Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Metropolitan Bank Holding Corp. (MCB) Investigation

NEW YORK--(BUSINESS WIRE)--Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Metropolitan Bank Holding Corp. (“MCB” or the “Company”) (NYSE: MCB). Investors who purchased MCB securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/mcb.

The investigation concerns whether MCB has violated federal securities laws.

MCB is the holding company for Metropolitan Commercial Bank. On March 30, 2023, Vidar Research (“Vidar”) published a short report entitled “Metropolitan Commercial Bank is a mixed bag of problems”. The Vidar report noted that Metropolitan Commercial Bank “is the issuer of choice for prepaid debit cards of crypto firms”, asserted that Metropolitan Commercial Bank is “bleeding deposits”, questioned whether the bank was actually moving away from cryptocurrency (as it had announced), and described its balance sheet as “shocking comparable to the failed Signature Bank”. The Vidar report concluded that Metropolitan Commercial Bank “is a failed bank and that it will share the fate” of Signature Bank and Silicon Valley Bank. On this news, MCB’s stock price fell $9.66 per share, or 27.58%, to close at $25.36 per share on March 30, 2023.

If you are aware of any facts relating to this investigation or purchased MCB shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/mcb. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.