalent
adjustment / effect

Net interest income
/ interest rate                    (33    )  -                    (111   )  (0.01  )%
spread

Net interest margin                          -                              (0.01  )%

As reported

Net interest income
/ interest rate                    60,546    3.30   %             45,053    3.08   %
spread

Net interest margin                          3.39   %                       3.13   %

Ratio of average
interest-earning
assets to average                            105.09 %                       102.34 %
interest-bearing
liabilities

(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)

                      Six months ended                  Six months ended

                      June 30, 2009                     June 30, 2008

(dollars in           Average      Interest   Average   Average    Interest   Average
thousands)            Balance      Income/    Yield/    Balance    Income/    Yield/
                                   Expense    Rate                 Expense    Rate

INTEREST-EARNING
ASSETS

Short-term            $ 83,529     114        0.28   %  130,877    1,921      2.95   %
investments

Investment              3,231,966  79,305     4.91   %  3,139,153  76,122     4.85   %
securities

Commercial loans and
commercial              3,263,258  88,473     5.47   %  1,965,281  58,877     6.02   %

mortgages (1)

Residential             179,160    4,982      5.56   %  174,835    5,001      5.72   %
mortgages

Consumer loans          153,272    5,162      6.79   %  117,739    5,750      9.82   %

Loans held for sale     121,388    1,151      1.91   %  102,637    2,544      4.98   %

Total
interest-earning        7,032,573  179,187    5.14   %  5,630,522  150,215    5.37   %
assets

Non-interest-earning    349,033                         309,382
assets

Total assets          $ 7,381,606                       5,939,904

INTEREST-BEARING
LIABILITIES

Interest-bearing
deposits

NOW accounts            521,156    2,487      0.96   %  309,562    3,535      2.30   %

Money market            2,817,511  28,260     2.02   %  2,617,994  35,446     2.72   %
accounts

Time deposits           789,425    10,694     2.73   %  352,742    6,599      3.76   %

Non-interest-bearing    1,548,614  -          -         1,350,552  -          -
deposits

Total deposits          5,676,706  41,441     1.47   %  4,630,850  45,580     1.98   %

Borrowings              984,162    19,631     4.02   %  846,268    18,115     4.30   %

Total deposits and      6,660,868  61,072     1.85   %  5,477,118  63,695     2.34   %
borrowings

Other
non-interest-bearing    720,738                         462,786
liabilities and
shareholders' equity

Total liabilities
and shareholders'     $ 7,381,606                       5,939,904
equity

OTHER DATA

Tax-equivalent basis

Net interest income
/ interest rate                    118,115    3.29   %             86,520     3.03   %
spread

Net interest margin                           3.39   %                        3.09   %

Tax-equivalent
adjustment / effect

Net interest income
/ interest rate                    (67     )  -                    (250    )  (0.01  )%
spread

Net interest margin                           -                               (0.01  )%

As reported

Net interest income
/ interest rate                    118,048    3.29   %             86,270     3.02   %
spread

Net interest margin                           3.39   %                        3.08   %

Ratio of average
interest-earning
assets to average                             105.58 %                        102.80 %
interest-bearing
liabilities

(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