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Metropolitan Bank Holding Corp. Launches Public Offering of Common Stock

MCB
  • Metropolitan Bank Holding Corp. (NYSE: MCB) launched an underwritten public offering of $175.0 million in common stock.
  • The Company expects to grant underwriters a 30-day option to purchase up to an additional 15% of the shares sold.
  • Proceeds from the offering are planned for organic growth initiatives, investments in the Bank, working capital, & general corporate purposes.
  • UBS Investment Bank & Hovde Group, LLC are acting as joint book-running managers.
  • The offering is subject to market conditions, with no assurance regarding completion, timing, size, or final terms.
  • A shelf registration statement on Form S-3 (File No. 333-283534) became effective on November 29, 2024.
  • Metropolitan Commercial Bank holds a BBB+ investment grade deposit rating from Kroll, affirmed in January 2026.
  • The Bank was named one of Newsweek's Best Regional Banks in 2024 & 2025.
  • The Independent Community Bankers of America ranked the Bank as a top ten loan producer in 2024 among banks with over $1 billion in assets.
  • MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024 for the fourth time.
  • The press release contains forward-looking statements regarding future financial conditions, offering completion, & use of proceeds.
  • Actual results may differ from forward-looking statements due to risks including interest rate policies, loan portfolio performance, liquidity changes, & regulatory actions.