SIGNATURE BANK (SBNY) Downgraded by Zacks to NEUTRAL

Zacks Zacks Investment Research downgraded shares of SIGNATURE BANK (SBNY) from OUTPERFORM to NEUTRAL on October 01, 2013, with a target price of $97.20.

Signature Bank is a full service commercial bank with ten private client offices located in the New York metropolitan area serving the needs of privately owned business clients and their owners and senior managers. The bank offers a wide variety of business and personal banking products and services through the bank as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer and investment adviser.

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