Metropolitan Bank Holding Corp. Prices Public Offering of Common Stock

Core Viewpoint - Metropolitan Bank Holding Corp. has announced a public offering of 2,100,000 shares of common stock priced at $85.00 per share, with an option for underwriters to purchase an additional 15% of the shares [1][2]. Group 1: Offering Details - The gross proceeds from the offering are expected to be approximately $178.5 million before discounts and expenses, potentially increasing to $205.3 million if the underwriters fully exercise their option [2]. - The net proceeds will be utilized for organic growth initiatives, investments in the Bank, working capital for ongoing operations, and general corporate purposes [2]. - The offering is anticipated to close on February 27, 2026, subject to customary closing conditions [2]. Group 2: Underwriters and Registration - UBS Investment Bank and Hovde Group, LLC are serving as joint book-running managers for the offering [3]. - The Company has filed a shelf registration statement with the SEC, which became effective on November 29, 2024, along with a preliminary prospectus supplement related to this offering [3]. Group 3: Company Overview - Metropolitan Bank Holding Corp. is the parent company of Metropolitan Commercial Bank, a full-service commercial bank based in New York City [5]. - The Bank offers a wide range of banking products and services to individuals, small businesses, and corporate enterprises [5]. - Metropolitan Commercial Bank has received accolades, including being named one of Newsweek's Best Regional Banks in 2024 and 2025, and ranked as a top ten loan producer among commercial banks with over $1 billion in assets [6].