Form 8-K Metropolitan Bank Holdin For: Jan 16

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

FORM 8-K

 

  

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): January 16, 2018

 

 

METROPOLITAN BANK HOLDING CORP.

(Exact name of the registrant as specified in its charter)

 

 

New York	001-38282	13-4042724
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)

 

99 Park Avenue
New York, New York	10016
(Address of principal executive offices)	(Zip Code)

 

(212) 365-6700

(Registrant’s telephone number)

 

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c)

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

Item 8.01

Other Events.

 

On January 16, 2018, Metropolitan Bank Holding Corp. (the “Company”) issued a press release responding to erroneous statements contained in articles that have recently appeared in some online publications. The articles reported that the Company’s wholly owned subsidiary, Metropolitan Commercial Bank (the “Bank”) “has ceased all cryptocurrency-related international wires effective immediately” and that the Bank’s actions were in response to an “incident of international fraud.” A copy of the press release is attached as Exhibit 99.1 to this Current Report.

 

Item 9.01.

Financial Statements and Exhibits

 

(d)

Exhibits.

 

	Exhibit No.		Description
	99.1		Press Release dated January 16, 2018

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

  

	METROPOLITAN BANK HOLDING CORP.
Dated: January 16, 2018	By:	/s/ Mark R. DeFazio
		Mark R. DeFazio
		President and Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

Exhibit 99.1

 

99 Park Avenue	212-659-0638
4th Floor	facsimile 212-659-0610
New York, NY 10016	www.MetropolitanBankNY.com

 

 

 

Contact: Edward Nebb

For Immediate Release

203-972-8350

[email protected]
 

 

Metropolitan Bank Holding Corp. Responds to Erroneous Reports in Online Articles

  

NEW YORK, N.Y. — January 16, 2018 — Metropolitan Bank Holding Corp. (NYSE: MCB) (the “Company”) today responded to erroneous statements contained in articles that have recently appeared in some online publications. The articles reported that the Company’s wholly owned subsidiary, Metropolitan Commercial Bank (the “Bank”) “has ceased all cryptocurrency-related international wires effective immediately” and that the Bank’s actions were in response to an “incident of international fraud.”

 

As a matter of policy, the Bank does not accept cryptocurrency-related wire transfers from non-U.S. entities. This is a long-standing policy of the Bank and remains in effect today. Last week, the Bank sent out a reminder to customers of its policy against accepting cryptocurrency-related wire transfers from non-U.S. entities. This reminder to customers is not a new policy for the Bank and was not due to, nor did the Bank experience, any “incident of international fraud.”

 

The Bank’s long-standing policy of not accepting cryptocurrency-related wire transfers from non-U.S. entities is part of its robust risk management program that is designed to ensure the safe and sound operations of the Bank in compliance with applicable laws, rules and guidance.

 

About Metropolitan Bank Holding Corp.

Metropolitan Bank Holding Corp. (NYSE: MCB) is the holding company for Metropolitan Commercial Bank^®, The Entrepreneurial Bank. Headquartered in New York City, the Bank operates full-service banking centers in Manhattan; Boro Park, Brooklyn; and Great Neck, Long Island. Metropolitan Commercial Bank is a New York State chartered commercial bank, an FDIC member and an equal opportunity lender.

 

Cautionary Note Regarding Forward-Looking Statements

This press release includes “forward-looking statements,” including with respect to the initial public offering. Forward-looking statements are subject to many risks and uncertainties, including, but not limited to: changes in business plans as circumstances warrant; changes in general economic, business and political conditions, including changes in the financial markets; and other risks detailed in the “Cautionary Note Regarding Forward-Looking Statements,” “Risk Factors” and other sections of the registration statement filed with the SEC. Potential investors should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “might,” “should,” “could,” “predict,” “potential,” “believe,” “expect,” “attribute,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “projection,” “goal,” “target,” “outlook,” “aim,” “would,” “annualized” and “outlook,” or similar terminology. Any forward-looking statements presented herein are made only as of the date of this press release, and Metropolitan Bank Holding Corp. does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as may be required by law.

 

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