MetroCorp Bancshares, Inc. operates as the holding company for MetroBank, National Association; and Metro United Bank that provide commercial banking products and services in the United States. It offers commercial and industrial loans, which include loans to wholesalers, manufacturers, and business service companies; commercial mortgage loans to finance the purchase of real property; construction loans to finance the construction of residential and non-residential properties; and government guaranteed small business lending products and services. The company also provides trade finance and letters of credit for export and import transactions of small and medium-sized businesses; residential mortgage brokerage and lending; and retail banking products and services, such as checking, savings, and money market accounts; time deposits; ATM and debit cards; online banking; automobile loans; lines of credit; and other personal loans. As of March 31, 2008, MetroBank, National Association operated 12 branches in Houston and Dallas, Texas; and Metro United operated 6 branches in San Diego, Los Angeles, and San Francisco, California. The company was founded in 1987 and is headquartered in Houston, Texas.
In January the company began participating in the Treasury Department’s capital Purchase Program. Under the program the company received $45 million in exchange for shares of preferred stock.
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Bailout Bank Bio: MetroCorp Bancshares
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Federal Equity Investment |
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Total Revenue |
$105.5 million (2008) |
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Net Income |
$1.8 million (2008) |
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Number of Employees |
349 |
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Corporate Headquarters |
Houston, Texas |
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Business Sector |
Bank |
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Officers and Directors |
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Corporate Website |
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Executive Compensation |
No federal contracts located.
No lobbying reports located.
No political contributions located.
No related articles located.
Last Updated May 28, 2009
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