Signature Bank’s Long-Term and Short-Term Credit Ratings Affirmed by Fitch, Kroll and Moody's

Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today it has received affirmation of credit ratings at current levels from three of the financial industry’s premier credit rating agencies: Fitch Ratings, Kroll Bond Rating Agency (KBRA) and Moody’s Investors Services. All ratings on the Bank’s outstanding subordinated debt and noncumulative preferred stock issuances have also been affirmed. The Bank has no long-term senior unsecured debt outstanding. All rating information can be found on the Signature Bank Investor Relations site, and are summarized as follows:

Fitch

Kroll

Moody’s

Long-term Deposits

A-

A+

A

Short-term Deposits

F2

K1

P-1

Long-term Issuer

BBB+

A+

Baa2

Prior to each rating affirmation, Signature Bank underwent a review of its financial stability as well as its business and risk management practices by each credit rating agency. All three annual reviews were conducted between November 2022 and January 2023.

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial bank with 40 private client offices throughout the metropolitan New York area, as well as those in Connecticut, California, Nevada, and North Carolina. Through its single-point-of-contact approach, the Bank’s private client banking teams primarily serve the needs of privately owned businesses, their owners, and senior managers.

The Bank has two wholly owned subsidiaries: Signature Financial, LLC, provides equipment finance and leasing; and, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC, offers investment, brokerage, asset management, and insurance products and services. Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payments platform. Signet allows commercial clients to make real-time payments in U.S. dollars, 24/7/365 and was also the first blockchain-based solution to be approved for use by the NYS Department of Financial Services.