Company Profile
- Headquartered in New York City, Metropolitan Bank Holding Corp. (NYSE: MCB) (“the company”) is a $7.4 billion-asset institution offering commercial and retail banking services through its subsidiary, Metropolitan Commercial Bank. Utilizing a “tech forward” and branch light business model (6 branches), MCB principally targets SME companies, high net worth real estate entrepreneurs, and CRE borrowers in the New York MSA. Originally established in 1999, we consider MCB’s “modern” operating profile to be marked by the company’s 2017 IPO, where it raised $115 of equity capital. Growth since the IPO has been robust and has often exceeded that of peers. With a noted NY area CRE expertise, MCB’s loan portfolio remains fairly concentrated in investor CRE (49% of total loans), with healthcare and skilled nursing facility lending representing the largest sector exposures.
- Previously a significant contributor to MCB’s differentiated commercial deposit gathering…