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Signature Bank Awards $500,000 in Grants under Its Building Improvement Initiative Program

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Bank Further Demonstrates its Commitment to New York's Not-for-Profit
Affordable Housing Community

Signature Bank (NASDAQ:SBNY), a New York-based full-service commercial
bank, announced today that it further deepened its commitment to the
community with the awarding of grants totaling $500,000 to five
community-based not-for-profit housing developers and managers. These
grants are part of the Signature Bank Building Improvement Initiative,
designed to provide needed capital to not-for-profit owner operators to
facilitate and expedite improvements for tenants in their respective
buildings. Each recipient will receive a $100,000 grant to make capital
improvements to affordable housing properties in their portfolios.

The grant recipients include Banana Kelly Community Improvement
Association (Bronx), Fifth Avenue Committee (Brooklyn), IMPACCT
Brooklyn, Southside United HFDC/Los Sures (Brooklyn) and Clinton Housing
Development Company (Manhattan).

The Bank has allocated $500,000 to offer not-for-profit housing
organizations a Recoverable Grant to finance building-wide or
apartment-unit improvements that will benefit low-to-moderate (LMI)
income tenants. This Recoverable Grant facility has been designed to
offer owners/operators the opportunity to implement improvements that
otherwise might not have been addressed until alternative resources
became available. These funds may be used for a single project or
blended with other funds for a larger project with multiple funding
sources. The funds also may be used for capital improvements and
mechanical/equipment upgrades that will improve living conditions for
tenants. Improvements may be made to infrastructure and plant facilities
or to purchase new appliances, provided that every tenant benefits.

"This program further demonstrates Signature Bank's commitment to the
community and to ensuring affordable and quality housing for New York
City tenants. The Bank's loan portfolio (at year-end 2017) included
$14.4 billion in multifamily loans, of which $11.5 billion or 79 percent
are for properties located in New York City, in census tracts designated
as LMI," explained Signature Bank President and Chief Executive Officer
Joseph J. DePaolo.

"Through the Signature Bank Building Improvement Initiative, we are
focused on addressing some of the most urgently needed housing within
the local community. As a major lender throughout New York City,
Signature Bank recognizes its responsibility to tenants and the
communities in which it lends and through our community development
efforts, has emerged a positive force in the community. In 2017 alone,
the Bank provided financing for 1,284 units of supported housing
(housing for the formerly homeless and 100 percent Section 8 Voucher
recipients). These grants are indicative of our continued dedication to
all the communities we serve throughout the metro-New York area,"
DePaolo concluded.

Joe Restuccia, executive director of the Clinton Housing Development
Company (CHDC), said of the grant: "While development is driving up
rents in Hell's Kitchen, CHDC is preserving 134 units of affordable
housing at four locations in our neighborhood. CHDC appreciates
Signature Bank being part of that critical effort."

Banana Kelly Community Improvement Association, Inc.'s President Harold
DeRienzo also commented on being awarded the grant: "In New York City,
Signature Bank is quickly becoming a leader in responsible multi-family
lending and in promoting the preservation and improvement of affordable
housing. Our organization, Banana Kelly Community Improvement
Association, Inc., is celebrating our 40th Anniversary this
year, and our focus has been and still remains affordable rental
housing. However, many of our properties are in need of critical
repairs, and this recoverable grant from Signature Bank will allow us to
do major façade work at our 58-unit building located at 1244 Westchester
Avenue in the Bronx. This building is in a borough that is quickly
gentrifying; one where average rents went up in the past year by 28% and
now is at $2,000 or above per month. We thank Signature Bank for their
support and leadership, which helps ensure our organization can continue
providing affordable housing for our area's most vulnerable, yet hard
working, Bronx residents."

Juan Ramos, Executive Director at Southside United HDFC - Los Sures®,
said: "We at Los Sures are committed to creating and preserving
affordable housing and preventing displacement for our community in
North Brooklyn. With a portfolio of 36 buildings – and growing –
spanning from Northside Williamsburg to the Southside and Bushwick, we
are constantly working to maintain and improve the quality housing we
provide. We are grateful for partners like Signature Bank, who
understand our organization's ongoing capital demands, and recognize
that investing in the community helps keep them accountable to it. This
generous grant will enable us to complete two important weatherization
and boiler replacement projects for Los Sures, positively impacting over
100 residents."

