Signature Bank Announces Public Offering

NEW YORK--(Business Wire)--
Signature Bank (Nasdaq:SBNY), a New York-based full service
commercial bank, announced today an underwritten public offering of
3,500,000 shares of its common stock. The Bank will also grant to the
underwriters a 30-day option to purchase up to 525,000 additional
shares of common stock from the Bank to cover over-allotments, if any.

Friedman, Billings, Ramsey & Co., Inc. is expected to act as lead
manager in the offering. Oppenheimer & Co. Inc. and Sandler O'Neill +
Partners L.P. are expected to act as co-managers.

The offering is subject to market conditions and other factors.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any State in which such offer, solicitation or sale
would be unlawful. The common stock offering may be made only by means
of an offering circular, copies of which may be obtained by contacting
Friedman, Billings, Ramsey & Co., Inc., 1001 19th Street North, Suite
1800, Arlington, VA 22209. The securities are neither insured nor
approved by the FDIC. The offering will not be registered with the
Securities and Exchange Commission under the Securities Act because
banks are exempt from such registration.

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service
commercial bank with 21 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 21 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.

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 the offering circular
relating to the offering and 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
Eric R. Howell, 646-822-1402 (Investors)
Chief Financial Officer
ehowell@signatureny.com
or
Susan J. Lewis, 646-822-1825 (Media)
slewis@signatureny.com

Copyright Business Wire 2008