Metropolitan Commercial Bank Mixes Charter School Support with Deposit Vertical Growth

By: Metropolitan Commercial Bank via Business Wire

May 10, 2023 at 07:05 AM EDT

Metropolitan Commercial Bank (the “Bank”), a New York City-based full-service commercial bank, announced today its commitment to supporting the business side of students, teachers and administrators at Charter Schools throughout New York City.

“Anytime we have the opportunity to help the future of our city and those that shape its young people, we take it,” said Mark R. DeFazio, President and CEO of Metropolitan Commercial Bank. “Thinking outside the box allows us to step up with tailored deposit and payment products and services.”

Metropolitan Commercial Bank has built solid relationships with 20 Charter Schools in New York State and continues to work on opening more doors in the New York Metro area. The Bank also offers financial services for Charter Schools through its association with the New York City Charter School Center vendor program.

“Helping within the communities we serve is always a priority,” said Laura Capra, Executive Vice President and Head of Retail Banking for Metropolitan Commercial Bank. “Everybody benefits when we lend a hand, crafting our brand of personalized service for entrepreneurial educators while growing our deposit relationships.”

About New York City Charter School Center

For nearly 20 years, the New York City Charter School Center has served as the leading expert and proponent of New York City’s charter school movement. The Charter Center helps new charter schools get started, supports existing schools and builds community and political support so that high-quality charters can flourish.

About Metropolitan Commercial Bank

Metropolitan Commercial Bank (the “Bank”) is a New York City based full-service commercial bank. The Bank provides a broad range of business, commercial and personal banking products and services to small businesses, private and public middle-market and corporate enterprises and institutions, municipalities and local government entities, and affluent individuals.

Metropolitan Commercial Bank’s Global Payments Group is an established leader in providing payments services to domestic and international financial service companies, including: providing digital payments settlements; providing a gateway to payment networks; acting as a custodian of deposits; providing merchant acquiring services; acting as a global settlement agent, and as a leading national issuer of third-party debit cards. The Bank continues to grow its presence as a valued, trusted and innovative strategic partner across, payments, custodial and money services businesses worldwide.

Metropolitan Commercial Bank’s EB-5 / E-2 International Group delivers banking services and products for United States Citizen and Immigration Services EB-5 Immigrant Investor Program investors, developers, Regional Centers, government agencies, law firms and consulting companies that specialize in EB-5 and E-2.

Metropolitan Commercial Bank finished in the top ten of S&P Global Market Intelligence’s annual ranking of the best-performing community banks with assets between $3 billion and $10 billion for 2022 and among the top ten top-performing community banks in the Northeast region for 2022. The Bank is also a member of the Piper Sandler Sm-All Stars Class of 2022, we maintained six consecutive Five Star ratings from Bauer Financial since 3Q 2021 and Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2023.

Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).

For more information, please visit the Bank’s website at MCBankNY.com.

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