---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-23-000007"
form_type: "8-K"
ticker: "MCB"
cik: "0001476034"
company_name: "Metropolitan Bank Holding Corp."
filed_at: "2023-01-10T23:59:59+00:00"
generated_at: "2026-06-20T17:03:07.912911+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Metropolitan Bank Holding Corp. to exit crypto-asset vertical; minimal financial impact

## Summary
- Four active institutional crypto clients account for ~1.5% of total revenues and 6% of total deposits.
- Company expects minimal financial impact from exiting this vertical.
- No loans outstanding to crypto clients; no crypto-assets on balance sheet.
- Exit process commenced; expected to be completed during 2023.
- CEO Mark DeFazio notes decision reflects regulatory environment and strategic assessment.

## SEC filing metadata
- accession: 0000943374-23-000007
- form_type: 8-K
- ticker: MCB
- cik: 0001476034
- company_name: Metropolitan Bank Holding Corp.
- filed_at: 2023-01-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476034/000094337423000007/0000943374-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476034/000094337423000007/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-23-000007
- JSON: https://secwatch.observer/filing/0000943374-23-000007.json
- Plain text: https://secwatch.observer/filing/0000943374-23-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.