Metropolitan Bank Holding Corp. Initial Public Offering
Davis Polk advised the joint book-running managers in connection with the $124.8 million initial public offering of 3,565,000 shares of common stock of Metropolitan Bank Holding Corp., which includes the full exercise of the underwriters’ option to purchase additional shares. Metropolitan Bank Holding’s common stock is traded on the New York Stock Exchange under the symbol “MCB.”
Metropolitan Bank Holding Corp. is the holding company for Metropolitan Commercial Bank. Headquartered in New York City, the Metropolitan Commercial Bank operates full-service banking centers in Manhattan, Boro Park, Brooklyn and Great Neck, Long Island. Metropolitan Commercial Bank is a New York State chartered commercial bank, a FDIC member and an equal opportunity lender.
The Davis Polk corporate team included partners Richard D. Truesdell Jr. and Shane Tintle and associates Ravi P. Ramchandani, Win Rutherfurd and Angela Park. Partner Margaret E. Tahyar and associates Eric McLaughlin and Nancy Lee provided financial institutions advice. Partner Michael Mollerus and associate James Manzione provided tax advice. All members of the Davis Polk team are based in the New York office.