NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (NYSE:MCB) (“Metropolitan”) today announced that it has completed its initial public offering of 3,565,000shares of its common stock, par value $0.01 per share, at a public offering price of $35.00 per share, which included the exercise of the underwriters’ option to purchase an additional 465,000 shares of Metropolitan common stock. The offering resulted in gross proceeds to Metropolitan of approximately $124.8 million. The net proceeds to Metropolitan, after deducting the underwriting discount and estimated offering expenses, are approximately $115.0 million.

Metropolitan’s common stock now trades on the New York Stock Exchange under the symbol “MCB.”

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.