Case 95 Metropolitan Bank Holding Corp

The Metropolitan Commercial Bank (MCB) is the subsidiary of Metropolitan Bank Holding Corporation. MCB offers a wide range of business, commercial, and retail banking products and services to small and middle market businesses and public entities in the New York metropolitan area. The bank is basically a solution-oriented relationship bank which focuses on middle market companies and real estate entrepreneurs. The bank has merged the advanced technological service and community-oriented approach of a local bank along with a comprehensive range of financial solutions and offerings. The bank also offers corporate cash management and retail banking services. The bank holds a prominent position in BaaS via its Global Payments Group delivering worldwide payment infrastructure and acting as an issuing bank for third-party debit card programs, while also offering financial infrastructure such as cash settlement and custodian deposit services. The company operates in a diverse economic region, characteristic of urban hubs, where services, wholesale/retail trade, finance/insurance/real estate, technology firms, and construction constitute the primary sources of employment. The bank issues prepaid cards for nationwide card programs which are managed by third-party program managers. The bank operates six banking centers strategically located within close proximity to target clients. The company competes with regional and national banks within its markets, along with nationwide nonbank commercial finance firms, for competition spanning lending, fund attraction, and merchant processing services, facing challenges from commercial banks, savings associations, credit unions, consumer finance firms, pension trusts, mutual funds, insurance companies, and mortgage-related entities. By December 31, 2022, the bank had assets, loans, and deposits totaled $6.3 billion, $4.8 billion, and $5.3 billion, respectively. By December 31, 2022, the bank employed 239 full-time employees. During the period 2018–2022, the total assets, gross loans, and deposits grew by 34%, 27%, and 39% on average basis.