Metropolitan Bank Group is an American bank holding company based in Chicago. Its five subsidiary banks operate over ninety bank branches in the Chicago metropolitan area. The bank came close to failing in 2013 before obtaining new investment from BMX Holdings.
History
In 2009, Metropolitan Bank Group accepted US$71.5 million from the Troubled Asset Relief Program during the 2007-2012 global financial crisis. In 2013, it received a US$207 million investment from BXM Holdings LLC, which was headed by Chicago banker Roberto Herencia. The bank was under several consent orders and was within weeks of being closed by federal regulators.
Locations
Mapped locations of branches.
Subsidiary banks
- Archer Bank
- Metrobank
- North Community Bank
- Oswego Community Bank
- Plaza Bank
Charity event
North Community Bank Employees at the 2014 JP Morgan Corporate Challenge
References
- ^ a b c Yerak, Becky (2012-04-23). "Investor to pump $150M into Metropolitan Bank". Chicago Tribune. Retrieved 2012-07-03.
- ^ Daniels, Steve (2012-04-23). "Herencia-led group agrees to rescue Fasseas family banks". Crain's Chicago Business. Retrieved 2012-07-03.
- ^ Daniels, Steve (2010-04-09). "Metropolitan Bank Group cuts salaries, headcount -- and a bank". Crain's Chicago Business. Retrieved 2012-07-03.
- ^ "Metropolitan Bank deal closes". Chicago Tribune. June 28, 2013.
- ^ "Google Mapped Locations".
- ^ a b c d e Yerak, Becky (2011-01-19). "Metropolitan group banks warned about capital". Chicago Breaking Business. Retrieved 2012-07-03.
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