Brief: Metropolitan Bank Holding Says FRB Consent Order Provides For Civil Money Penalty Of $14.5 Million

Metropolitan Bank Holding

19/10/2023 22:35

Oct 19 (Reuters) - Metropolitan Bank Holding Corp
 MCB.N :
    * METROPOLITAN BANK HOLDING CORP: FRB CONSENT ORDER PROVIDES
FOR A
CIVIL MONEY PENALTY OF $14.5 MILLION
    * METROPOLITAN BANK: FRB CONSENT ORDER REQUIRES BANK'S BOARD
TO
SUBMIT A PLAN TO FURTHER STRENGTHEN BOARD OVERSIGHT OF
MANAGEMENT AND OPERATIONS OF GPG
    * METROPOLITAN BANK: FRB CONSENT ORDER REQUIRES TO SUBMIT
PLAN TO
IMPROVE CUSTOMER DUE DILIGENCE PROGRAM, ENHANCE THIRD PARTY RISK
MANAGEMENT PROGRAM
    * METROPOLITAN BANK HOLDING CORP: NYSDFS CONSENT ORDER
PROVIDES
FOR A CIVIL MONEY PENALTY OF $15 MILLION
    * METROPOLITAN BANK: NYSDFS CONSENT ORDER REQUIRES BANK TO
PROVIDE
CERTAIN INFORMATION ON BANK'S PROGRAM TO SUPERVISE THIRD-PARTY
PROGRAM MANAGERS

Further company coverage:  MCB.N 

 ((reuters.briefs@thomsonreuters.com;))