Category: News
News
Metropolitan Commercial Bank Named to Newsweek’s America’s Best Regional Banks and Credit Unions 2025
December 19, 2024
This award recognizes Metropolitan Commercial Bank’s impact and steadfast commitment to providing innovative offerings and strategic banking solutions, ensuring the continued success of its clients.
Metropolitan Commercial Bank (the “Bank,” “MCB”), a full-service commercial bank based in New York City announced today that it is recognized as one of America’s Best Regional Banks and Credit Unions 2025 by Newsweek and Plant-A Insights Group. Newsweek and Plant-A Insights Group recognized top regional banks and credit unions in the United States, by conducting a large-scale study based on the analysis of over 9,000 institutions, more than 70,000 customer surveys and millions of social media reviews.
“Being honored for the second consecutive year is truly a testament to our team's unwavering commitment to financial excellence. This award underscores our focus on long-term planning and strategic business development,” said Mark R. DeFazio, Founder, President and CEO of Metropolitan Commercial Bank. “Our clients' success is the driving force behind our mission to deliver innovative banking solutions that meet and exceed their business needs.”
“Regional banks and credit unions are the financial backbone of communities nationwide as they support small businesses, fund local projects, and ensure easy access to essential banking services. Newsweek and market-data research firm Plant-A Insights are proud to introduce ‘America’s Best Regional Banks and Credit Unions 2025,’ highlighting companies utilizing a community- and customer-centric approach to make a big financial impact in their neighborhoods.” – Nancy Cooper – Global Editor in Chief – Newsweek
About Metropolitan Commercial Bank
Metropolitan Commercial Bank (the “Bank”) is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.
Metropolitan Commercial Bank’s EB-5 / E-2 International Group delivers banking services and products for United States Citizen and Immigration Services EB-5 Immigrant Investor Program investors, developers, Regional Centers, government agencies, law firms and consulting companies specializing in EB-5 and E-2.
Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2024. For the fourth time, MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024.
Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.
The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).
For more information, please visit the Bank’s website at MCBankNY.com.
Forward Looking Statement Disclaimer
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 outlook and business. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as “may,” “believe,” “expect,” “anticipate,” “plan,” “continue” or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that may 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 which may cause our forward-looking statements to be materially inaccurate include, but are not limited to the continuing impact of the COVID-19 pandemic on our business and results of operation, an unexpected deterioration in our loan or securities portfolios, unexpected increases in our expenses, different than anticipated growth and our ability to manage our growth, unanticipated regulatory action or changes in regulations, unexpected changes in interest rates, inflation, an unanticipated decrease in deposits, an unanticipated loss of key personnel or existing clients, competition from other institutions resulting in unanticipated changes in our loan or deposit rates, an unexpected adverse financial, regulatory or bankruptcy event experienced by our fintech partners, unanticipated increases in FDIC costs, changes in regulations, legislation or tax or accounting rules, the current or anticipated impact of military conflict, terrorism or other geopolitical events and unanticipated adverse changes in our clients’ economic conditions or general economic conditions, as well as 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 do not undertake any obligation to update or revise any forward-looking statement.
Contacts
212-365-6721
[email protected]
News
Metropolitan Commercial Bank’s Chief Information Security Officer named among the Top Global CISOs of 2024 at CyberDefenseCon 2024
November 4, 2024
Michael Nawrath Won the Title Top Global CISO for 2024 in Cyber Defense Magazine’s 12th Annual Awards
Metropolitan Commercial Bank is proud to announce that its Chief Information Security Officer, Michael Nawrath, has been named one of the Top Global CISOs for 2024.
Mr. Nawrath competed against thousands of candidates for this prestigious award. Judges look at these candidates, searching for the most innovative, with unparalleled success in communicating with their boards and senior level executives, detecting and stopping breaches and data loss, complying with regulations and building powerful risk reduction programs for their organizations.
Chief Information Security Officers (CISOs) are the front line of cyberspace, thwarting cyber threats with exceptional contributions. Their relentless efforts are pivotal in fostering corporate growth, as they adeptly navigate and mitigate substantial risks while ensuring stringent regulatory compliance on a daily basis.
See the full list here
Congratulations, Michael!
News
Metropolitan Commercial Bank Recognized as a Member of Piper Sandler’s Sm-All Stars Class of 2024
September 30, 2024
The Prestigious Award Highlights the Bank’s Commitment to Excellence and Innovation
Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank is pleased to announce its recognition as a member of Piper Sandler’s Sm-All Stars Class of 2024. This year’s class admits 8 new members and welcomes back 22 alumni. The list recognizes 30 companies that outperformed the industry across a variety of metrics including growth, profitability, credit and capital.
