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Metro Bank acquired SME Finance in August 2013, and rebranded the business as Metro Bank SME Finance in May 2014. [23]It was announced in August 2020 that Metro Bank had agreed to acquire Retail Money Market Ltd, a London-based provider of peer-to-peer loans trading as RateSetter.
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Commerce Bank was notable for its rapid expansion, from one branch in 1973 to 470 branches in 2008, and a deposit base that grew by an average of 25% per year between 1996 and 2001 (against an industry average of 5% in 2001). According to Forbes Magazine, Commerce produced a 23% annual shareholder return compounded for 30 years. [7]
In September 2009, MetroBank had 10 Greater Houston branches and 3 Dallas-Fort Worth branches, with assets of $1.2 billion. Metro United had assets of $426.8 million. During that year, the Office of the Comptroller of the Currency asked MetroBank to revise its balance sheet. MetroBank signed a formal agreement with the office to do this within ...
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