Metropolitan Commercial Bank, which calls itself The Entrepreneurial Bank, has surpassed $1 billion in assets as of March 1 according to President Mark DeFazio.
Metropolitan is headquartered in New York City and operates full-service banking centers in Manhattan; Boro Park, Brooklyn; and Great Neck, Long Island.
“Surpassing the $1 billion mark is a significant achievement for us,” said Mr. DeFazio. “It is affirmation of the strength and growth of our Bank and our commitment to a singular philosophy and strategy—providing our small business, commercial and personal banking clients with the relationship-driven experience they expect, combined with a broad range of banking products, resources and services that rival the competition. By combining new and innovative technologies with the best of traditional banking practices, we are successfully helping our clients build and sustain wealth.”
Mr. DeFazio cited several factors contributing to Metropolitan Commercial Bank surpassing the $1 billion threshold, including organic growth in the Bank’s lending and retail banking groups and revenue generated by its pre-paid debit card business. Mr. DeFazio also pointed to the Bank’s successful expansion onto Long Island with the opening of its Great Neck, NY banking center in December 2015.
As of May 31, 2016, Metropolitan Commercial Bank’s total assets were $1.15 billion. It has 103 employees.
Metropolitan Commercial Bank offers online banking, mobile banking apps and no-fee access to over 1 million ATMs worldwide for our clients. The Bank is also an active issuer of prepaid debit cards for an increasing number of third-party prepaid debit card programs. Metropolitan Commercial Bank is a New York State chartered bank, a FDIC member and an equal opportunity lender.