0000899140-15-000608.txt : 20150806 0000899140-15-000608.hdr.sgml : 20150806 20150805213348 ACCESSION NUMBER: 0000899140-15-000608 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150806 DATE AS OF CHANGE: 20150805 GROUP MEMBERS: BASSWOOD ENHANCED LONG SHORT FUND, LP GROUP MEMBERS: BASSWOOD ENHANCED LONG SHORT GP, LLC GROUP MEMBERS: BASSWOOD FINANCIAL FUND, INC. GROUP MEMBERS: BASSWOOD FINANCIAL FUND, LP GROUP MEMBERS: BASSWOOD FINANCIAL LONG ONLY FUND, LP GROUP MEMBERS: BASSWOOD OPPORTUNITY FUND, INC. GROUP MEMBERS: BASSWOOD OPPORTUNITY PARTNERS, LP GROUP MEMBERS: BASSWOOD PARTNERS, L.L.C. GROUP MEMBERS: BENNETT LINDENBAUM GROUP MEMBERS: MAIN STREET MASTER, LTD. GROUP MEMBERS: MATTHEW LINDENBAUM SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: METRO BANCORP, INC. CENTRAL INDEX KEY: 0001085706 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 251834776 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58095 FILM NUMBER: 151030831 BUSINESS ADDRESS: STREET 1: 3801 PAXTON STREET CITY: HARRISBURG STATE: PA ZIP: 17111 BUSINESS PHONE: 7174126301 MAIL ADDRESS: STREET 1: 3801 PAXTON STREET CITY: HARRISBURG STATE: PA ZIP: 17111 FORMER COMPANY: FORMER CONFORMED NAME: PENNSYLVANIA COMMERCE BANCORP INC DATE OF NAME CHANGE: 19990504 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BASSWOOD CAPITAL MANAGEMENT, L.L.C. CENTRAL INDEX KEY: 0001085393 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 645 MADISON AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-521-9500 MAIL ADDRESS: STREET 1: 645 MADISON AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: Basswood Capital Management LLC DATE OF NAME CHANGE: 20130814 FORMER COMPANY: FORMER CONFORMED NAME: BASSWOOD CAPITAL MANAGEMENT LLC DATE OF NAME CHANGE: 19990428 SC 13D/A 1 b14967825.htm SCHEDULE 13D/A
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 1)

Metro Bancorp, Inc.

(Name of Issuer)


Common Stock, Par Value $1.00 Per Share

(Title of Class of Securities)

59161R101
(CUSIP Number)

Matthew Lindenbaum
Basswood Capital Management, L.L.C.
645 Madison Avenue, 10th Floor
New York, NY 10022
(212) 521-9500

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

(with copies to)
Michael A. Schwartz, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019
(212) 728-8000

August 4, 2015

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box:  ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
 


 
 
CUSIP No.  59161R101
 
 
 
Page 2 of 21 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Capital Management, L.L.C.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  ☐
(b)  ☒
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
AF
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
8
 
SHARED VOTING POWER
674,421 (see Item 5)
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
10
 
 
SHARED DISPOSITIVE POWER
674,421 (see Item 5)
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
674,421 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                     ☐
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.76%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA



 

 


 
CUSIP No.  59161R101
 
 
 
Page 3 of 21 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Partners, L.L.C.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  ☐
(b)  ☒
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
AF
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
8
 
SHARED VOTING POWER
132,291 (see Item 5)
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
10
 
 
SHARED DISPOSITIVE POWER
132,291 (see Item 5)
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
132,291 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                     ☐
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.93%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
 
 
 
 

 


 
CUSIP No.  59161R101
 
 
 
Page 4 of 21 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Enhanced Long Short GP, LLC
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  ☐
(b)  ☒
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
AF
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
8
 
SHARED VOTING POWER
215,071 (see Item 5)
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
10
 
 
SHARED DISPOSITIVE POWER
215,071 (see Item 5)
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
215,071 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                     ☐
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.52%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
 
 
 
 
 


 
 
CUSIP No.  59161R101
 
 
 
Page 5 of 21 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Opportunity Partners, LP
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  ☐
(b)  ☒
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
8
 
SHARED VOTING POWER
72,611 (see Item 5)
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
10
 
 
SHARED DISPOSITIVE POWER
72,611 (see Item 5)
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
72,611 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                     ☐
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.51%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
 
 
 
 
 

 


