Esquire Financial Holdings, Inc. (NASDAQ:ESQ) ("Esquire"), the parent company of Esquire Bank, National Association and Signature Bancorporation, Inc. ("Signature"), the parent company of Signature Bank, announced today the receipt of all required regulatory approvals and waivers necessary to complete the proposed merger. The approvals represent a significant milestone toward completion of the transaction.

A waiver of prior approval with respect to the merger of the holding companies has been granted by the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency has approved the merger of Signature Bank with and into Esquire Bank. The closing of the proposed merger remains subject to the approvals of Esquire stockholders and Signature shareholders and certain other customary closing conditions.