2024-09-30 | Metropolitan Commercial Bank Recognized as a Member of Piper Sandler’s Sm-All Stars Class of 2024 | NYSE:MCB

The prestigious award highlights the Bank’s commitment to excellence and innovation

Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company of Metropolitan Commercial Bank, is pleased to announce its recognition as a member of Piper Sandler’s 2024 Sm-All Stars Class. This year’s class welcomed eight new members and welcomed back 22 graduates. The list recognized 30 companies that outperformed the overall industry on a variety of metrics, including growth, profitability, credit and equity.

“Metropolitan Commercial Bank is thrilled to receive this industry recognition, which is a testament to the bank’s commitment to financial excellence and unwavering commitment to our customers,” said Mark R. DeFazio, founder, president and CEO of Metropolitan Commercial Bank. “We are honored to be part of this distinguished group of financial institutions, reaffirming our unwavering commitment to leading the industry in innovative banking solutions that meet the highest standards.”

To achieve SM-All Star status, companies had to have a market capitalization of less than $2.5 billion and overcome numerous hurdles related to growth, profitability, credit quality and capital strength. Compared to industry medians, banks had to achieve better results in terms of EPS growth, loan growth, deposits, ROAE, and were also required to report an NPA ratio below 0.75% as at 30/06/24, i.e. an NCO ratio over the last twelve months of less than 25 bp and the TCE ratio at or above 7.0% on 6/30/24. More information about the rankings can be found here.

About Metropolitan Commercial Bank

Metropolitan Commercial Bank (the “Bank”) is a full-service commercial bank headquartered in New York. The bank offers a wide range of business, commercial and personal banking products and services for individuals, small businesses, private and public enterprises and middle market institutions, as well as corporations, municipalities and local government units.

Metropolitan Commercial Bank’s EB-5/E-2 International Group provides banking services and products to United States Citizen and Immigration Services EB-5 Immigrant Investor Program investors, developers, regional centers, government agencies, law firms and consulting firms specializing in EB – 5 and E-2.

Metropolitan Commercial Bank was named one of Newsweek’s Top Regional Banks and Credit Unions for billions in assets. On January 25, 2024, Kroll affirmed its deposit rating at BBB+ (investment grade).

Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn, New York, and Great Neck, Long Island, New York.

The bank is a commercial bank chartered in New York State, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and a peer-to-peer residential lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE:MCB).

For more information, visit the Bank’s website at MCBankNY.com.

Forward-Looking Statement. Disclaimer regarding statement

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 prospects and operations. Forward-looking statements are not historical facts. These statements can be identified by the use of words such as “may,” “believe,” “expect,” “anticipate,”” “plan,” “Continue” or similar terminology. These statements address future events or our future financial performance and involve risks and uncertainties that could 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 that could cause our forward-looking statements to be materially inaccurate include, but are not limited to, the continued impact of the COVID-19 pandemic on our business and results of operations, unexpected deterioration in our loan or securities portfolio, unexpected increases in our expenses, other than anticipated growth and our ability to manage our growth, unanticipated regulatory actions or changes in regulations, unexpected changes in interest rates, inflation, unanticipated declines in deposits, unanticipated loss of key personnel or existing customers, competition from other institutions causing unanticipated changes in the interest rates on our loans or deposits, unexpected adverse financial, regulatory or bankruptcy events experienced by our fintech partners, unforeseen increases in FDIC costs, changes in tax or accounting regulations, legislation or policies, current or anticipated impacts of military conflict, terrorism or other geopolitical events, and unforeseen adverse developments for our customers ‘ economic conditions or general economic conditions, and 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 undertake no obligation to update or revise any forward-looking statements.

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