Metropolitan Bank Holding Corp. Prices IPO of Common Stock

11/7/17

NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp., the holding company for Metropolitan Commercial Bank, today announced the pricing of its initial public offering of 3,100,000 shares of common stock at a price to the public of $35.00 per share. The common stock is expected to trade on the New York Stock Exchange under the symbol “MCB.”

In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 465,000 shares of common stock at the initial public offering price less the underwriting discount.

J.P. Morgan and Keefe, Bruyette & Woods, Inc., acted as joint book running managers of the offering and as representatives of the underwriters. The Company was represented by Luse Gorman, PC. The underwriters were represented by Davis Polk & Wardwell LLP.

About Metropolitan Bank Holding Corp.

Metropolitan Bank Holding Corp. is the holding company for Metropolitan Commercial Bank®, The Entrepreneurial Bank. Headquartered in New York City, the Bank operates full-service banking centers in Manhattan, Boro Park, Brooklyn and Great Neck, Long Island. Metropolitan Commercial Bank is a New York State chartered commercial bank, a FDIC member and an equal opportunity lender.

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