Metropolitan Commercial Bank Surpasses $1 Billion in Total Assets

New York, N.Y. (June 23, 2016) Mark DeFazio, President and CEO of Metropolitan Commercial Bank®, recently announced that the Bank’s total assets exceeded the $1 billion mark as of March 1, 2016.

“Surpassing the $1 billion mark is a significant achievement for us,” said Mr. DeFazio. “It is affirmation of the strength and growth of our Bank and our commitment to a singular philosophy and strategy—providing our small business, commercial and personal banking clients with the relationship-driven experience they expect, combined with a broad range of banking products, resources and services that rival the competition. By combining new and innovative technologies with the best of traditional banking practices, we are successfully helping our clients build and sustain wealth.”

Mr. DeFazio cited several factors contributing to Metropolitan Commercial Bank surpassing the $1 billion threshold, including organic growth in the Bank’s lending and retail banking groups and revenue generated by its pre-paid debit card business. Mr. DeFazio also pointed to the Bank’s successful expansion onto Long Island with the opening of its Great Neck, New York banking center in December 2015.

As of May 31, 2016, Metropolitan Commercial Bank’s total assets were $1.15 billion.

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