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Metro Bancorp Inc.

 
Hoover's Profile: Metro Bancorp Inc.
(NASDAQ (GS):METR)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Metro Bancorp Inc.
3801 Paxton St.
Harrisburg, PA 17111
PA Tel. 717-412-6301
Toll Free 800-653-6104
Fax 717-412-6171

Type: Public
On the web: http://www.mymetrobank.com
Employees: 1,077
Employee growth: 16.8%

Metro Bancorp (formerly Pennsylvania Commerce Bancorp) is the holding company for Metro Bank (formerly Commerce Bank/Harrisburg), which has more than 30 branches in south-central Pennsylvania. The bank provides standard services such as checking, savings, and money market accounts; CDs; IRAs; and credit cards. Commercial mortgages and lines of credit, business loans, and consumer loans make up most of its loan portfolio. Metro Bancorp plans to acquire Philadelphia-based Republic First Bancorp. The combined firm will have about 45 branches stretching from Harrisburg to Philadelphia in southeastern Pennsylvania.

Key numbers for fiscal year ending December, 2008:
Sales: $104.1M
One year growth: 26.5%
Net income: $12.9M
Income growth: 84.3%

Officers:
Chairman, President, and CEO: Gary L. Nalbandian
EVP and COO: Mark A. Ritter
EVP and CFO, Metro Bancorp and Metro Bank: Mark A. Zody

Competitors:
Fulton Financial
PNC Financial
Sovereign Bank

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