Signature Bank Prices of Public Offering 4.1M Shares at $56.25

Signature Bank SBNY announced today that its public offering of 4.1 million shares of common stock was priced at $56.25 per share. All shares are being offered by the Bank. The Bank has also granted to the underwriters a 30-day option to purchase up to 615,000 additional shares of common stock from the Bank to cover overallotments. The transaction is expected to close on July 11, 2011.