March 17, 2017 | Press Release
President and Chief Executive Officer Dong Il Kim discussed the offering: "We were pleased that the offering was significantly oversubscribed. Investors clearly understand that Southern California is a great place to do business and that US Metro Bank is well positioned in the marketplace. This new capital will be used to support organic growth opportunities in the markets we serve and further enhance the value of our franchise. Furthermore, the addition of premier institutional bank investors to our shareholder base will help to promote increased liquidity and financial sponsorship."