 
CUSIP No.  59161R101
 
 
 
Page 6 of 21 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Financial Fund, LP
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  ☐
(b)  ☒
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
8
 
SHARED VOTING POWER
53,523 (see Item 5)
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
10
 
 
SHARED DISPOSITIVE POWER
53,523 (see Item 5)
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,523 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                     ☐
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.38%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
 
 
 
 
 


 
 
CUSIP No.  59161R101
 
 
 
Page 7 of 21 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Financial Fund, Inc.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  ☐
(b)  ☒
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
8
 
SHARED VOTING POWER
12,592 (see Item 5)
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
10
 
 
SHARED DISPOSITIVE POWER
12,592 (see Item 5)
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,592 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                     ☐
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.09%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
 
 
 
 

 


 
CUSIP No.  59161R101
 
 
 
Page 8 of 21 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Financial Long Only Fund, LP
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  ☐
(b)  ☒
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
8
 
SHARED VOTING POWER
6,157 (see Item 5)
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
10
 
 
SHARED DISPOSITIVE POWER
6,157 (see Item 5)
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,157 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                     ☐
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.04%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
 
 
 
 
 

 

 
CUSIP No.  59161R101
 
 
 
Page 9 of 21 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Enhanced Long Short Fund, LP
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  ☐
(b)  ☒
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
8
 
SHARED VOTING POWER
215,071 (see Item 5)
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
10
 
 
SHARED DISPOSITIVE POWER
215,071 (see Item 5)
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
215,071 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                     ☐
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.52%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
 
 
 
 
 

 

 
CUSIP No.  59161R101
 
 
 
Page 10 of 21 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Opportunity Fund, Inc.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  ☐
(b)  ☒
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
8
 
SHARED VOTING POWER
24,161 (see Item 5)
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
10
 
 
SHARED DISPOSITIVE POWER
24,161 (see Item 5)
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
24,161 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                     ☐
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.17%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO

 
 
 
 
 

 

 
CUSIP No.  59161R101
 
 
 
Page 11 of 21 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Main Street Master, Ltd.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  ☐
(b)  ☒
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
8
 
SHARED VOTING POWER
282,705 (see Item 5)
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
10
 
 
SHARED DISPOSITIVE POWER
282,705 (see Item 5)
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
282,705 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                     ☐
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.00%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
 
 
 
 
 

 

 
CUSIP No.  59161R101
 
 
 
Page 12 of 21 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Matthew Lindenbaum
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  ☐
(b)  ☒
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
AF
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
8
 
SHARED VOTING POWER
674,421 (see Item 5)
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
10
 
 
SHARED DISPOSITIVE POWER
674,421 (see Item 5)
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
674,421 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                     ☐
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.76%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
 
 
 
 

 


 
CUSIP No.  59161R101
 
 
 
Page 13 of 21 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Bennett Lindenbaum
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  ☐
(b)  ☒
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
AF
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
7
 
 
SOLE VOTING POWER
0
 
 
8
 
SHARED VOTING POWER
674,421 (see Item 5)
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
10
 
 
SHARED DISPOSITIVE POWER
674,421 (see Item 5)
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
674,421 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)                                                                     ☐
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.76%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
 
 
 
 
 
 

 

