leadership
confidence high
sentiment neutral
materiality 0.15
Metropolitan Commercial Bank founding director Robert C. Patent dies; served on board since 1999
Metropolitan Bank Holding Corp.
- Robert C. Patent, a founding director of Metropolitan Commercial Bank, passed away; he served on the board from the Bank's inception in 1999 until his death.
- Patent chaired the Bank's Loan Committee and brought real estate investment, finance and banking experience to the board.
- Outside MCB, he was President of Colby Capital Corporation from 1991 to 2025, a founder and vice chairman of Cityscape Corporation, and a director of New York Federal Savings Bank.
- CEO Mark R. DeFazio called Patent's loss "deeply personal," crediting his judgment and commitment to building the institution; no board replacement was named.
- No change to operations, strategy or financial guidance was disclosed; the release is a condolence announcement only.