Metropolitan National Bank Opens Doors Wide to Our Neighbors

NEW YORK, March 24 /PRNewswire/ -- Metropolitan National Bank invites customers of LibertyPointe Bank and Park Avenue Bank to continue to bank in their own neighborhoods.  We encourage these customers to visit any of our three Manhattan locations or the Boro Park banking center, to learn more about Metropolitan National Bank and how we have grown from $8 million in assets when we opened our doors in June 1999 to nearly $589 million today.

"The array of products we offer, along with highly personalized, dedicated service, is what our clients have come to expect from us," says Mark R. DeFazio, Metropolitan National Bank President and CEO. "But in today's market, our clients find comfort in knowing that Metropolitan National Bank maintains a higher level of capital than necessary to be considered a 'well-capitalized' institution."

As the first quarter of 2010 comes to a close, Metropolitan National Bank continues to perform well during the long, slow, and sometimes painful economic recovery. "Our bank's capital levels are adequate, liquidity continues to grow, and asset quality is stable," says DeFazio. "In our ten years of assisting area businesses and residents, our course for growth has been reasonable, careful, and client-driven, which puts us in an enviable position in today's nearly unprecedented economic times."

That course includes keeping true to sound lending practices and a focus on serving middle-market businesses with professional, personal-relationship banking. "While some banks feel that government regulators impede business, we prefer to regard them as partners in our success," says DeFazio. "In fact, we welcome the chance to share with them our risk management processes and procedures."

For those who banked at LibertyPointe and  Park Avenue banks, DeFazio adds, "We welcome the opportunity to show you, our neighbors, how the dedicated personal-service, relationship-driven banking, competitive rates and products, and FDIC protection we offer individuals and businesses in the neighborhood and around the globe can be the start of a long-term, solid relationship."

For more information please visit our website www.metropolitanbankny.com.

SOURCE Metropolitan National Bank