Metropolitan Bank Holding Corp. (NYSE: MCB)

Metropolitan Bank Holding Corp., or MCB, operates as a bank holding company in the financial industry, with its headquarters located in New York, New York. The company is registered under the Bank Holding Company Act and offers a wide range of business, commercial, and retail banking products and services to small businesses, middle-market enterprises, public entities, and affluent individuals primarily in the New York metropolitan area.

MCB's primary business activities involve providing a broad range of banking products and services, focusing on building long-term relationships with its clients. The company's industry expertise allows it to differentiate itself from other banks in the market, offering tailored banking solutions to its clients. MCB operates six banking centers strategically located in Manhattan, Brooklyn, and Great Neck, Long Island, enabling it to serve its clients effectively.

The company generates revenue primarily through its lending activities, including commercial real estate (CRE) and commercial and industrial (C&I) loans. MCB's primary products and services include online banking, mobile banking, ACH, and remote deposit capture, as well as corporate cash management and EB-5 Immigrant Investor Program deposit accounts. The company's customer base consists of middle-market businesses with annual revenues of $5 million to $400 million and real estate entrepreneurs with a net worth of $50 million or more.

MCB's competitive advantages include its relationship-led strategy, industry expertise, and strong deposit franchise. The company's diversified funding strategy enables it to be less reliant on branches, while its deposit products and services are similar to those of mid-to-large competitive banks in its market. MCB faces competition in lending, attracting funds, and merchant processing services from various financial and non-financial institutions.

The company's position within the industry is strong, focusing on serving the needs of middle-market businesses and real estate entrepreneurs in the New York metropolitan area. MCB's lending team has extensive experience in lending to these industries, and the company's ability to provide tailored banking solutions differentiates it from other banks in the market.

MCB serves a diverse range of clients, including healthcare providers, auto leasing firms, wholesalers, manufacturers, and importers and exporters of a wide range of products. The company's corporate cash management accounts belong to clients who are in possession of or have discretion over large deposits, such as property management companies, title companies, bankruptcy trustees, and charter schools.

MCB's brand names and trade names include Metropolitan Bank Holding Corp., Metropolitan Commercial Bank, and the EB-5 Immigrant Investor Program. These names are synonymous with the company's commitment to providing high-quality banking services and its focus on building long-term relationships with its clients.

MCB is committed to environmental, social, and governance (ESG) initiatives, with a strong focus on employee well-being, community involvement, and sustainability. The company has established an ESG working group to oversee its efforts in these areas and has partnered with a sustainability consultant to identify ESG priorities and develop an ESG roadmap. These initiatives demonstrate MCB's commitment to its employees, customers, and the community it serves.