37% Loan Growth, 25% Deposit Growth, Half The NPAs: Top Analyst From B. Riley Is Finding 25% Equity Returns In East Coast Financial Institutions

67 WALL STREET, New York - October 9, 2009 - The Wall Street Transcript has just published its Northeast and Mid-Atlantic Regional Banks Report offering a timely review of the sector to serious investors and industry executives. This 121 page feature contains expert industry commentary through 21 in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Residential Mortgage Situation -- Regional Banks Mergers and Acquisitions Timing Strategy -- Commercial Mortgage Portfolio Decay -- Timing Of Commercial Mortgage Portfolio Bad Debt Write Offs-- FDIC Hit List For Bank Closings -- Mutual Holding Company Structure -- Interest Rate Scenarios -- Banking Pricing Power -- Expensive Bank Valuations -- Tangible Book As Guide For Bank Stock Pricing -- Distressed Sales Of Community and Regional Banks -- TARP Program -- Attitude Of Institutional Investors Towards Resurgence in Community Banking -- Unique Business Models -- Regional Bank Boards Looking For Exit Companies include: BB and T (BBT); Colonial (CNB); First Niagara (FNFG); PNC (PNC); National City (NCC-PA); Harleysville National (HNBC); Citizens First Bancorp (CTZN); Regions Financial (RF); Bank of America (BAC); SunTrust Banks (STI); Pinnacle Financial (PNFP); Northwest Bancorp Inc. (NWSB); Beneficial (BNCL); Investor Savings Bancorp (ISBC); Territorial Bancorp (TBNK); FNB Bancorp (FNBG.OB); National Penn (NPBC); Trustco Bank (TRST); KeyBank (KEY); M and T Bank (MTB); New York Community Bancorp (NYB); Bank of New York Mellon (BK);...
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Signature Bank upgraded by Sterne Agee

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Signature Bank to Host 2009 Third Quarter Results Conference Call

NEW YORK--(BUSINESS WIRE)--Signature Bank (Nasdaq: SBNY - News), a New York-based full-service commercial bank, announced today that management will host a conference call to review results of its 2009 third quarter ended September 30, 2009 on Tuesday, October 27, 2009, at 10:00 AM ET. Signature Bank’s financial results for the 2009 third quarter will be released prior to market open on Tuesday, October 27, 2009. President and Chief Executive Officer Joseph J. DePaolo and Chief Financial Officer Eric R. Howell will host the conference call.All participants should dial 480-629-9819 at least ten 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 4173144....
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Signature Bank Appoints 13th Private Client Banking Team for the Year

NEW YORK--(BUSINESS WIRE)--Signature Bank (Nasdaq: SBNY - Newsth private client banking team for 2009. The team, which has worked together for the past four years at HSBC, will be headed by Robert Sloposky, who has been named Group Director and Senior Vice President. Joining Sloposky are Robert Fine and Garth Monderoy, both of whom were also appointed Group Director and Senior Vice President while April Feely was named Senior Client Associate. The team will be based out of Signature Bank’s Union Square banking office at 200 Park Avenue South in Manhattan.Most recently, Sloposky, who brings 30 years of experience to Signature Bank, was Vice President, Business Banking at HSBC’s office at 452 Fifth Avenue where he managed a commercial portfolio consisting primarily of professional services firms. Prior to his banking career, Sloposky owned a real estate investment company for 25 years.Fine, a veteran banker whose career spans three decades, was Vice President and Senior Business Relationship Manager, handling a commercial portfolio for clients of HSBC’s Eighth Avenue branch, one of their largest commercial locations. Previously, he was employed with Atlantic Bank of New York where he was a principal of their equipment leasing subsidiary, Gramercy Leasing.Monderoy, with a banking career that extends over 25 years, was Vice President and Branch Manager at the branch at 120...
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Signature Bank Reports 2009 Third Quarter Results

SIGNATURE BANKFINANCIAL SUMMARY, CAPITAL RATIOS, ASSET QUALITY(unaudited)         Three months ended Nine months ended September 30, September 30, September 30, September 30, (dollars in thousands, except ratios and per share amounts)   2009   2008 2009   2008 PER COMMON SHARE Net income - basic (1) ...
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Q3 2009 SIGNATURE BK NEW YORK N Y Earnings Release - Before Market Open

Earnings Announcements for Tuesday, October 27CompanySymbolTimeConferenceCall3M INDIA LTD3MINDIA.BOTime Not SuppliedA.M. Castle & CoCASBefore Market OpenListenAbaxis, Inc.ABAXAfter Market CloseABILITY ENTERPRISE2374.TW03:00 am ETAcadia Realty TrustAKRAfter Market CloseListenACE LimitedACEAfter Market CloseListenActelACTL4:15 pm ETListenADVANCED TECHNOLOGY & MATERIAL000969.SZTime Not SuppliedAdvent SoftwareADVSAfter Market CloseListenAEROSPACE COMMUNICATIONS HOLDING CO600677.SSTime Not SuppliedAGCOAGCOBefore Market OpenListenAIR CHINA LTDAICAF.PKTime Not SuppliedAK Steel Holding CorpAKS08:30 am ETAKER SEAFOODS ASAAKS.OL03:30 am ETAkzo Nobel N.V.AKZOF.PK02:00 am ETAlcon Inc.ACLAfter Market CloseListen...
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How Banks Will Fare in a Commerical Real Estate Crash

The markets have witnessed the damage from banks with significant exposure to residential and consumer loan markets. But how bad will the commercial real estate crash hurt? Upcoming earnings from some smaller, regional banks will likely give investors that answer.This week, banks with large commercial real estate (CRE) exposure that are turning in results include First Niagara Financial Group (FNFG) and National Penn Bancshares (NPBC). On Monday, PrivateBancorp (PVTB) reported results that underwhelmed the Street. The stock closed down almost 37% as EPS undershot expectations.“More pain likely lies ahead for this sector and for those banks with heavy commercial real estate exposure,” New York Fed President Bill Dudley said in a recent speech.There's also evidence to suggest that financial institutions are inadequately protected against potential losses on commercial real estate loans.Wall Street JournalWall Street Journal, from the $1.58 in reserves for every $1 in bad loans from the beginning of 2007.The number of bank failures continues to rise. In fact, regulators shut down seven more regional banks last Friday, which now brings the tally for the year to 106.To put that in historical perspective: There have been more bank failures this year than in...
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Signature Bank to Present at Bank of America Merrill Lynch 2009 Banking and Financial Services Conference

NEW YORK--(BUSINESS WIRE)--Signature Bank (Nasdaq: SBNY - News), a New York-based full-service commercial bank, announced today that its management plans to present its corporate story at the upcoming Bank of America Merrill Lynch 2009 Banking and Financial Services Conference. The conference, designed to showcase publicly traded banks and financial services entities for institutional investors, is scheduled for Tuesday, November 10, 2009 - Wednesday, November 11, 2009 at the Grand Hyatt Hotel in New York City. Signature Bank’s President and Chief Executive Officer Joseph J. DePaolo is scheduled to present on Tuesday, November 10, 2009, at 10:30 A.M. local time. The presentation will address the Bank’s operations, growth plans and strategy.A web cast of Signature Bank’s presentation will be available on November 10, 2009 (beginning at the start time of the presentation) and can be viewed by accessing http://www.veracast.com/webcasts/bas/banking0...
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