Third Quarter 2013 Results
LITTLE ROCK, Ark. (October 30, 2013) – Metropolitan National Bank announced today a profit of $1.59 million for the quarter ending September 30, 2013, bringing the bank’s earnings for the year to $3.53 million.
Metropolitan’s Tier 1 Capital Ratio, as of September 30th, has improved to 6.80% and the Risk Based Capital Ratio to 11.26%, compared to the same time period in 2012 where the Tier 1 Capital Ratio was 6.15% and the Risk Based Capital Ratio was 10.09%.
"We are extremely proud of the progress Metropolitan has made over the past five and a half years; our journey has not been an easy one," said Lunsford W. Bridges, President and CEO of Metropolitan National Bank. "Through this process our loyal customers have stood with us, which is a testament to our tradition of quality Nearby and Neighborly banking," Bridges continued.
"The merger of Metropolitan National Bank and Simmons First is going exceptionally well, our
two companies share similar values, culture and principles of community banking. We are working closely with the leadership team at Simmons First National Bank to make the transition as smooth as possible," Bridges concluded.
About Metropolitan National Bank
Metropolitan National Bank is one of Arkansas’ largest banks, offering a comprehensive line of banking, mortgage and wealth management services for individuals, businesses and the public sector. Founded in 1970, the bank currently has assets of approximately $1 billion. Additional information about Metropolitan National Bank can be found at metbank.com.