Metrobank

Metrobank may refer to:

Metro Bank (United Kingdom)

Metro Bank PLC is a retail bank operating in the United Kingdom, founded by Vernon Hill in 2010. At its launch it was the first new high street bank to launch in the United Kingdom in over 150 years.

History

Metro Bank PLC was granted its licence by the Financial Services Authority on 5 March 2010, the first high-street bank to be granted such a licence for over 150 years. It planned to open between 200 and 250 branches in Greater London within 10 years of starting up. Its first branch opened on 29 July 2010 in Holborn, followed by Earl's Court (Cromwell Road) on 3 September 2010.

In 2012, Metro Bank raised an additional $200 million in funding from investors including Fidelity, Steven A. Cohen of hedge fund SAC Capital Advisors, and New York real estate investors the LeFraks and David and Simon Reubens. In the same year, Forbes Magazine reported that Metro's flagship Holborn branch had "...garnered $200 million in deposits, four times the total at the average mature American branch."