CHICAGO--(BUSINESS WIRE)--Metropolitan Capital, a universal bank serving clients in 44 states, is pleased to announce the opening of its East Region office in New York City. Since its founding in Chicago in 2005, Metropolitan Capital has worked with a large and growing base of clients in New York City specifically, as well as the greater East Region of the U.S. The new office allows Metropolitan Capital to provide greater service to clients on the East Coast and across the country.
“Our success providing creative financing and wealth management solutions to clients in the East Region has been vital to the growth of our firm,” said Michael P. Rose, Chairman & CEO of Metropolitan Capital. “Having a physical presence in Manhattan allows us to have closer proximity and even more face-to-face meetings with East Region clients, and will create more investment and partnership opportunities for all of our other clients throughout the United States.”
As was the case with the opening of Metropolitan Capital’s San Francisco-based West Region office in 2014, the opening of the East Region office will give the bank’s clients enhanced access to sources of capital, joint-venture opportunities, and potential business partners in arguably the world’s leading financial center. “We believe that the cross-pollination of ideas across the networks we have built in the Midwest, East Region, and West Region is extremely valuable for our clients,” Mr. Rose said.
Kevin Costello has been selected to head the East Region office. Mr. Costello was originally with Metropolitan Capital from 2009-2011 and then rejoined the bank in 2016, after serving as director of finance and administration for Avison Young’s Tri-State offices in New York, New Jersey, and Connecticut. During his five years at Avison Young, a private-equity-backed commercial real estate services firm, Mr. Costello helped secure capital, manage cash-flow needs, and execute growth opportunities.
“Kevin’s experience working with high-growth businesses and his focus on delivering objective, holistic advice across the capital stack make him a valuable resource for our clients and our organization,” Mr. Rose said.
"I’m excited to be rejoining Metropolitan Capital and help establish an office in New York City, working with our clients throughout the East Coast,” adds Mr. Costello. “Metropolitan Capital’s universal banking model allows us to provide comprehensive, thoughtful solutions that are tailored to the unique needs of start-up to middle-market businesses and the entrepreneurs, families, and investors who own or operate them. The momentum that Metropolitan Capital has enjoyed over the past decade is evidence of the value that clients place on having access to equity, debt, and wealth-consulting services delivered through a single point of contact.”
About Metropolitan Capital: Metropolitan Capital is a universal bank exclusively focused upon startup-to-medium-sized businesses, and the founders or families that own or operate them. Metropolitan Capital provides private banking, wealth advisory, commercial banking and investment banking, all delivered through a single platform. It is comprised of a family of financial service companies that include Metropolitan Capital Bancorp, Inc. (Federal Reserve-regulated financial holding company), wholly owned Metropolitan Capital Bank & Trust (Member FDIC), Metropolitan Capital Investment Banc (FINRA-licensed broker dealer), and Metropolitan Capital Solutions (Federal Reserve governed corporate advisory).