This Amendment No. 1 to Schedule 13D (this “Amendment No. 1”) is being filed with respect to the Common Stock, $1.00 par value (the “Common Stock”), of Metro Bancorp, Inc., a Pennsylvania corporation (the “Issuer”), to amend the Schedule 13D filed on June 4, 2014 (as amended by this Amendment No. 1, the “Schedule 13D”).
Item 4.  Purpose of Transaction.
Item 4 of the Schedule D is amended to reflect the following:
In light of the announcement on August 4, 2015 that the Issuer and F.N.B. Corporation (“FNB”) have entered into a definitive agreement pursuant to which FNB will acquire the Issuer in a merger transaction in which each share of Common Stock will be exchanged for 2.373 shares of FNB common stock (the “Merger”), the Management Company intends, prior to the Merger and subject to market conditions, to substantially reduce the Funds’ ownership of Common Stock in market transactions and/or to substantially reduce the Funds’ exposure to the Common Stock through hedging transactions.
Item 5.  Interest in Securities of the Issuer.
Item 5(a), 5(b), 5(c) and 5(e) of the Schedule 13D is amended to reflect the following:
(a)            As of the date of this Schedule 13D, each of the Reporting Persons beneficially owns shares of Common Stock in such numbers as set forth on the cover pages of this Schedule 13D.  The total number of shares each of the Reporting Persons beneficially owns represents such percentages as set forth on the cover pages to this Schedule 13D of the Common Stock outstanding.  The percentages used in this Schedule 13D are calculated based upon the 14,165,110 shares of Common Stock outstanding as of April 30 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2015 and filed on May 11, 2015.
(b)            The Management Company, Matthew Lindenbaum and Bennett Lindenbaum share voting and dispositive power over the 674,421 shares of Common Stock held directly by the Funds.  Basswood Partners, the Management Company, Matthew Lindenbaum and Bennett Lindenbaum share voting and dispositive power over the 132,291 shares of Common Stock held directly by Basswood Opportunity Partners, LP, Basswood Financial Fund, LP and Basswood Financial Long Only Fund, LP.  Basswood Long Short GP, the Management Company, Matthew Lindenbaum and Bennett Lindenbaum share voting and dispositive power over the 215,071 shares of Common Stock held directly by Basswood Enhanced Long Short Fund, LP.  By virtue of the relationships among the Reporting Persons, as described in this Schedule 13D, the Reporting Persons may be deemed to be a “group” under the Federal securities laws. Except as otherwise set forth in this Schedule 13D, each Fund expressly disclaims beneficial ownership of any of the shares of Common Stock beneficially owned by any other Reporting Person, and the filing of this Statement shall not be construed as an admission, for the purposes of Sections 13(d) and 13(g) or under any provision of the Exchange Act or the rules promulgated thereunder or for any other purpose, that any Fund is a beneficial owner of any shares not directly held by such Fund.
(c)            Schedule I sets forth all transactions with respect to the Common Stock effected by the Reporting Persons during the past sixty (60) days, inclusive of any transactions effected through 5:00p.m., New York City time, on August 5, 2015.
 (e)            The Reporting Persons ceased to be the beneficial owners of more than 5% of the outstanding shares of Common Stock on August 5, 2015. 
 
 

SCHEDULE I
 
Trade Type
Fund
Trade Date
Shares Purchased (Sold)
Price (Gross)
sl
Basswood Financial Long Only Fund, LP
6/18/2015
8,515
25.98
sl
Basswood Financial Long Only Fund, LP
6/18/2015
2,200
25.98
sl
Basswood Financial Long Only Fund, LP
6/18/2015
2,900
25.98
sl
Basswood Financial Long Only Fund, LP
6/18/2015
4,300
25.98
sl
Basswood Financial Long Only Fund, LP
6/18/2015
4,200
25.98
sl
Basswood Financial Long Only Fund, LP
6/18/2015
5,462
25.98
sl
Basswood Financial Long Only Fund, LP
6/18/2015
4,648
25.98
sl
Basswood Financial Long Only Fund, LP
6/18/2015
1,211
25.98
sl
Basswood Financial Long Only Fund, LP
6/18/2015
4,334
25.98
sl
Basswood Financial Long Only Fund, LP
6/18/2015
2,191
25.98
sl
Basswood Financial Long Only Fund, LP
6/18/2015
136
25.98
sl
Managed Account 1
6/29/2015
100
26.61
sl
Managed Account 1
6/29/2015
776
26.36
sl
Managed Account 1
6/29/2015
924
26.36
sl
Managed Account 1
6/30/2015
7,076
26.30
sl
Managed Account 1
6/30/2015
2,400
26.30
sl
Managed Account 1
6/30/2015
4,546
26.30
sl
Basswood Financial Fund, LP
7/1/2015
1,557
26.40
sl
Basswood Financial Fund, LP
7/1/2015
210
26.40
sl
Basswood Financial Long Only Fund, LP
7/1/2015
336
26.40
sl
Basswood Financial Fund, Inc.
7/1/2015
536
26.40
sl
Basswood Financial Fund, Inc.
7/1/2015
37
26.40
sl
Basswood Financial Fund, Inc.
7/1/2015
991
26.40
by
Basswood Financial Long Only Fund, LP
7/1/2015
841
26.57
sl
Managed Account 1
7/1/2015
4,004
26.40
sl
Managed Account 1
7/1/2015
3,060
26.40
sl
Managed Account 1
7/1/2015
5,400
26.40
 
