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Metropolitan Bank Holding Priced, NYSE: MCB

Commercial bank with five branches in the New York MSA.

Industry: Financials

Latest Trade: $46.48 0.00 (0.0%)

First Day Return: +6.3%

Return from IPO: +32.8%

Industry: Financials

Through our wholly owned bank subsidiary, Metropolitan Commercial Bank, we provide a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals in the New York metropolitan area. By combining the high-touch service and relationship-based focus of a community bank with the extensive suite of financial products and services offered by our largest competitors, we believe that we are well-positioned to continue to capitalize on the significant growth opportunities available in the New York metropolitan area. In addition to traditional commercial banking products, we offer cash management and retail banking services. We also serve as an issuing bank for debit card programs nationwide. These activities, together with our five strategically located banking centers, generate a stable source of low cost core deposits and a diverse loan portfolio with attractive risk-adjusted yields.
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IPO News for Metropolitan Bank Holding
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IPO Data
IPO File Date 10/04/2017
Offer Price $35.00
Price Range $31.00 - $34.00
Offer Shares (mm) 3.1
Deal Size ($mm) $109
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/07/2017
Offer Price $35.00
Price Range $31.00 - $34.00
Offer Shares (mm) 3.1
Deal Size ($mm) $109
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 1999
Employees 118
Website www.metropolitanbankny.com