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Metropolitan Bank Holding Corp. (the "Company") (NYSE:MCB), the holding company for Metropolitan Commercial Bank (the "Bank" or "MCB"), today announced that the Board of Directors (the "Board") elected Anthony J. Fabiano as independent Chairman of the Board. William Reinhardt, who has served on the Board since 2013 and has held the role of Chairman since 2018, will remain a member of the Board. Mr. Fabiano was also elected by the board of directors of the Bank as Chairman of the Bank's board.
With more than 40 years of experience across a broad range of finance, accounting and management disciplines, primarily in the banking sector, Mr. Fabiano brings a deep background in finance, banking, and company management to the position of Chairman of the Board. Mr. Fabiano has served on the Board since 2020 and serves as the chair of the joint Audit Committee of the boards of the Company and the Bank. He previously served as Executive Vice President and Chief Financial Officer of the Company and the Bank.
"I am deeply grateful to my fellow board members for entrusting me with this responsibility," said Mr. Fabiano. "It is a dynamic and exciting time at MCB, and I look forward to working with my colleagues on the board and the Bank's management team to support and guide MCB through its next chapter of growth and value creation for our stakeholders."
"On behalf of the entire leadership team, I'd like to congratulate Tony on his election as independent Chairperson of the Board," said Mr. DeFazio, President and Chief Executive Officer of the Company and the Bank. "His deep experience and strategic insight will be invaluable as we continue to advance our mission and deliver value to our stakeholders. I also want to extend my heartfelt thanks to Bill for his exceptional leadership and dedicated service to MCB. His support, insights and guidance have been instrumental in shaping the Company's direction and success over the years, and I look forward to continuing to work with him on the Board."
Posted In: MCB
