Metropolitan Bank Holding Corp.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Metropolitan Bank Holding Corp. (NYSE: MCB) resulting from allegations that MCB may have issued materially misleading business information to the investing public.

If you purchased MCB securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased MCB securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On March 30, 2023, market analyst Vidar Research published a report entitled “Metropolitan Commercial Bank is a mixed bag of problems[.]” The report  alleged that “[Metropolitan Commercial Bank] is bleeding deposits[,]” stated that Metropolitan Commercial Bank “is the issuer of choice for prepaid debit cards of crypto firms[,]” questioned whether Metropolitan Commercial Bank was actually moving away from cryptocurrency (as it had allegedly announced), and alleged that its balance sheet “is shocking comparable to the failed Signature Bank (SBNY)[.]” In summary, the report alleged that Metropolitan Commercial Bank “is a failed bank and that it will share the fate with the likes of SBNY [Signature Bank] and SIVB [Silicon Valley Bank].”

On this news, MCB’s stock price fell $9.66 per share, or 27.6%, to close at $25.36 per share on March 30, 2023.

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Company Name: Metropolitan Bank Holding Corp.
Stock Symbol: MCB
Class Period: N/A
Court: N/A

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