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Metropolitan Bank Holding Corp. - MCB STOCK NEWS

Welcome to our dedicated page for Metropolitan Bank Holding news (Ticker: MCB), a resource for investors and traders seeking the latest updates and insights on Metropolitan Bank Holding stock.

Metropolitan Bank Holding Corp. (Symbol: MCB) is a prominent bank holding company based in New York City. Operating under its subsidiary, Metropolitan Commercial Bank, it provides a wide range of business, commercial, and personal banking services. The bank's footprint includes full-service banking centers located in Manhattan, Brooklyn, and Long Island, emphasizing a community-focused approach.

The bank caters to small businesses, middle-market enterprises, public entities, and affluent individuals. It offers a comprehensive suite of banking products, including deposits, trade finance, cash management solutions, savings accounts, and electronic banking. Additionally, Metropolitan Commercial Bank provides various lending products such as acquisition loans, construction loans, and lines of credit. These services support a diverse array of property types, including retail, office, hospitality, multifamily, mixed-use, warehouse, distribution, and specialty-use properties.

Metropolitan Commercial Bank distinguishes itself with relationship-driven, personalized service and multiple convenient delivery channels, including online banking and flexible mobile banking apps. Clients also enjoy no-fee access to over 1 million ATMs worldwide. The bank is an active issuer of prepaid debit cards, supporting numerous third-party programs, demonstrating its innovative approach to banking solutions.

Recently, Metropolitan Commercial Bank partnered with Automated Financial Systems, Inc. (AFS) to implement AFSVision, a leading commercial lending platform. This partnership aims to modernize the bank's core banking systems, enhancing client experience, profitability, and risk management. This initiative aligns with the bank's strategic goals and commitment to digital transformation.

Metropolitan Commercial Bank has received notable accolades, including being named one of Newsweek's Best Regional Banks and Credit Unions for 2024. It was also recognized by the Independent Community Bankers of America as one of the top ten successful loan producers for 2023. In S&P Global Market Intelligence's annual ranking, the bank was listed among the best-performing community banks in the $3 billion to $10 billion asset range.

As a New York State chartered bank, a member of the Federal Reserve System, and the Federal Deposit Insurance Corporation (FDIC), Metropolitan Commercial Bank maintains a solid commitment to regulatory compliance and equal opportunity lending. For more information, please visit their official website at MCBankNY.com.

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Metropolitan Bank Holding Corp. (MCB) will release its first quarter 2024 financial results on April 18, 2024, followed by a conference call on April 19, 2024, to discuss the results. Investors can access the call via phone or live webcast.
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Metropolitan Commercial Bank (MCB) selects AFSVision as their modern commercial lending platform, enhancing efficiency, client experience, and risk management. AFSVision's advanced features and integration capabilities align with MCB's digital transformation goals, promising growth and profitability.
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Metropolitan Commercial Bank (MCB) appoints Gregory Gaare as Senior Vice President and Chief Risk Officer, Theodore George Andreades as Senior Vice President and Bank Secrecy Act/Anti-Money Laundering Officer, and John M. McCaffery as Senior Vice President and Treasurer. The bank aims to enhance its risk management team with experienced professionals to navigate the regulatory landscape and drive growth. Gaare, Andreades, and McCaffery bring extensive expertise from reputable financial institutions to bolster MCB's position in the industry.
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Metropolitan Bank Holding Corp. (MCB) reported a stable financial performance in 2023, with total deposits increasing to $5.7 billion and net loans reaching $5.6 billion. The company achieved a net interest margin of 3.36% for the fourth quarter of 2023, with a return on average equity of 12.4% and return on average tangible common equity of 12.6%. Despite a challenging economic environment, MCB delivered responsible loan growth predominantly funded by core deposits. The company remains well-capitalized and is poised for business growth in 2024.
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Metropolitan Bank Holding Corp. (MCB) will release fourth quarter and full year 2023 financial results on January 18, 2024, and conduct a conference call on January 19, 2024, to discuss the results. The event will be accessible via telephone and live webcast, with a replay available later that day.
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Metropolitan Bank Holding Corp. announces the appointment of Daniel F. Dougherty as Executive Vice President and Chief Financial Officer. He will oversee treasury, investor relations, tax, capital planning, accounting, and financial reporting. Mr. Dougherty has a 25-year banking career and holds a Bachelor of Arts degree in Economics and Business, a Master of Business Administration degree in Finance, and a Chartered Financial Analyst (CFA) charter.
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Metropolitan Commercial Bank promotes April Feely and James M. Sozomenou as Co-Heads of EB-5 Private Client Group. They will provide banking services for stakeholders in the EB-5 Immigrant Investor Program.
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Metropolitan Bank Holding Corp. reports net income of $22.1 million for Q3 2023, demonstrating a disciplined approach to balance sheet management and stability in net interest income.
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Metropolitan Bank Holding Corp. resolves concerns with Federal Reserve and DFS over its relationship with a program manager processing government stimulus funds during the COVID-19 pandemic.
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Metropolitan Commercial Bank announces partnership with Finzly to transform payment processing operations
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FAQ

What is the current stock price of Metropolitan Bank Holding (MCB)?

The current stock price of Metropolitan Bank Holding (MCB) is $59.17 as of December 20, 2024.

What is the market cap of Metropolitan Bank Holding (MCB)?

The market cap of Metropolitan Bank Holding (MCB) is approximately 667.0M.

What services does Metropolitan Commercial Bank provide?

Metropolitan Commercial Bank offers business, commercial, and personal banking services, including loans, deposits, trade finance, and electronic banking.

Where are Metropolitan Commercial Bank's branches located?

The bank operates full-service banking centers in Manhattan, Boro Park (Brooklyn), and Great Neck (Long Island).

What recent achievements has Metropolitan Commercial Bank received?

The bank was named one of Newsweek's Best Regional Banks for 2024 and recognized among the top ten successful loan producers by the Independent Community Bankers of America for 2023.

What does the bank's partnership with AFS entail?

The bank has partnered with AFS to implement AFSVision, a modern commercial lending platform, to enhance client experience, profitability, and risk management.

What types of loans does Metropolitan Commercial Bank offer?

The bank offers acquisition loans, construction loans, and lines of credit for various property types including retail, office, hospitality, and multifamily properties.

Is Metropolitan Commercial Bank a member of the FDIC?

Yes, Metropolitan Commercial Bank is a member of the Federal Deposit Insurance Corporation (FDIC).

Does Metropolitan Commercial Bank offer online banking?

Yes, the bank provides online banking services and flexible mobile banking apps for convenient access.

What makes Metropolitan Commercial Bank unique?

The bank's unique features include personalized service, no-fee access to over 1 million ATMs worldwide, and active issuance of prepaid debit cards for various programs.

How is Metropolitan Commercial Bank involved in the community?

The bank focuses on serving small businesses, middle-market enterprises, public entities, and affluent individuals in the New York metropolitan area.

Where can more information about Metropolitan Commercial Bank be found?

More information is available on their official website at MCBankNY.com.

Metropolitan Bank Holding Corp.

NYSE:MCB

MCB Rankings

MCB Stock Data

666.99M
9.74M
5.77%
83.14%
4.29%
Banks - Regional
State Commercial Banks
Link
United States of America
NEW YORK