TITLE

Mexican Investors Apply to Rescue Chicago's Metropolitan Bank

AUTHOR(S)
Cumming, Chris
PUB. DATE
March 2013
SOURCE
American Banker;3/27/2013, Vol. 178 Issue 47, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a proposed deal Metropolitan Bank Group has with a consortium of Mexican investors. The article notes the investor group is led by Roberto Herencia and it will invest $200 million in the bank holding company. It also notes the group will pay $26 million for the preferred shares held by the U.S. Treasury Department for Metropolitan Bank's bailout from the Troubled Asset Relief Program. The change-in-control application was filed on February 22, 2013.
ACCESSION #
86435657

 

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