Signature Bank`s President and Chief Executive Officer Named Corporate Leader by New Rochelle Police Foundation

Mon Oct 5, 2009 5:00am EDT

* Reuters is not responsible for the content in this press release.

President and CEO Joseph J. DePaolo to be Honored at Annual Foundation Gala
Event
NEW YORK--(Business Wire)--
Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank,
announced today that its President and Chief Executive Officer, Joseph J.
DePaolo, was named Corporate Leader 2009 by the New Rochelle Police Foundation
of New Rochelle, N.Y. 

DePaolo will be honored by the New Rochelle Police Foundation at a gala event to
be held on Thursday, October 15, 2009 at the Greentree Country Club, 538
Davenport Avenue in New Rochelle. 

DePaolo, a New Rochelle resident, was selected to receive the Corporate Leader
Award 2009 by the Police Foundation, based on his outstanding service and
dedication to the community. Each year, the Executive Board of the New Rochelle
Police Foundation receives suggestions for possible honorees and then presents
these names to its general membership for discussion and final selection of the
honoree. 

Signature Bank has been an important part of the New Rochelle community since it
began operations here in December 2001 with the opening of its private client
banking office. The New Rochelle Police Foundation has close ties to the Bank`s
New Rochelle office. 

The New Rochelle Police Foundation, a non-profit entity, is focused on raising
funds that assist with and undertake programs that strengthen the services
offered by and professionalism of the New Rochelle Police Department. 

"I am honored to be named the Corporate Leader for 2009 by the New Rochelle
Police Foundation. As a New Rochelle resident for 23 years, I recognize various
needs within the community, and I am able to see firsthand the fruits of the
Foundation`s labor," DePaolo said. 

"The Foundation`s commitment, support and initiatives are truly making a
difference in the betterment of New Rochelle. Supporting the Police Foundation
stands to benefit every citizen within our area, and I am proud to be honored by
this important organization. Signature Bank has operated a private client
banking office in New Rochelle since we began establishing our footprint
throughout the metro-N.Y. area. We appreciate the opportunity to serve local
businesses and meet the financial needs of the New Rochelle and Westchester
communities," DePaolo concluded. 

New Rochelle Police Commissioner Patrick Carroll commented on DePaolo being
selected for this prestigious award, stating: "Signature Bank is an important
part of our community and Joe is extremely involved in the Bank`s business
locally and in supporting our community. Over the years, Signature Bank has
grown dramatically, and its presence here is an important part of our business
and economic landscape. We value Signature Bank`s contributions to the growth
and success of the New Rochelle community, and our Foundation is proud to
acknowledge Joe`s and the Bank`s important role within the area." 

Along with the Corporate Leader Award, the Foundation also names an Outstanding
Foundation Board Member and bestows a Corporate Crime Award 2009 each year. Past
recipients of the Corporate Leader Award include, among others, Sidney Frank,
C.E.O. Sidney Frank Importing Co., John Spicer, C.E.O. Sound Shore Medical
Center, and Louis Cappelli, just to name a few. 

In addition to being named Corporate Leader 2009 by the Foundation, DePaolo has
also been recognized over the years by a range of organizations for his
community involvement. He was an Honoree at the 2006 New Rochelle Fund for
Education Excellence. He was awarded the Phyllis Kreitman Memorial Award by the
Leukemia & Lymphoma Society in September 2005. DePaolo was an Honoree at the
Housing & Services luncheon in January 2004 and The Harold Kalikow Memorial Camp
Reception, Benefiting Scouts with Disabilities in June 2003. In May of 2002,
DePaolo was awarded the Ellis Island Medal of Honor, presented by the National
Ethnic Coalition of Organizations Foundation, Inc. The award recognizes
distinguished Americans who have made significant contributions to the country`s
heritage. Formerly, DePaolo was a member of the Westchester County Association,
the Board of Directors of the American Heart Association of Westchester and the
Board of Trustees of Manhattanville College in Purchase, New York. In 1998 and
1999, he was Chairman of the American Heart Association`s Westchester County
Heart Walks. Nationwide fund raising records were set in each of those years.
DePaolo has received numerous awards on the local, state and national levels
from the American Heart Association and was the Honoree at their 2000 Annual
Gala. 

DePaolo, 50, is a graduate of Iona College in Westchester, N.Y., which he
attended on a full academic scholarship. He graduated Summa cum Laude, earning a
Bachelor of Business Administration degree in Accounting. He is also a Certified
Public Accountant (CPA). 

The New Rochelle Police Foundation is a publicly supported, tax exempt,
charitable organization which recognizes the need to meet new challenges within
the law enforcement arena as the police profession grows, changes and adapts to
new technologies and other developments. The New Rochelle Police Foundation is
governed by a Board of Trustees comprised of local business and professional
leaders. They volunteer their time, talents and resources to support the goals
of the Foundation. 

About Signature Bank

Signature Bank, member FDIC, a New York-based full-service commercial bank with
23 private client offices in the New York metropolitan area, serves 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 23 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, 1020 Madison Avenue and 50 West
57th Street. 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. 

Since commencing operations in May 2001, the Bank has grown to $7.88 billion in
assets, $6.1 billion in deposits, $736.2 million in equity capital and $2.24
billion in other assets under management as of June 30, 2009. Signature Bank`s
Tier 1 and risk-based capital ratios are significantly above the levels required
to be considered well capitalized. 

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
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

Copyright Business Wire 2009

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