Question · Q1 2025
Naira Behan of Hovde Group inquired about performance trends in the nonowner-occupied CRE portfolio, opportunities for deposit growth across specific verticals, and the current competitive pressures on both the loan and deposit sides of the business.
Answer
Executive Mark DeFazio stated that the nonowner-occupied CRE book is 'fairly diversified' and stable. He emphasized that MCB sees significant runway within its existing deposit verticals and is developing new organic initiatives for future growth, leveraging its 'branch-light' model. On competition, DeFazio confidently and humorously remarked, 'You don't see any competition in New York City,' indicating a strong market position.
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