Metropolitan Bank Holding Corp. Closes Overallotment Option and Issues 213,395 Shares of Common Stock

Core Viewpoint - Metropolitan Bank Holding Corp. has successfully closed an overallotment option, issuing an additional 213,395 shares of common stock at a price of $85.00 per share, resulting in expected proceeds of approximately $17.2 million after underwriting discounts [1]. Group 1: Offering Details - The underwriters for the public offering were UBS Investment Bank and Hovde Group, LLC, who acted as joint book-running managers [2]. - The offering was conducted under an effective shelf registration statement on Form S-3 filed with the SEC, including a preliminary and final prospectus supplement dated February 25, 2026 [3]. Group 2: Company Overview - Metropolitan Bank Holding Corp. (NYSE: MCB) is the parent company of Metropolitan Commercial Bank, a full-service commercial bank based in New York City, providing a wide range of banking products and services [5]. - The Bank has received recognition as one of Newsweek's Best Regional Banks in 2024 and 2025 and was ranked as a top ten loan producer among commercial banks with over $1 billion in assets in 2024 [6].