“Metropolitan Commercial Bank is thrilled to receive this industry recognition, which is a testament of the bank’s commitment to financial excellence and unwavering dedication to our clients,” 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 steadfast commitment to leading the industry with innovative banking solutions of the highest standards.”
To earn Sm-All Star status, companies needed to have a market cap below $2.5 billion and clear numerous hurdles related to growth, profitability, credit quality, and capital strength. Against industry medians, banks had to outperform EPS growth, loan growth, deposit growth, ROAE, and in addition were required to report an NPA ratio below 0.75% at 6/30/24, an NCO ratio over the last twelve months of less than 25 bps, and a TCE ratio at or above 7.0% at 6/30/24. For more information on the rankings, click here.
About Metropolitan Commercial Bank
Metropolitan Commercial Bank (the “Bank”) is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.
Metropolitan Commercial Bank’s EB-5 / E-2 International Group delivers banking services and products for United States Citizen and Immigration Services EB-5 Immigrant Investor Program investors, developers, Regional Centers, government agencies, law firms and consulting companies specializing in EB-5 and E-2.
Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2024.
Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.
The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).
For more information, please visit the Bank’s website at MCBankNY.com.
Forward Looking Statement Disclaimer
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 outlook and business. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as “may,” “believe,” “expect,” “anticipate,” “plan,” “continue” or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that may 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 which may cause our forward-looking statements to be materially inaccurate include, but are not limited to the continuing impact of the COVID-19 pandemic on our business and results of operation, an unexpected deterioration in our loan or securities portfolios, unexpected increases in our expenses, different than anticipated growth and our ability to manage our growth, unanticipated regulatory action or changes in regulations, unexpected changes in interest rates, inflation, an unanticipated decrease in deposits, an unanticipated loss of key personnel or existing clients, competition from other institutions resulting in unanticipated changes in our loan or deposit rates, an unexpected adverse financial, regulatory or bankruptcy event experienced by our fintech partners, unanticipated increases in FDIC costs, changes in regulations, legislation or tax or accounting rules, the current or anticipated impact of military conflict, terrorism or other geopolitical events and unanticipated adverse changes in our clients’ economic conditions or general economic conditions, as well as 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 do not undertake any obligation to update or revise any forward-looking statement.
Contacts
212-365-6721
[email protected]
News
Metropolitan Commercial Bank Unveils Enhanced Website Experience
September 26, 2024
New Website Strengthens Digital Engagement with Clients
Metropolitan Commercial Bank (the “Bank,” “MCB”), a full-service commercial bank based in New York City is pleased to announce the launch of its new and improved website at MCBankNY.com. By focusing on user experience and accessibility, the new website aims to provide seamless and convenient banking for the bank's valued clients and partners.
“Our mission at Metropolitan Commercial Bank is to provide our clients with the most comprehensive banking solutions while maintaining a high level of personalized service, information security, and innovation,” said Dixiana Berrios, Chief Operating Officer at Metropolitan Commercial Bank. “Our newly launched website emphasizes client experience as well as presenting detailed information about our banking solutions tailored to meet individual and business needs.”
New website highlights:
Enhanced Navigation: Navigation based on the latest user experience trends, with improved menu structures and user-friendly search capabilities. The new design focuses on simplicity, making it easier for clients to find the information they need quickly and efficiently.
Mobile Optimization: Fully optimized for performance on smartphones and tablets.
Secure and Convenient Navigation: Users can benefit from enhanced security measures and the latest web browsing technologies.
Resource Center: A dedicated section provides valuable financial insights, articles, and tools designed to help customers make informed banking decisions.
Client Support: Improved contact options allow clients to receive timely support from our knowledgeable team.
Both new and existing customers are encouraged to explore the new website and take advantage of its features. Metropolitan Commercial Bank strives to build strong relationships with its clients while delivering personalized banking solutions.
About Metropolitan Commercial Bank
Metropolitan Commercial Bank (the “Bank”) is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.
Metropolitan Commercial Bank’s EB-5 / E-2 International Group delivers banking services and products for United States Citizen and Immigration Services EB-5 Immigrant Investor Program investors, developers, Regional Centers, government agencies, law firms and consulting companies specializing in EB-5 and E-2.
Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2024.
Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.
The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).
For more information, please visit the Bank’s website at MCBankNY.com.
