Metropolitan Bank Holding Corp.
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Metropolitan Bank Holding Corp. - overview
Established
1999
Location
New York, NY, US
Primary Industry
Financial Services
About
Metropolitan Bank Holding Corp. is a financial institution that provides a wide array of commercial and personal banking services tailored to meet the specific needs of diverse clients. Metropolitan Bank Holding Corp. operates primarily as the holding company for Metropolitan Commercial Bank, which specializes in commercial banking solutions.
Founded in 1999 and headquartered in New York, US, the bank has completed 2 deals to date. The founder's specific history is not publicly noted, and there are no mentions of significant changes in business strategy or structure. Metropolitan Commercial Bank (MCB) offers a comprehensive suite of financial products and services designed to meet the diverse needs of its commercial and personal banking clients. The bank specializes in commercial real estate lending, providing flexible financing solutions and customized lending options for investors and developers.
Through its tailored banking services, MCB supports businesses in various sectors, including healthcare, education, and government, by offering unique products such as IOLA accounts for legal professionals, specialized lending for residential healthcare facilities, and tailored solutions for charter schools. The bank's innovative offerings also include an Ultra Insured Money Market account, which ensures enhanced FDIC insurance coverage for large deposits, and a range of commercial lending options aimed at fueling business growth. MCB serves clients primarily in the United States, particularly in dynamic urban markets like New York City, while also accommodating specific needs in global industries. The revenue of Metropolitan Commercial Bank is generated through a combination of interest income from loans, fees associated with banking services, and other financial products.
MCB engages in B2B transactions with businesses that require financing, such as commercial real estate projects and working capital loans. Clients may utilize products like the Ultra Insured Money Market account to secure higher insurance coverage for significant deposits, while also accessing tailored cash management solutions to optimize their cash flow. The bank's diverse client base benefits from competitive pricing structures associated with its financial products, which are designed to enhance the banking experience and support clients' long-term financial goals. MCB maintains a focused approach to relationship-building, ensuring that each client receives strategic guidance in line with their operational demands and growth objectives.
Patriot Financial Partners acquired a stake in Metropolitan Bank Holding Corp. in a PIPE transaction, with financial terms not disclosed. The bank is exploring the launch of new products designed to meet evolving customer needs, although specific release dates have not been announced. MCB is also planning to expand its operations into new markets, particularly targeting urban centers outside of New York City by the end of 2024.
Recent funding will support these initiatives, enhancing product development and regional expansion efforts.
Current Investors
Patriot Financial Partners
Primary Industry
Financial Services
Sub Industries
Retail Banks, Commercial Banks
Website
www.mcbankny.com/
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Metropolitan Bank Holding Corp. - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 52,082,000 | 96,101,000 | 140,409,000 | 124,921,000 | 157,001,000 | - | - | - |
| % Revenue Growth (YoY) | - | 84.5% | 46.1% | (11.0%) | 25.7% | - | - | - |
| EBITDA (USD) | 24,923,000 | 38,492,000 | 50,496,000 | 62,521,000 | 94,633,000 | - | - | - |
| Operating Income (USD) | 23,578,000 | 36,775,000 | 48,284,000 | 57,918,000 | 89,570,000 | - | - | - |
| Operating Margin | 45.3% | 38.3% | 34.4% | 46.4% | 57.1% | - | - | - |
| % EBITDA Margin | 47.9% | 40.1% | 36.0% | 50.0% | 60.3% | - | - | - |
| NET Income (USD) | 12,369,000 | 25,554,000 | 30,134,000 | 39,466,000 | 60,555,000 | - | - | - |
| % Net Margin | 23.7% | 26.6% | 21.5% | 31.6% | 38.6% | - | - | - |
Metropolitan Bank Holding Corp. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Metropolitan Bank Holding Corp. | - | ||||||||
| PIPE | Completed | Metropolitan Bank Holding Corp. | - |
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