 

 
sl
Managed Account 1
7/1/2015
8,235
26.40
sl
Managed Account 1
7/1/2015
5,381
26.40
sl
Basswood Financial Fund, LP
7/2/2015
1,225
25.99
sl
Basswood Financial Long Only Fund, LP
7/2/2015
233
25.99
sl
Basswood Financial Fund, Inc.
7/2/2015
675
25.99
sl
Basswood Financial Fund, Inc.
7/2/2015
51
25.99
sl
Basswood Financial Fund, Inc.
7/2/2015
152
25.99
sl
Basswood Financial Fund, Inc.
7/2/2015
97
25.99
sl
Basswood Financial Fund, Inc.
7/2/2015
17
25.99
sl
Basswood Financial Fund, Inc.
7/2/2015
46
25.99
sl
Basswood Financial Fund, Inc.
7/2/2015
46
25.99
sl
Managed Account 1
7/2/2015
4,502
25.99
sl
Managed Account 1
7/2/2015
1,800
25.99
sl
Managed Account 1
7/2/2015
8,597
25.99
sl
Managed Account 1
7/2/2015
3,175
25.99
sl
Basswood Financial Fund, LP
7/6/2015
336
25.85
sl
Basswood Financial Long Only Fund, LP
7/6/2015
64
25.85
sl
Basswood Financial Fund, Inc.
7/6/2015
20
25.85
sl
Basswood Financial Fund, Inc.
7/6/2015
65
25.85
sl
Basswood Financial Fund, Inc.
7/6/2015
144
25.85
sl
Basswood Financial Fund, Inc.
7/6/2015
68
25.85
sl
Managed Account 1
7/6/2015
1,336
25.85
sl
Managed Account 1
7/6/2015
177
25.85
sl
Managed Account 1
7/6/2015
3,434
25.85
by
Basswood Financial Long Only Fund, LP
8/3/2015
2,348
24.90
by
Basswood Financial Fund, Inc.
8/3/2015
2,147
24.90
sl
Basswood Financial Long Only Fund, LP
8/4/2015
847
30.15
sl
Basswood Financial Long Only Fund, LP
8/4/2015
512
30.22
sl
Basswood Financial Long Only Fund, LP
8/4/2015
1,240
30.26
sl
Basswood Financial Long Only Fund, LP
8/4/2015
124
30.26
 
 

 
sl
Basswood Financial Long Only Fund, LP
8/4/2015
133
30.26
sl
Basswood Financial Long Only Fund, LP
8/4/2015
1,197
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
705
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
703
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
2,446
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
6,115
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
587
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
1,345
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
905
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
2,446
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
244
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
807
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
24
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
733
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
6,114
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
2,003
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
11,731
30.22
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
684
30.22
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
24
30.22
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
228
30.22
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
349
30.22
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
1,100
30.22
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
1,109
30.22
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
656
30.26
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
28,194
30.26
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
6,769
30.26
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
8,842
30.26
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
1,523
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
670
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
1,027
30.12
 

 
 
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
1,939
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
1,235
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
464
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
602
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
921
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
868
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
1,329
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
855
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
1,310
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
1,892
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
8,600
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
2,896
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
9,435
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
6,477
30.15
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
3,916
30.22
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
8,846
30.26
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
2,592
30.26
sl
Basswood Enhanced Long Short Fund, LP
8/4/2015
9,150
30.12
sl
Basswood Financial Fund, Inc.
8/4/2015
720
30.15
sl
Basswood Financial Fund, Inc.
8/4/2015
435
30.22
sl
Basswood Financial Fund, Inc.
8/4/2015
992
30.26
sl
Basswood Financial Fund, Inc.
8/4/2015
152
30.26
sl
Basswood Financial Fund, Inc.
8/4/2015
15
30.26
sl
Basswood Financial Fund, Inc.
8/4/2015
8
30.26
sl
Basswood Financial Fund, Inc.
8/4/2015
9
30.26
sl
Basswood Financial Fund, Inc.
8/4/2015
96
30.26
sl
Basswood Financial Fund, Inc.
8/4/2015
124
30.12
sl
Basswood Financial Fund, Inc.
8/4/2015
28
30.12
sl
Basswood Financial Fund, Inc.
8/4/2015
3
30.12
sl
Basswood Financial Fund, Inc.
8/4/2015
374
30.12
 