Forward Looking Statement Disclaimer
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 outlook and business. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as “may,” “believe,” “expect,” “anticipate,” “plan,” “continue” or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that may 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 which may cause our forward-looking statements to be materially inaccurate include, but are not limited to the continuing impact of the COVID-19 pandemic on our business and results of operation, an unexpected deterioration in our loan or securities portfolios, unexpected increases in our expenses, different than anticipated growth and our ability to manage our growth, unanticipated regulatory action or changes in regulations, unexpected changes in interest rates, inflation, an unanticipated decrease in deposits, an unanticipated loss of key personnel or existing clients, competition from other institutions resulting in unanticipated changes in our loan or deposit rates, an unexpected adverse financial, regulatory or bankruptcy event experienced by our fintech partners, unanticipated increases in FDIC costs, changes in regulations, legislation or tax or accounting rules, the current or anticipated impact of military conflict, terrorism or other geopolitical events and unanticipated adverse changes in our clients’ economic conditions or general economic conditions, as well as 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 do not undertake any obligation to update or revise any forward-looking statement.
Contacts
212-365-6721
[email protected]
News
Metropolitan Commercial Bank Rings NYSE Opening Bell to Commemorate 25th Anniversary
August 29, 2024
NEW YORK--(BUSINESS WIRE)--Metropolitan Commercial Bank (NYSE: MCB) proudly rang the Opening Bell at the New York Stock Exchange today to celebrate its 25th Anniversary. This milestone underscores MCB’s commitment to innovation, growth, and unwavering service to its clients.
“Ringing the Opening Bell at the NYSE for our Quarter Century Anniversary is a moment that will be etched in the history of Metropolitan Commercial Bank”
Mark R. DeFazio, Founder, President, and CEO of Metropolitan Commercial Bank, had the honor of ringing the bell, marking the beginning of the trading day. The event celebrated the Bank’s quarter-century of achievements and set the stage for the next chapter in its ongoing success story.
“Ringing the Opening Bell at the NYSE for our Quarter Century Anniversary is a moment that will be etched in the history of Metropolitan Commercial Bank,” said Mark DeFazio. “This occasion embodies our dedication to building strong relationships, driving innovation, and creating value for our clients, shareholders, and community. As we look to the future, we remain committed to our core principles while embracing the opportunities ahead.”
The ceremony was attended by MCB board members, staff, and their families. The celebration highlighted MCB’s transformation from a community bank to a diversified commercial bank with a national presence, all while maintaining its unwavering commitment to personalized service and community involvement.
As MCB celebrates this milestone, the Bank is not just looking back but also forward with great excitement and optimism. We are poised to continue our trajectory of growth and success, further solidifying our position as a leader in the commercial banking sector of the broader financial services industry.
About Metropolitan Commercial Bank
Metropolitan Commercial Bank (the “Bank”) is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.
Metropolitan Commercial Bank’s EB-5 / E-2 International Group delivers banking services and products for United States Citizen and Immigration Services EB-5 Immigrant Investor Program investors, developers, Regional Centers, government agencies, law firms and consulting companies specializing in EB-5 and E-2.
Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2024 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2024.
Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.
The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).
For more information, please visit the Bank’s website at MCBankNY.com.
Forward Looking Statement Disclaimer
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 outlook and business. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as “may,” “believe,” “expect,” “anticipate,” “plan,” “continue” or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that may 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 which may cause our forward-looking statements to be materially inaccurate include, but are not limited to the continuing impact of the COVID-19 pandemic on our business and results of operation, an unexpected deterioration in our loan or securities portfolios, unexpected increases in our expenses, different than anticipated growth and our ability to manage our growth, unanticipated regulatory action or changes in regulations, unexpected changes in interest rates, inflation, an unanticipated decrease in deposits, an unanticipated loss of key personnel or existing clients, competition from other institutions resulting in unanticipated changes in our loan or deposit rates, an unexpected adverse financial, regulatory or bankruptcy event experienced by our fintech partners, unanticipated increases in FDIC costs, changes in regulations, legislation or tax or accounting rules, the current or anticipated impact of military conflict, terrorism or other geopolitical events and unanticipated adverse changes in our clients’ economic conditions or general economic conditions, as well as 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 do not undertake any obligation to update or revise any forward-looking statement.
Contacts
212-365-6721
[email protected]
News
Metropolitan Commercial Bank Named to ICBA’s Independent Banker Top Lenders List
July 10, 2024
Metropolitan Commercial Bank has been named one of the top 20 Commercial lenders more than $1B in assets in this month's issue of Independent Banker, the award-winning magazine of the Independent Community Bankers of America® (ICBA) and the number-one source for community banking news.
ICBA's ranking is a testament to our commercial team's expertise and dedication. The hard work and determination they put into providing exceptional client service deserves our appreciation.
Metropolitan Commercial Bank continues to strive to be at the forefront of the financial industry. With everything we do, we strive to provide financial excellence and personalized service.
“Community banks are pillars of their communities and work hard every day to serve the unique needs of their local customers,” ICBA President and CEO Rebeca Romero Rainey said. “These top lenders should take pride in this recognition, knowing that their work makes a positive impact in helping their communities flourish.”