Executive Director Michelle de la Uz at Fifth Avenue Committee, Inc.
(FAC), commented: "Fifth Avenue Committee greatly appreciates being
selected to receive a $100,000 recoverable grant from Signature Bank to
support the FAC Renaissance project. Through this project, these funds
are helping FAC to preserve deeply affordable housing for low- and
moderate-income New Yorkers in Brooklyn neighborhoods that have
experienced significant gentrification and displacement pressures in
recent years. We are very grateful."

Bernell K. Grier, Executive Director at IMPACCT Brooklyn, stated: "We
are thankful that Signature Bank has recognized that recoverable grants
are essential to our work by providing the much-needed capital to supply
the upfront support for the preservation of our affordable housing
stock. Signature Bank's award will allow IMPACCT Brooklyn to preserve
136 units of affordable housing across 23 buildings in Brooklyn as a
member of the Joint Ownership Entity (JOE). The JOE is an innovative
partnership of local nonprofit organizations with the mission is to
secure the long-term viability of non-profit run affordable housing and
to make members more competitive in securing new affordable housing
development opportunities.

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial
bank with 30
private client offices
throughout the New York metropolitan area,
including those in Manhattan, Brooklyn, Westchester, Long Island,
Queens, the Bronx, Staten Island and Connecticut. The Bank's growing
network of private client banking teams serves the needs of privately
owned businesses, their owners and senior managers.

Signature Bank's specialty finance subsidiary, Signature Financial, LLC,
provides equipment finance and leasing. Signature Securities Group
Corporation, a wholly owned Bank subsidiary, is a licensed
broker-dealer, investment adviser and member FINRA/SIPC, offering
investment, brokerage, asset management and insurance products and
services.

Since commencing operations in May 2001, the Bank has grown to $45.22
billion in assets, $34.15 billion in loans, $34.99 billion in deposits,
$4.15 billion in equity capital and $3.49 billion in other assets under
management as of June 30, 2018. Signature Bank's Tier 1 and risk-based
capital ratios are significantly above the levels required to be
considered well capitalized.

Signature Bank, with more than $44 billion in assets, is ranked
the 40th largest bank in the U.S. from nearly 6,000, based on
deposits (SNL Financial). The Bank recently earned several
third-party recognitions, including: appeared on Forbes'
Best Banks in America
list for the eighth consecutive year in 2018;
named Best Private Bank and Best Attorney Escrow Services provider and
among the top three Best Business Banks for the eighth consecutive year
by the New
York Law Journal
in the publication's annual
Best of Reader survey
; and, cited in the top three of the
nation's best private banking services providers
in the 2017
Best of The National Law Journal
reader rankings.

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. You should not place undue reliance on those
statements because they are subject to numerous risks and uncertainties
relating to our operations and business environment, all of which are
difficult to predict and may be beyond our control. 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 teams and other hires, new
office openings and business strategy. These statements often include
words such as "may," "believe," "expect," "anticipate," "intend,"
"potential," "opportunity," "could," "project," "seek," "should,"
"will," "would," "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 and can
change as a result of many possible events or factors, not all of which
are known to us or in our control. These factors include but are not
limited to: (i) prevailing economic conditions; (ii) changes in interest
rates, loan demand, real estate values and competition, any of which can
materially affect origination levels and gain on sale results in our
business, as well as other aspects of our financial performance,
including earnings on interest-bearing assets; (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; (iv) changes in monetary and fiscal policies of the U.S.
Government, including policies of the U.S. Treasury and the Board of
Governors of the Federal Reserve System; (v) changes in the banking and
other financial services regulatory environment and (vi) competition for
qualified personnel and desirable office locations. Although we believe
that these forward-looking statements are based on reasonable
assumptions, beliefs and expectations, if a change occurs or our
beliefs, assumptions and expectations were incorrect, our business,
financial condition, liquidity or results of operations may vary
materially from those expressed in our forward-looking statements.
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.

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