BlackRock, Inc. Increases Stake in Metropolitan Bank Holding Corp to 6.5%
BlackRock, Inc. filed a Schedule 13G/A on April 27, 2026, disclosing a significant increase in its position in Metropolitan Bank Holding Corp (MCB). As of the event date on March 31, 2026, BlackRock reported beneficial ownership of 804,944 shares of common stock, representing 6.5% of the company's total outstanding shares. This reflects a substantial increase from a previous ownership level of 0.0%. The filing indicates that BlackRock holds sole voting power over 788,953 shares and sole dispositive power over the full 804,944 shares. The securities were acquired in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. Various subsidiaries of BlackRock are identified as having a role in the beneficial ownership, though no single individual's interest exceeds 5% of the total outstanding shares. This amendment (No. 7) confirms BlackRock's status as a major institutional holder in the New York-based banking institution.