The July issue of Independent Banker highlights how these top agriculture, commercial, and consumer and mortgage loan producers are navigating the evolving economic environment while meeting the needs of their customers. This year's standout performers have demonstrated remarkable flexibility and ingenuity while maintaining strong community ties that have contributed to their success and strong, prosperous communities.
Using FDIC data for 2023, Independent Banker calculated a lender score out of 100 for each community bank. The score combines the average of the bank's percentile rank for lending concentration and loan growth in each lending category over the past year, adjusted for loan charge-offs at certain percentile thresholds.
This year’s standout performers are featured in the July issue of Independent Banker magazine.
NEW YORK--(BUSINESS WIRE)--Metropolitan Commercial Bank (the “Bank,” “MCB”), a full-service commercial bank based in New York City, proudly announces its 25th anniversary, signifying a remarkable milestone in its history. Founded in 1999, Metropolitan Commercial Bank has become a trusted institution renowned for its commitment to excellence, innovation, risk management, and community engagement.
“Our Quarter Century Anniversary is a testament to the enduring commitment of our team and the unwavering support of our loyal stockholders, Board of Directors, clients, employees, and regulatory partners. As we look to the future, we remain dedicated to delivering innovative solutions and exceptional service that exceed expectations.”
Reflecting on this Quarter Century Anniversary, Metropolitan Commercial Bank acknowledges a journey defined by growth, resilience, and unwavering dedication to its clients. Serving as a cornerstone of the financial landscape, the Bank has catered to businesses, individuals, and communities with distinction over the past 25 years. From its inception, Metropolitan Commercial Bank has remained focused on its mission to deliver unparalleled commercial banking solutions tailored to a diverse clientele. The Bank empowers clients to achieve financial success through its commercial lending, commercial real estate, treasury management, and innovative digital banking solutions.
"We are thrilled to celebrate this momentous occasion as we commemorate 25 years of serving our clients, stakeholders and communities," said Mark R. DeFazio, Founder, President and CEO of Metropolitan Commercial Bank. "Our Quarter Century Anniversary is a testament to the enduring commitment of our team and the unwavering support of our loyal stockholders, Board of Directors, clients, employees, and regulatory partners. As we look to the future, we remain dedicated to delivering innovative solutions and exceptional service that exceed expectations."
In addition to its commitment to client satisfaction, Metropolitan Commercial Bank has demonstrated a solid commitment to corporate social responsibility, actively supporting various charitable initiatives and community organizations. Through partnerships and volunteering efforts, MCB has made a meaningful impact in the communities it serves, fostering positive change and social progress.
To celebrate its Quarter Century Anniversary, Metropolitan Commercial Bank will host a series of commemorative events and initiatives throughout the year, inviting clients, employees, and community members to join in the celebration. These events will provide an opportunity to reflect on the Bank's achievements, express gratitude to its stakeholders, and reaffirm its commitment to excellence, in the years ahead.
As Metropolitan Commercial Bank embarks on its next chapter, it remains dedicated to upholding the values that have defined its success over the past 25 years. The Bank looks forward to serving its clients, stockholders, and communities for many years, staying focused on profitable and prudent growth and innovation.
About Metropolitan Commercial Bank
Metropolitan Commercial Bank (the “Bank”) is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.
Metropolitan Commercial Bank’s EB-5 / E-2 International Group delivers banking services and products for United States Citizen and Immigration Services EB-5 Immigrant Investor Program investors, developers, Regional Centers, government agencies, law firms and consulting companies specializing in EB-5 and E-2.
Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2024.
Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.
The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).
For more information, please visit the Bank’s website at MCBankNY.com.
Forward Looking Statement Disclaimer
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 outlook and business. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as “may,” “believe,” “expect,” “anticipate,” “plan,” “continue” or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that may 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 which may cause our forward-looking statements to be materially inaccurate include, but are not limited to the continuing impact of the COVID-19 pandemic on our business and results of operation, an unexpected deterioration in our loan or securities portfolios, unexpected increases in our expenses, different than anticipated growth and our ability to manage our growth, unanticipated regulatory action or changes in regulations, unexpected changes in interest rates, inflation, an unanticipated decrease in deposits, an unanticipated loss of key personnel or existing clients, competition from other institutions resulting in unanticipated changes in our loan or deposit rates, an unexpected adverse financial, regulatory or bankruptcy event experienced by our fintech partners, unanticipated increases in FDIC costs, changes in regulations, legislation or tax or accounting rules, the current or anticipated impact of military conflict, terrorism or other geopolitical events and unanticipated adverse changes in our clients’ economic conditions or general economic conditions, as well as 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 do not undertake any obligation to update or revise any forward-looking statement.
Contacts
212-365-6721
[email protected]