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In Photoshop CS4 or newer versions, create a copy of the original layer with Ctrl + J, hide the original layer, use the rectangular marquee tool to draw around the signature, then go to Image and click Crop. Cancel the marching ants with Ctrl + T. Select the copy layer in the layers panel, press Ctrl and click New Layer to create a new layer. Press D to make color sliders black, use the paint bucket tool to fill with black, select the background eraser tool to thoroughly remove the background.
