The Bank has Achieved Over 800% Organic Growth Since its
Founding On the Eve of the New Millennium
Metropolitan Commercial Bank (the “Bank,” “MCB”), a full-service
commercial bank based in New York City, proudly announces its 25th
anniversary, signifying a remarkable milestone in its history.
Founded in 1999, Metropolitan Commercial Bank has become a trusted
institution renowned for its commitment to excellence, innovation,
risk management, and community engagement.
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Metropolitan Commercial Bank (Graphic:
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Reflecting on this Quarter Century Anniversary, Metropolitan
Commercial Bank acknowledges a journey defined by growth,
resilience, and unwavering dedication to its clients. Serving as a
cornerstone of the financial landscape, the Bank has catered to
businesses, individuals, and communities with distinction over the
past 25 years. From its inception, Metropolitan Commercial Bank has
remained focused on its mission to deliver unparalleled commercial
banking solutions tailored to a diverse clientele. The Bank
empowers clients to achieve financial success through its
commercial lending, commercial real estate, treasury management,
and innovative digital banking solutions.
"We are thrilled to celebrate this momentous occasion as we
commemorate 25 years of serving our clients, stakeholders and
communities," said Mark R. DeFazio, Founder, President and CEO of
Metropolitan Commercial Bank. "Our Quarter Century Anniversary is a
testament to the enduring commitment of our team and the unwavering
support of our loyal stockholders, Board of Directors, clients,
employees, and regulatory partners. As we look to the future, we
remain dedicated to delivering innovative solutions and exceptional
service that exceed expectations."
In addition to its commitment to client satisfaction,
Metropolitan Commercial Bank has demonstrated a solid commitment to
corporate social responsibility, actively supporting various
charitable initiatives and community organizations. Through
partnerships and volunteering efforts, MCB has made a meaningful
impact in the communities it serves, fostering positive change and
social progress.
To celebrate its Quarter Century Anniversary, Metropolitan
Commercial Bank will host a series of commemorative events and
initiatives throughout the year, inviting clients, employees, and
community members to join in the celebration. These events will
provide an opportunity to reflect on the Bank's achievements,
express gratitude to its stakeholders, and reaffirm its commitment
to excellence, in the years ahead.
As Metropolitan Commercial Bank embarks on its next chapter, it
remains dedicated to upholding the values that have defined its
success over the past 25 years. The Bank looks forward to serving
its clients, stockholders, and communities for many years, staying
focused on profitable and prudent growth and innovation.
About Metropolitan Commercial Bank
Metropolitan Commercial Bank (the “Bank”) is a full-service
commercial bank based in New York City. The Bank provides a broad
range of business, commercial, and personal banking products and
services to individuals, small businesses, private and public
middle-market and corporate enterprises and institutions,
municipalities, and local government entities.
Metropolitan Commercial Bank’s EB-5 / E-2 International Group
delivers banking services and products for United States Citizen
and Immigration Services EB-5 Immigrant Investor Program investors,
developers, Regional Centers, government agencies, law firms and
consulting companies specializing in EB-5 and E-2.
Metropolitan Commercial Bank was named one of Newsweek’s Best
Regional Banks and Credit Unions 2024. The Bank was ranked by
Independent Community Bankers of America among the top ten
successful loan producers for 2023 by loan category and asset size
for commercial banks with more than $1 billion in assets. Kroll
affirmed a BBB+ (investment grade) deposit rating on January 25,
2024.
Metropolitan Commercial Bank operates banking centers and
private client offices in Manhattan and Boro Park, Brooklyn in New
York City and Great Neck on Long Island in New York State.
The Bank is a New York State chartered commercial bank, a member
of the Federal Reserve System and the Federal Deposit Insurance
Corporation, and an equal housing lender. The parent company of
Metropolitan Commercial Bank is Metropolitan Bank Holding Corp.
(NYSE: MCB).
For more information, please visit the Bank’s website at
MCBankNY.com.
Forward Looking Statement Disclaimer
This release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Examples of forward-looking statements include but are not limited
to the Company’s future financial condition and capital ratios,
results of operations and the Company’s outlook and business.
Forward-looking statements are not historical facts. Such
statements may be identified by the use of such words as “may,”
“believe,” “expect,” “anticipate,” “plan,” “continue” or similar
terminology. These statements relate to future events or our future
financial performance and involve risks and uncertainties that may
cause our actual results, levels of activity, performance or
achievements to differ materially from those expressed or implied
by these forward-looking statements. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we caution you not to place undue reliance on these
forward-looking statements. Factors which may cause our
forward-looking statements to be materially inaccurate include, but
are not limited to the continuing impact of the COVID-19 pandemic
on our business and results of operation, an unexpected
deterioration in our loan or securities portfolios, unexpected
increases in our expenses, different than anticipated growth and
our ability to manage our growth, unanticipated regulatory action
or changes in regulations, unexpected changes in interest rates,
inflation, an unanticipated decrease in deposits, an unanticipated
loss of key personnel or existing clients, competition from other
institutions resulting in unanticipated changes in our loan or
deposit rates, an unexpected adverse financial, regulatory or
bankruptcy event experienced by our fintech partners, unanticipated
increases in FDIC costs, changes in regulations, legislation or tax
or accounting rules, the current or anticipated impact of military
conflict, terrorism or other geopolitical events and unanticipated
adverse changes in our clients’ economic conditions or general
economic conditions, as well as those discussed under the heading
“Risk Factors” in our Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q.
Forward-looking statements speak only as of the date of this
release. We do not undertake any obligation to update or revise any
forward-looking statement.
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212-365-6721 IR@MCBankNY.com
Metropolitan Bank (NYSE:MCB)
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