Metropolitan Commercial Bank (the “Bank,” “MCB”), a New York
City-based full-service commercial bank, announced today the
appointment of Gregory Gaare as Senior Vice President and Chief
Risk Officer, Theodore George Andreades as Senior Vice President
and Bank Secrecy Act/Anti-Money Laundering Officer, and John M.
McCaffery as Senior Vice President and Treasurer.
“Metropolitan Commercial Bank is delighted to welcome Greg
Gaare, a seasoned risk management professional. As MCB charts its
course toward expansion, enlisting individuals from larger
financial institutions with extensive risk management experience is
imperative. Securing the expertise of Ted Andreades, an experienced
BSA/AML officer, is crucial in assembling a robust risk management
team capable of navigating today’s and tomorrow’s regulatory
landscape,” said Mark R. DeFazio, President and CEO of Metropolitan
Commercial Bank. “Furthermore, with favorable conditions at our
back, we are pleased to have John McCaffery, a highly experienced
finance professional with extensive large-bank experience, join our
finance team.”
Gregory Gaare has amassed 32 years of experience in risk
management and regulatory supervision, with notable positions at
Flagstar Bank, N.A., Alliance Capital Management Corporation,
Barclays Bank PLC, the Federal Deposit Insurance Corporation
(FDIC), and the Federal Reserve Bank of New York (FRBNY). He
recently was the Deputy Chief Risk Officer in the Risk Management
Division of Flagstar Bank.
Mr. Gaare holds a Master of Business Administration (MBA) in
Accounting & Finance from New York University, New York, N.Y.,
and a Bachelor of Science (BS) in Business, Management and Finance
from Brooklyn College, Brooklyn, N.Y.
“I look forward to contributing to the Bank’s growth and
development, supported by robust risk management and
regulatory-compliant frameworks. We will continue to position
Metropolitan Commercial Bank as an industry leader,” Gregory Gaare,
Senior Vice President and Chief Risk Officer at Metropolitan
Commercial Bank remarked.
Theodore Andreades brings 37 years of expertise in Anti-Money
Laundering (AML), Bank Secrecy Act (BSA), Compliance, Office of
Foreign Assets Control (OFAC), and related roles, with significant
contributions at New York Community Bank (NYCB), J.P. Morgan Chase,
American International Group (AIG), and the Teachers Insurance
Annuity Association and the College Retirement Equity Fund
(TIAA-CREF). He most recently managed the integration of NYCB,
Flagstar Bank, and Signature Bank’s BSA and OFAC departments.
Mr. Andreades holds a Bachelor of Science (BS) and a Bachelor of
Arts (BA) from the State University of New York, Fredonia, N.Y.,
and is a Certified Anti-Money Laundering Specialist (CAMS) since
2003, a Certified Regulatory and Compliance Professional (CRCP)
Phase I, and Phase II by the FINRA Institute at Wharton School of
Business, and designated by the Associate Insurance Regulatory
Compliance (AIRC) program at Life Office Management Association
LOMA 280, 290, 410, and 420.
“With its rich history and commitment to excellence,
Metropolitan Commercial Bank is at the forefront of the commercial
banking industry. I am excited to contribute to its continued
success and join an innovative and dynamic team,” stated Theodore
George Andreades, Senior Vice President and BSA/AML Officer for
Metropolitan Commercial Bank.
John McCaffery brings four decades of bank finance expertise,
predominantly serving as a senior finance professional across
renowned New York regional and community banks such as Dime
Community Bancorp, Bridge Bancorp, Inc. (BNB Bank), State Bank of
Long Island, Capital One N.A., and North Fork Bank. He recently
held the position of Executive Vice President and Chief Financial
Officer at Newtek Bank, N.A., in Lake Success, New York.
Mr. McCaffery holds a Bachelor of Business Administration (BA)
in Banking & Finance from Hofstra University, Nassau County,
N.Y. He has completed Level I & II of the Chartered Financial
Analyst Program.
“I am excited about the opportunity to join the team at
Metropolitan Commercial Bank. The Bank’s values and commitment to
innovation and its clients align perfectly with my personal and
professional principles,” commented John M. McCaffery, Senior Vice
President and Treasurer at Metropolitan Commercial Bank.
About Metropolitan Commercial Bank
Metropolitan Commercial Bank (the “Bank”) provides a broad range
of business, commercial and personal banking products and services
to individuals, small businesses, private and public middle-market
and corporate enterprises and institutions, municipalities, and
local government entities.
Metropolitan Commercial Bank was named one of Newsweek’s Best
Regional Banks and Credit Unions 2024. The Bank was ranked by
Independent Community Bankers of America among the top ten
successful loan producers for 2023 by loan category and asset size
for commercial banks with more than $1 billion in assets. The Bank
finished ninth in S&P Global Market Intelligence’s annual
ranking of the best-performing community banks with assets between
$3 billion and $10 billion for 2022 and eighth among top-performing
community banks in the Northeast region for 2022. Kroll affirmed a
BBB+ (investment grade) deposit rating on January 25, 2023.
The Bank is a New York State chartered commercial bank, a member
of the Federal Reserve System and the Federal Deposit Insurance
Corporation, and an equal housing lender.
For more information, please visit the Bank’s website at
MCBankNY.com.
Forward Looking Statement Disclaimer
This release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Examples of forward-looking statements include but are not limited
to the Company’s future financial condition and capital ratios,
results of operations and the Company’s outlook and business.
Forward-looking statements are not historical facts. Such
statements may be identified by the use of such words as “may,”
“believe,” “expect,” “anticipate,” “plan,” “continue” or similar
terminology. These statements relate to future events or our future
financial performance and involve risks and uncertainties that may
cause our actual results, levels of activity, performance or
achievements to differ materially from those expressed or implied
by these forward-looking statements. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we caution you not to place undue reliance on these
forward-looking statements. Factors which may cause our
forward-looking statements to be materially inaccurate include, but
are not limited to the continuing impact of the COVID-19 pandemic
on our business and results of operation, an unexpected
deterioration in our loan or securities portfolios, unexpected
increases in our expenses, different than anticipated growth and
our ability to manage our growth, unanticipated regulatory action
or changes in regulations, unexpected changes in interest rates,
inflation, an unanticipated decrease in deposits, an unanticipated
loss of key personnel or existing customers, competition from other
institutions resulting in unanticipated changes in our loan or
deposit rates, an unexpected adverse financial, regulatory or
bankruptcy event experienced by our fintech partners, unanticipated
increases in FDIC costs, changes in regulations, legislation or tax
or accounting rules, the current or anticipated impact of military
conflict, terrorism or other geopolitical events and unanticipated
adverse changes in our customers’ economic conditions or general
economic conditions, as well as those discussed under the heading
“Risk Factors” in our Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q.
Forward-looking statements speak only as of the date of this
release. We do not undertake any obligation to update or revise any
forward-looking statement.
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212-365-6721 IR@MCBankNY.com
Metropolitan Bank (NYSE:MCB)
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