Business
Metropolitan Bank Holding Corp. Launches Public Offering of Common Stock
NEW YORK, February 25, 2026--Metropolitan Bank Holding Corp. (NYSE: MCB) (the "Company"), the holding company for Metropolitan Commercial Bank (the "Bank"), today announced it launched an underwritten public offering of $175.0 million of common stock. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock sold in connection with the proposed offering. The offering is subject to market and other conditions, and there ca
About this update from Metropolitan Bank Holding Corp.
[{"type":"text","content":"NEW YORK, February 25, 2026--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (NYSE: MCB) (the "Company"), the holding company for Metropolitan Commercial Bank (the "Bank"), today announced it launched an underwritten public offering of $175.0 million of common stock. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock sold in connection with the proposed offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.","length":658,"tagName":"p"},{"type":"text","content":"The Company plans to use the net proceeds from the offering to support its organic growth initiatives, investments in the Bank, working capital for ongoing operations, and general corporate purposes.","length":199,"tagName":"p"},{"type":"text","content":"UBS Investment Bank and Hovde Group, LLC are acting as joint book-running managers.","length":83,"tagName":"p"},{"type":"text","content":"The Company has filed with the Securities and Exchange Commission (the "SEC") a shelf registration statement (including a prospectus) on Form S-3 (File No. 333-283534) that became effective on November 29, 2024. A preliminary prospectus supplement and accompanying prospectus for the offering to which this press release relates will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus, including the information incorporated by reference therein, and the other documents we have filed and will file with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus 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, Illi...