Overview
Metropolitan Commercial Bank is a New York City-headquartered commercial bank that provides commercial, real estate, and personal banking services including lending, treasury management, and deposit products.[1][3] Founded in 1999,[4] the bank operates banking centers in Manhattan, Brooklyn, and Long Island.[8] The common stock of its parent company, Metropolitan Bank Holding Corp., is listed on the New York Stock Exchange under the ticker MCB.[5]
The bank offers commercial real estate lending, commercial and industrial lending, business checking and savings accounts, corporate credit cards, SBA 7(a) loans, and deposit products including a High Yield Savings Account and an Ultra Insured Money Market account.[6] MCB operates specialty banking verticals serving law firms, residential healthcare facilities, property managers, government and municipalities, charter schools, EB-5 investors, and title and escrow clients.[7] The bank's leadership includes over 15 senior executives led by President and CEO Mark R. DeFazio, representing over 350 years of collective experience.[10] The company's careers page indicates that artificial intelligence adoption is a critical component of its talent acquisition strategy.[9]
The company's own site places it in New York: The company is named 'Metropolitan Commercial Bank' with a routing number (026013356) that is associated with New York banking institutions.. [2]
The bank states that "Metropolitan Commercial Bank (MCB), headquartered in New York City, has helped our clients grow their businesses and generate wealth since 1999." [4]
Products include commercial real estate lending, commercial and industrial lending, business checking and savings, corporate credit cards, treasury management, SBA 7(a) loans, a High Yield Savings Account advertised at 3.56% APY and an Ultra Insured Money Market offering up to $60 million in FDIC insurance for singular-owned accounts and $120 million for joint accounts. [6]
MCB says it has "banking centers in Manhattan, Brooklyn, and Long Island, we're never far from you in the tri-state area," listing addresses including 99 Park Avenue, New York, NY 10016 and 1431 Broadway, New York, NY 10018. [8]
Growth & traction
The bank's leadership listing names over 15 senior executives, led by President and CEO Mark R. DeFazio, and cites "over 350 years of collective experience." [10]
Recent developments
- The careers page carries a "View Open Positions" call-to-action, mentions openings in commercial lending, business banking and risk management, and states that "The adoption of cutting-edge technologies, including artificial intelligence (AI), is a critical component of our talent acquisition strategy."[9]
Status
- The common stock of parent company Metropolitan Bank Holding Corp. is listed on the New York Stock Exchange under the ticker MCB.[5]
Focus
- MCB runs specialty banking verticals for law firms, residential healthcare facilities, property managers, government and municipalities, charter schools, EB-5 investors and title & escrow / 1031 exchange clients.[7]
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