Business
Metropolitan Bank Holding Corp. Closes Overallotment Option and Issues 213,395 Shares of Common Stock
NEW YORK, March 16, 2026--Metropolitan Bank Holding Corp. (the "Company") (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the "Bank"), today announced the underwriters for its recently completed public offering of common stock have exercised a portion of their overallotment option and completed the sale of an additional 213,395 shares of common stock at the public offering price of $85.00 per share. The expected proceeds to the Company in connection with the exercise of the op
About this update from Metropolitan Bank Holding Corp.
[{"type":"text","content":"NEW YORK, March 16, 2026--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the "Company") (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the "Bank"), today announced the underwriters for its recently completed public offering of common stock have exercised a portion of their overallotment option and completed the sale of an additional 213,395 shares of common stock at the public offering price of $85.00 per share. The expected proceeds to the Company in connection with the exercise of the option and the issuance of the additional shares, after deducting the underwriting discount but before deducting other expenses payable by the Company, are approximately $17.2 million.","length":719,"tagName":"p"},{"type":"text","content":"UBS Investment Bank and Hovde Group, LLC acted as joint book-running managers for the offering.","length":95,"tagName":"p"},{"type":"text","content":"The offering was made only by means of an effective shelf registration statement on Form S-3 (File No. 333-283534) filed with the Securities and Exchange Commission (the "SEC"), including a preliminary prospectus supplement and final prospectus supplement dated February 25, 2026, copies of which may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Additionally, copies may be obtained from Metropolitan Bank Holding Corp., 99 Park Avenue, 12th Floor, New York, New York 10016, Attention: Corporate Secretary, (212) 659-0600, or by contacting UBS Securities LLC, 11 Madison Avenue, New York, New York 10010, Attention: Equity Syndicate or toll-free at (212) 713-2000 or Hovde Group, LLC, 1629 Colonial Parkway, Inverness, Illinois 60067, or by telephone toll-free at (833) 587-4159, or by e-mail at [email protected].","length":863,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offering of the securities is being made only by means of a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.","length":...