Metropolitan Bank Launches $175M Stock Offering, Schedules March 3 Investor Day
Metropolitan Bank Holding Corp launched an underwritten public offering of $175 million of common stock, granting underwriters a 30-day option to purchase up to 15% additional shares. Proceeds will support organic growth initiatives and bank investments, while company hosts an Investor Day on March 3 covering lending, deposits and AI.
1. Public Offering Details
Metropolitan Bank Holding Corp launched an underwritten public offering of $175 million in common stock and granted underwriters a 30-day option to purchase up to 15% additional shares. Completion depends on market conditions and final offering terms.
2. Proceeds Allocation
Net proceeds will fund organic growth initiatives and bank investments, with leftover capital strengthening operational liquidity and general corporate purposes.
3. Underwriting and Registration
UBS Investment Bank and Hovde Group, LLC are acting as joint book-running managers. The offering is registered under SEC File No. 333-283534, effective since November 29, 2024.
4. Investor Day Announcement
The company will host an Investor Day on March 3, 2026, featuring presentations and Q&A sessions on commercial lending, deposit verticals including EB-5 solutions, and AI-powered technology initiatives.