Metropolitan Commercial Bank
US · New York, New York · NYDFS, Federal Reserve
Metropolitan Commercial Bank is a Bank based in US (New York, New York), regulated by NYDFS, Federal Reserve. The institution's BaaS program is currently wind-down, launched in 2002.
Metropolitan Commercial Bank supports the following products and services: Formerly: Payments, Cards, Accounts. The bank serves customers across US.
Notable fintech partners include None (all partnerships terminated).
- Products Supported
- Formerly: PaymentsCardsAccounts
- Geographies Served
- US
- Charter / Regulator
- NYDFS, Federal Reserve
- API Standards
- REST API
- Minimum Deal Size
- Not publicly disclosed
- Year Program Launched
- 2002
None (all partnerships terminated)
Federal Reserve fine of ~$14.5M (Oct 2023) for violating customer identification rules and inadequate risk management related to prepaid cards
NYSE: MCB. Successfully exited 22-year-old BaaS business by end of 2024. Also exited crypto sector in 2023 after Voyager Digital issues.
Now focused on commercial banking. No longer offers BaaS.
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