NEW YORK--( BUSINESS WIRE )--Metropolitan Bank Holding Corp. (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the "Bank"), today announced that the Bank has entered into Consent Orders with the Board of Governors of the Federal Reserve System (the "Federal Reserve") and the New York State Department of Financial Services ("DFS") to resolve Federal Reserve and DFS concerns related to the Bank's relationship with a program manager that processed government stimulus funds and expanded unemployment insurance benefits during the COVID-19 pandemic and was a target of fraud. The Consent Orders relate to a unique challenge that arose for a short period at the height of the COVID-19 pandemic. MCB was committed to supporting the government's provision of stimulus funds and expanded unemployment insurance benefits to millions of Americans, particularly underserved consumers who did not have traditional bank accounts.