Pomerantz LLP said Aug. 27, 2026, that it is investigating potential securities fraud and other unlawful business practices by Metropolitan Bank Holding Corp. (NYSE: MCB) and certain of its officers and/or directors. The inquiry follows the bank's July 21 second-quarter results, which included revenue and GAAP net income below analyst expectations and a more than doubling of credit-loss provisions to $13.3 million. Management attributed the increase to difficulties with a single commercial and industrial loan and the charge-off of a commercial real estate loan. Metropolitan's shares fell $8.88, or 8.96%, to close at $90.19 on July 22. The investigation follows an earlier Hagens Berman inquiry into whether the bank understated credit and reserve risks, including disclosures involving a $26 million C&I non-performing loan, unexpected charge-offs and only a partial reimbursement of legal fees tied to the Kansas City loan.