0001085706-14-000019.txt : 20140725 0001085706-14-000019.hdr.sgml : 20140725 20140725170245 ACCESSION NUMBER: 0001085706-14-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140722 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140725 DATE AS OF CHANGE: 20140725 FILER: 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50961 FILM NUMBER: 14994808 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 8-K 1 a8-kdirectorchanges.htm METRO BANCORP, INC. FORM 8-K 8-K Director Changes


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
July 25, 2014
(July 22, 2014)

Metro Bancorp, Inc.
(Exact name of registrant as specified in its charter)

Pennsylvania
 
000-50961
 
25-1834776
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)

3801 Paxton Street, Harrisburg, Pennsylvania
 
17111
(Address of principal executive offices)
 
(Zip Code)

Registrant's telephone number, including area code
888-937-0004

N/A
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
















Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


(b) On July 22, 2014, Howell C. Mette notified Gary L. Nalbandian, Chairman, President and Chief Executive Officer of Metro Bancorp, Inc. (“Metro”) and Metro Bank (“Bank”) that he was retiring from the Board of Directors of Metro and the Bank, effective July 25, 2014, following the joint meeting of the Boards. Mr. Mette had served as a director of the Bank since 1985 and of Metro since 1999. Mr. Mette stated that after nearly 30 years, it was time to retire. At their joint meeting, the Boards of Directors extended to Mr. Mette their heartfelt appreciation for his years of service and acknowledged the critical role he has played in the organization and success of Metro and the Bank.

(d)
At the joint meeting of the Board of Directors of Metro and the Bank on July 25, 2014, the Boards increased the number of directors on their Boards from nine to ten members and elected Jessica E. Meyers and Thomas F. Smida to serve on the respective Board of Directors until Metro’s 2015 annual meeting of shareholders. The new directors were not appointed to Board committees at this meeting.

The new directors will be compensated for their service on the same basis as other Metro and Bank directors are compensated.

Internal controls exist within Metro and the Bank to ensure that compliance with Regulation O, which deals with loans to insiders such as directors, is maintained on an ongoing basis. Accordingly, any loans or commitments to lend to such persons and to the companies with which they are associated were made (and will be made) in the ordinary course of business, on substantially the same terms, (including interest rates, collateral on the loans, and repayment terms), as those prevailing at the same time for comparable transactions with persons not related to or employed by Metro or the Bank.

Item 9.01. Financial Statements and Exhibits
Exhibit No.
99.1 Press Release, dated July 25, 2014













SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 25, 2014
Metro Bancorp, Inc.
-------------------------------
(Registrant)
    
/s/ Mark A. Zody
-------------------------------
Mark A. Zody
Chief Financial Officer







EXHIBIT INDEX



Exhibit No.           Description


99.1          Press Release of Metro Bancorp, Inc. dated July 25, 2014


EX-99.1 2 exhibit991-2014_07x25metro.htm EXHIBIT 99.1 Exhibit 99.1 - Press Release Board of Directors

                                
NEWS RELEASE                    

FOR IMMEDIATE RELEASE
Contact:
Natalie A. Neyer
Public Relations Manager
(717) 412-6207 (office)
(717) 602-8839 (cell)
natalie.neyer@mymetrobank.com

Metro Bancorp Appoints Two New Members to Board of Directors

HARRISBURG, Pa. (July 25, 2014) — Metro Bancorp, Inc. (NASDAQ: METR), parent company of Metro Bank, has announced the appointment of Jessica E. Meyers and Thomas F. Smida to the Company’s Board of Directors, effective today. The appointments increase the number of Metro Bancorp directors from 9 to 10 following the retirement of founding board director Howell C. Mette, also effective today.

“On behalf of the Board of Directors, the Metro Bank management team and our employees, I welcome Jessica and Tom,” said Metro Bancorp Chairman of the Board, President and CEO Gary L. Nalbandian. “We look forward to the contributions they will make as a result of their business experience and leadership. Also, we thank Howell for his contributions and many years of service. His expertise and guidance have been a great asset to Metro.”

Jessica E. Meyers is the owner and president of JEM Group, a construction services firm located in Harrisburg. Meyers started the company in October 2003 to serve small- to mid-sized project customers with a focus on delivering personalized and professional services to both the public and private sectors throughout Central Pennsylvania. Prior to founding JEM Group, she was a vice president at Reynolds Construction Management, Inc. where she contributed more than nine years of service and leadership.

Meyers currently serves on the Board of Trustees of Harrisburg University of Science and Technology, the Pennsylvania Commission for Women and the Minimum Wage Advisory Board of the Pennsylvania Department of Labor and Industry. In addition, she is vice chairperson of the AAA Central Penn Board of Directors.

She was the recipient of the Central Penn Business Journal’s Forty Under 40 Award in 2004. In 2005, she was named one of Pennsylvania’s Best 50 Women in Business. Under her leadership, JEM Group has been recognized as one of the Fastest Growing companies in the region in both 2009 and 2011 and has received numerous awards for safety and craftsmanship. Meyers is a resident of Camp Hill, Pennsylvania. She holds a Bachelor of Arts degree from Pennsylvania State University.

Thomas F. Smida is an attorney with Mette, Evans & Woodside, a Harrisburg-based law firm. He has been with the firm since 1996 in its municipal finance practice group. He has more than 18 years of legal and financial experience including extensive experience as bond counsel representing Pennsylvania counties, townships, boroughs, school districts and municipal authorities in various types of public financings.




Additionally, he has represented national and state chartered banks and financial institutions in their roles as lenders and letter of credit providers. He has also acted on behalf of clients in financings with the Pennsylvania Economic Development Finance Authority, the Pennsylvania Infrastructure Investment Authority, the United States Department of Agriculture and Rural Utilities Services.

-more-
Smida received his Juris Doctor degree from Duquesne University School of Law, his Master of Laws degree from Temple University and his Bachelor’s degree from the University of Pittsburgh. A resident of Harrisburg, Smida is currently a member of the Dauphin County Bar Association, Pennsylvania Bar Association, Pennsylvania Association of Bond Lawyers and the National Association of Bond Lawyers.

Meyers and Smida join board members Gary L. Nalbandian, Chairman, President and CEO, Metro Bancorp, Inc.; James R. Adair, Former Banker and Businessman; John J. Cardello, CPA, Partner, SF & Company, P.C.; Douglas S. Gelder, Owner and President, DSG Development; Alan R. Hassman, President, ARH, Inc. and Keystone Lodging Enterprises, Inc.; J. Rodney Messick, Chief Financial Officer, Homesale Realty; Michael A. Serluco, Owner, Consolidated Properties; Samir J. Srouji, M.D., Owner, Plastic Surgery, P.C.


About Metro Bank
Metro Bank, subsidiary of Metro Bancorp Inc. (NASDAQ: METR), is a financial services retailer with 33 stores in the counties of Berks, Cumberland, Dauphin, Lancaster, Lebanon and York. Headquartered in Harrisburg, Metro Bank opened its first location in Camp Hill, Pa. in 1985, pioneering industry-changing conveniences in Central Pennsylvania including seven-day branch banking, free personal checking, free customer coin-counting machines and use of a prototype store design. Additional services include free instant-issue Visa debit cards, free online and mobile banking and 24/7 live customer service. The bank also offers commercial banking services including term loans, commercial mortgages, lines of credit and cash management services. For more information about Metro Bank, visit mymetrobank.com

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