Signature Bank ( SBNY - news - people ) in New York City as the institution hired away experienced commercial loan officers from other banks.

FORBES: Intelligent Investing Briefing Book

First Niagara Financial Group, Inc. ( NASD: FNFG) is up about 3.4%, TCF Financial Corp. ( NYSE: TCB) is down about 2.3%, and Signature Bank ( NASD: SBNY) is higher by about 0.6%.

FORBES: Notable ETF Outflow Detected - KBE, FNFG, TCB, SBNY

Among the largest underlying components of KBE, in trading today Commerce Bancshares, Inc. ( NASD: CBSH) is up about 1.1%, Signature Bank ( NASD: SBNY) is up about 0.4%, and First Niagara Financial Group, Inc. ( NASD: FNFG) is higher by about 0.8%.

FORBES: SPDR S&P Bank ETF Experiences Big Outflow