Community bank doing big real estate business.Metropolitan National Bank is the only institution in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State included on American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Banker's nationwide list of community banks with the largest portfolios of commercial real estate loans. The bank was ranked the 35th biggest lender in the nation among the top 150 "independent banks with less than $1 billion of assets" by the influential trade publication. For the year ended Dec. 31, 2006, Metropolitan National Bank's commercial real estate loan portfolio stood at $237,588,000, a 44.4% year-to-year increase compared with the $164,493,000 it reported in 2005. "We are proud of the ranking but we are equally proud of the quality of our portfolio, which is directly due to the ability of our team of professional real estate bankers to identify and execute transactions that make sense for both the borrower and for us," said Mark R. DeFazio, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Metropolitan National Bank. The institution's commercial real estate loans in 2006 represented more than 60% of the bank's total loan portfolio of $379,339,000. American Banker American Banker is a daily newspaper covering the financial services industry. Founded in 1835 and based in New York, American Banker's 70 reporters and editors in six cities monitor developments and breaking news affecting banks. published its annual list this year on May 30 |
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