 

 
sl
Basswood Financial Fund, Inc.
8/4/2015
112
30.12
sl
Basswood Financial Fund, Inc.
8/4/2015
174
30.12
sl
Basswood Financial Fund, Inc.
8/4/2015
203
30.12
sl
Basswood Financial Fund, Inc.
8/4/2015
590
30.15
sl
Basswood Financial Fund, Inc.
8/4/2015
29
30.15
sl
Basswood Financial Fund, Inc.
8/4/2015
15
30.15
sl
Basswood Financial Fund, Inc.
8/4/2015
17
30.15
sl
Basswood Financial Fund, Inc.
8/4/2015
481
30.15
sl
Basswood Financial Fund, Inc.
8/4/2015
109
30.22
sl
Basswood Financial Fund, Inc.
8/4/2015
54
30.22
sl
Basswood Financial Fund, Inc.
8/4/2015
6
30.22
sl
Basswood Financial Fund, Inc.
8/4/2015
515
30.22
sl
Basswood Financial Fund, Inc.
8/4/2015
204
30.26
sl
Basswood Financial Fund, Inc.
8/4/2015
351
30.26
sl
Basswood Financial Fund, Inc.
8/4/2015
375
30.26
sl
Basswood Financial Fund, Inc.
8/4/2015
322
30.26
sl
Basswood Financial Fund, Inc.
8/4/2015
747
30.26
sl
Basswood Financial Fund, Inc.
8/4/2015
1,599
30.12
sl
Main Street Master Ltd.
8/4/2015
3,500
30.15
sl
Main Street Master Ltd.
8/4/2015
38,116
30.15
sl
Main Street Master Ltd.
8/4/2015
157
30.22
sl
Main Street Master Ltd.
8/4/2015
2,902
30.22
sl
Main Street Master Ltd.
8/4/2015
450
30.22
sl
Main Street Master Ltd.
8/4/2015
3,777
30.22
sl
Main Street Master Ltd.
8/4/2015
8,000
30.22
sl
Main Street Master Ltd.
8/4/2015
3,565
30.22
sl
Main Street Master Ltd.
8/4/2015
4,098
30.22
sl
Main Street Master Ltd.
8/4/2015
2,218
30.22
sl
Main Street Master Ltd.
8/4/2015
45,082
30.26
sl
Main Street Master Ltd.
8/4/2015
7,712
30.26
 

 
 
sl
Main Street Master Ltd.
8/4/2015
15,943
30.26
sl
Main Street Master Ltd.
8/4/2015
1,975
30.26
sl
Main Street Master Ltd.
8/4/2015
2,775
30.26
sl
Main Street Master Ltd.
8/4/2015
533
30.12
sl
Main Street Master Ltd.
8/4/2015
7,348
30.12
sl
Main Street Master Ltd.
8/4/2015
1,956
30.12
sl
Main Street Master Ltd.
8/4/2015
18,365
30.12
sl
Main Street Master Ltd.
8/4/2015
1,766
30.12
sl
Main Street Master Ltd.
8/4/2015
4,042
30.12
sl
Main Street Master Ltd.
8/4/2015
2,855
30.12
sl
Main Street Master Ltd.
8/4/2015
2,720
30.12
sl
Main Street Master Ltd.
8/4/2015
7,348
30.12
sl
Main Street Master Ltd.
8/4/2015
736
30.12
sl
Main Street Master Ltd.
8/4/2015
2,426
30.12
sl
Main Street Master Ltd.
8/4/2015
8,691
30.12
sl
Basswood Financial Long Only Fund, LP
8/4/2015
58
30.15
sl
Basswood Financial Long Only Fund, LP
8/4/2015
35
30.22
sl
Basswood Financial Long Only Fund, LP
8/4/2015
102
30.26
sl
Basswood Financial Long Only Fund, LP
8/4/2015
81
30.12
sl
BCM Select Equity I Master, Ltd.
8/4/2015
207
30.15
sl
BCM Select Equity I Master, Ltd.
8/4/2015
911
30.15
sl
BCM Select Equity I Master, Ltd.
8/4/2015
676
30.22
sl
BCM Select Equity I Master, Ltd.
8/4/2015
1,975
30.26
sl
BCM Select Equity I Master, Ltd.
8/4/2015
1,580
30.12
sl
BASSWOOD OPPORTUNITY FUND, INC.
8/4/2015
1,259
30.15
sl
BASSWOOD OPPORTUNITY FUND, INC.
8/4/2015
1,945
30.15
sl
BASSWOOD OPPORTUNITY FUND, INC.
8/4/2015
351
30.15
sl
BASSWOOD OPPORTUNITY FUND, INC.
8/4/2015
2,150
30.22
sl
BASSWOOD OPPORTUNITY FUND, INC.
8/4/2015
6,279
30.26
sl
BASSWOOD OPPORTUNITY FUND, INC.
8/4/2015
4,893
30.12
 
