NEW YORK, June 23, 2016 /PRNewswire/ -- Mark DeFazio, President and CEO of Metropolitan Commercial Bank®, recently announced that the Bank's total assets exceeded the $1 billion mark as of March 1, 2016.
"Surpassing the $1 billion mark is a significant achievement for us," said Mr. DeFazio. "It is affirmation of the strength and growth of our Bank and our commitment to a singular philosophy and strategy—providing our small business, commercial and personal banking clients with the relationship-driven experience they expect, combined with a broad range of banking products, resources and services that rival the competition. By combining new and innovative technologies with the best of traditional banking practices, we are successfully helping our clients build and sustain wealth."
Mr. DeFazio cited several factors contributing to Metropolitan Commercial Bank surpassing the $1 billion threshold, including organic growth in the Bank's lending and retail banking groups and revenue generated by its pre-paid debit card business. Mr. DeFazio also pointed to the Bank's successful expansion onto Long Island with the opening of its Great Neck, New York banking center in December 2015.
As of May 31, 2016, Metropolitan Commercial Bank's total assets were $1.15 billion.
About Metropolitan Commercial Bank
Metropolitan Commercial Bank, The Entrepreneurial Bank, is headquartered in New York City and operates full-service banking centers in Manhattan; Boro Park, Brooklyn; and Great Neck, Long Island. We are a community-focused bank that provides a broad range of business, commercial and personal banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals. In addition to our tradition of relationship-driven, one-on-one personalized service, Metropolitan Commercial Bank offers multiple convenience delivery channels, including online banking, flexible mobile banking apps and no-fee access to over 1 million ATMs worldwide for our clients. The Bank is also an active issuer of prepaid debit cards for an increasing number of third-party prepaid debit card programs. Metropolitan Commercial Bank is a New York State chartered bank, a FDIC member and an equal opportunity lender.
For more information about Metropolitan Commercial Bank please visit the Bank's website: http://www.MetropolitanBankNY.com.
Contact: Jake Mendlinger
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SOURCE Metropolitan Commercial Bank