July 22, 2014 6:42 AM ET

Banks

Company Overview of Metro Bank, Inc.

Company Overview

Metro Bank, Inc. offers retail banking and financial services in Pennsylvania. Its services include checking, savings, money market certificates of deposits, and individual retirement accounts. The company also provides commercial banking services, including installment and term loans, education loans, home equity loans, commercial mortgages, leasing, and lines of credit, as well as cash management services. In addition, it offers online banking and bill pay, ATM/Visa check cards, personal Visa credit cards, and telephone banking services. The company was formerly known as Commerce Bank/Harrisburg and changed its name to Metro Bank, Inc. in July 2009. The company was founded in 1985 and is h...

3801 Paxton Street

Harrisburg, PA 17111

United States

Founded in 1985

Phone:

717-412-6621

Fax:

717-412-6172

Key Executives for Metro Bank, Inc.

Chief Executive Officer
Age: 71
Chief Financial Officer
Age: 51
Chief Operating Officer and Senior Vice President
Age: 67
Managing Director of Commercial Banking
Chief Lending officer and Senior Vice President
Age: 42
Compensation as of Fiscal Year 2014.

Metro Bank, Inc. Key Developments

Metro Bancorp, Inc. and Metro Bank Appoint Steven W. Cribbs as Vice President and Chief Risk Officer

On November 16, 2012, the Boards of Directors of Metro Bancorp, Inc. and Metro Bank appointed Steven W. Cribbs, age 35, as Vice President and Chief Risk Officer of Metro and the Bank. Mr. Cribbs replaces Lori Calhoun who resigned in July 2012. Mr. Cribbs joined the Bank in July 2010 as Director of Anti-Money Laundering/Bank Secrecy Act compliance where he was responsible for program development and implementation, as well as various risk management related assignments. Prior to joining the Bank, Mr. Cribbs was Vice President at UMB Financial Corporation, Kansas City, Missouri.

Federal Deposit Insurance Corporation Terminates Consent Order Issued to Metro Bank on April 29, 2010

Metro Bank was informed on October 19, 2012, that the federal deposit insurance corporation has terminated the consent order issued by the FDIC against the bank on April 29, 2010. The order terminating the consent order was dated October 16, 2012. The order required the bank to take all necessary steps, consistent with the order and sound banking practices, to correct and prevent certain unsafe or unsound banking practices and violations of law or regulation alleged by the FDIC to have been committed by the bank in connection with the bank's anti-money laundering and bank secrecy act program. The bank was required to address each alleged deficiency identified by the FDIC and to ensure that the bank is operated with adequate management supervision and board oversight in order to prevent any future unsafe or unsound banking practice and violation of law and/or regulation.

Metro Bank Agrees to Pay a Penalty of $1,500,000 in Issuance of Order by Federal Deposit Insurance Corporation

Metro Bank, a wholly owned subsidiary of Metro Bancorp Inc. announced that without admitting or denying any violations of law or regulation, on September 21, 2012, Metro Bank accepted and entered into a Stipulation and Consent to the Issuance of an Order to Pay Civil Money Penalty. Pursuant to the Consent Agreement, Metro Bank consented and agreed to the issuance by Federal Deposit Insurance Corporation, its federal banking regulator, of an order to pay (Order) and agreed to pay a civil money penalty in the amount of $1,500,000. The Consent Agreement and Order arose out of certain findings relating to the Bank Secrecy Act (BSA) and its implementing regulations as set forth in the joint August 31, 2009 and October 25, 2010 Reports of Examination (Reports) issued by the FDIC and the Pennsylvania Department of Banking. The Consent Agreement is subject to acceptance by the FDIC and the Order will become effective upon issuance by the FDIC. If the Consent Agreement is accepted by the FDIC and the FDIC issues the Order: the FDIC has agreed that it will take no further enforcement action against the Bank as a result of the BSA related findings in the Reports; and the Bank has agreed that it will not seek or accept indemnification for the civil money penalty.

Similar Private Companies By Industry

Company Name Region
Midwest Payment Systems East, Inc United States
Grand Bank United States
Old Plank Trail Community Bank, National Association United States
CBI-Kansas, Inc. United States
The First State Bank United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Metro Bank, Inc., please visit www.mymetrobank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.