 

sl
BASSWOOD OPPORTUNITY FUND, INC.
8/4/2015
130
30.12
sl
Basswood Enhanced Long Short Fund, LP
8/5/2015
73,311
30.42
sl
Basswood Enhanced Long Short Fund, LP
8/5/2015
18,861
30.42
sl
Basswood Financial Fund, Inc.
8/5/2015
2,099
30.42
sl
Basswood Financial Fund, Inc.
8/5/2015
3,296
30.42
sl
Basswood Financial Long Only Fund, LP
8/5/2015
2,469
30.42
sl
Basswood Financial Long Only Fund, LP
8/5/2015
169
30.42
sl
BASSWOOD OPPORTUNITY FUND, INC.
8/5/2015
10,354
30.42
sl
BCM Select Equity I Master, Ltd.
8/5/2015
3,257
30.42
sl
Main Street Master Ltd.
8/5/2015
121,165
30.42
 
 
 
 
 
 
 

 

 
SIGNATURES

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.
 

Dated: August 5, 2015
BASSWOOD CAPITAL MANAGEMENT, L.L.C.
   
   
 
   By:  /s/ Matthew Lindenbaum              
   
Name: Matthew Lindenbaum
   
Title: Managing Member
   
   
Dated: August 5, 2015
BASSWOOD PARTNERS, L.L.C.
   
   
 
   By:  /s/ Matthew Lindenbaum              
   
Name: Matthew Lindenbaum
   
Title: Managing Member
   
   
Dated: August 5, 2015
BASSWOOD ENHANCED LONG SHORT GP, LLC
   
   
 
   By:  /s/ Matthew Lindenbaum            
   
Name: Matthew Lindenbaum
   
Title: Managing Member
   
   
 Dated: August 5, 2015
Basswood Opportunity Partners, LP
 
   By: Basswood Capital Management, L.L.C.
 
 
 
   By:  /s/ Matthew Lindenbaum              
 
Name: Matthew Lindenbaum
 
Title: Managing Member
 
 
 Dated: August 5, 2015 Basswood Opportunity Fund, Inc.
    By: Basswood Capital Management, L.L.C.
 
 
  By:  /s/ Matthew Lindenbaum              
 
Name: Matthew Lindenbaum
 
Title: Managing Member
 
 
 
 
 

 
 
   
Dated: August 5, 2015
BASSWOOD ENHANCED LONG SHORT FUND, LP
 
   By: Basswood Capital Management, L.L.C.
   
   
 
   By:  /s/ Matthew Lindenbaum              
   
Name: Matthew Lindenbaum
 
Title: Managing Member
 
 
Dated: August 5, 2015
BASSWOOD FINANCIAL FUND, LP
 
   By: Basswood Capital Management, L.L.C.
   
   
 
   By:  /s/ Matthew Lindenbaum               
   
Name: Matthew Lindenbaum
   
Title: Managing Member
   
   
Dated: August 5, 2015
BASSWOOD FINANCIAL LONG ONLY FUND, LP
 
   By: Basswood Capital Management, L.L.C.
   
   
 
   By:  /s/ Matthew Lindenbaum              
   
Name: Matthew Lindenbaum
   
Title: Managing Member
   
   
Dated: August 5, 2015
BASSWOOD FINANCIAL FUND, INC.
 
   By: Basswood Capital Management, L.L.C.
   
   
 
   By:  /s/ Matthew Lindenbaum             
   
Name: Matthew Lindenbaum
   
Title: Managing Member
 
 
 Dated: August 5, 2015 MAIN STREET MASTER LTD.
 
   By: Basswood Capital Management, L.L.C.
 
 
  By:  /s/ Matthew Lindenbaum              
 
Name: Matthew Lindenbaum
 
Title: Managing Member
 
   
Dated: August 5, 2015
/s/ Matthew Lindenbaum                 
 
Matthew Lindenbaum
   
   
Dated: August 5, 2015
/s/ Bennett Lindenbaum                  
 
Bennett Lindenbaum