Metropolitan Bank launches $175M public offering of common stock

Metropolitan Bank Holding Corp.

Underwritten public offering of $175M in common stock launched; underwriters have 30-day option for additional 15% of shares.
Proceeds to support organic growth, investments in Metropolitan Commercial Bank, working capital, and general corporate purposes.
UBS Investment Bank and Hovde Group LLC are acting as joint book-running managers.
Offering is subject to market conditions; no assurance of completion or final terms.
Preliminary prospectus supplement to be filed with SEC; shelf registration effective Nov 29, 2024.

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