Metropolitan Commercial Bank Furthers its Reach in the Title and Escrow Deposit Vertical
May 17 2023 - 7:05AM
Business Wire
Metropolitan Commercial Bank (the “Bank”), a New York City-based
full-service commercial bank, announced today the further expansion
of their Title and Escrow Deposit Vertical with the appointment of
two veteran Title and Escrow banking professionals from Fifth Third
Bank.
“Rob and Nowanna are a great fit to assist in expanding our
Title and Escrow group,” said Mark R. DeFazio, President and CEO of
Metropolitan Commercial Bank. “Title and Escrow and 1031 Exchange
business are a natural expansion of one of the Bank’s core
competencies allowing us to deepen our deposit relationships with
accounting and law firms, title companies, and real estate
managers, owners and investors. This new team will report to Laura
Capra, Executive Vice President and Head of Retail Banking for
Metropolitan Commercial Bank.”
Rob Larger joins the Bank as Senior Vice President and Head of
Title and Escrow. He has two decades of banking experience, with
the last four years at Fifth Third Bank focused on Treasury
Management, Large Corporate Deposit Vertical for Title and Escrow
as a Vice President, Senior Commercial Relationship Manager and
National Product Specialist. Robert’s previous banking experience
includes time well spent at Huntington National Bank, Old National
Bank and Charter One Bank.
Nowanna Ward joins the Bank as First Vice President, Title and
Escrow Program Manager. She has 16 years of banking experience,
with the last four years focused on Treasury Management, Large
Corporate Deposit Vertical for Title and Escrow as a Vice President
and Program Manager. Nowanna has spent most of her banking career
at Fifth Third Bank.
“Metropolitan Commercial Bank continues to identify the right
teams as well as the right business lines on which to focus. Rob
and Nowanna’s strong expertise in the Deposit Vertical for the
Title and Escrow banking arena will complement and expand the
Bank’s efforts to increase deposits. This is a key market
opportunity for us. We heartily welcome this team of experienced
professionals to the Metropolitan Commercial Bank family,” said
Laura Capra, Executive Vice President and Head of Retail Banking
for Metropolitan Commercial Bank.
About Metropolitan Commercial Bank Metropolitan
Commercial Bank (the “Bank”) is a New York City based full-service
commercial bank. The Bank provides a broad range of business,
commercial and personal banking products and services to small
businesses, private and public middle-market and corporate
enterprises and institutions, municipalities and local government
entities, and affluent individuals.
Metropolitan Commercial Bank’s Global Payments Group is an
established leader in providing payments services to domestic and
international financial service companies, including: providing
digital payments settlements; providing a gateway to payment
networks; acting as a custodian of deposits; providing merchant
acquiring services; acting as a global settlement agent, and as a
leading national issuer of third-party debit cards. The Bank
continues to grow its presence as a valued, trusted and innovative
strategic partner across, payments, custodial and money services
businesses worldwide.
Metropolitan Commercial Bank’s EB-5 / E-2 International Group
delivers banking services and products for United States Citizen
and Immigration Services EB-5 Immigrant Investor Program investors,
developers, Regional Centers, government agencies, law firms and
consulting companies that specialize in EB-5 and E-2.
Metropolitan Commercial Bank finished in the top ten of S&P
Global Market Intelligence’s annual ranking of the best-performing
community banks with assets between $3 billion and $10 billion for
2022 and among the top ten top-performing community banks in the
Northeast region for 2022. The Bank is also a member of the Piper
Sandler Sm-All Stars Class of 2022, we maintained six consecutive
Five Star ratings from Bauer Financial since 3Q 2021 and Kroll
affirmed a BBB+ (investment grade) deposit rating on January 25,
2023.
Metropolitan Commercial Bank operates banking centers and
private client offices in Manhattan and Boro Park, Brooklyn in New
York City and Great Neck on Long Island in New York State.
The Bank is a New York State chartered commercial bank, a member
of the Federal Reserve System and the Federal Deposit Insurance
Corporation, and an equal housing lender. The parent company of
Metropolitan Commercial Bank is Metropolitan Bank Holding Corp.
(NYSE: MCB).
For more information, please visit the Bank’s website at
MCBankNY.com.
Forward Looking Statement Disclaimer This release
contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Examples of
forward-looking statements include but are not limited to the
Company’s future financial condition and capital ratios, results of
operations and the Company’s outlook and business. Forward-looking
statements are not historical facts. Such statements may be
identified by the use of such words as “may,” “believe,” “expect,”
“anticipate,” “plan,” “continue” or similar terminology. These
statements relate to future events or our future financial
performance and involve risks and uncertainties that may cause our
actual results, levels of activity, performance or achievements to
differ materially from those expressed or implied by these
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we caution you not to place undue reliance on these
forward-looking statements. Factors which may cause our
forward-looking statements to be materially inaccurate include, but
are not limited to the continuing impact of the COVID-19 pandemic
on our business and results of operation, an unexpected
deterioration in our loan or securities portfolios, unexpected
increases in our expenses, different than anticipated growth and
our ability to manage our growth, unanticipated regulatory action
or changes in regulations, unexpected changes in interest rates,
inflation, an unanticipated decrease in deposits, an unanticipated
loss of key personnel or existing customers, competition from other
institutions resulting in unanticipated changes in our loan or
deposit rates, an unexpected adverse financial, regulatory or
bankruptcy event experienced by our fintech partners, unanticipated
increases in FDIC costs, changes in regulations, legislation or tax
or accounting rules, the current or anticipated impact of military
conflict, terrorism or other geopolitical events and unanticipated
adverse changes in our customers’ economic conditions or general
economic conditions, as well as those discussed under the heading
“Risk Factors” in our Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q.
Forward-looking statements speak only as of the date of this
release. We do not undertake any obligation to update or revise any
forward-looking statement.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230517005318/en/
212-365-6721 IR@MCBankNY.com
Metropolitan Bank (NYSE:MCB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Metropolitan Bank (NYSE:MCB)
Historical Stock Chart
From Jul 2023 to Jul 2024