Errors On CNBC News Article Regarding MetroCorp Bancshares, Inc. (GlobeNewswire)
Thu, 14 May 2009 23:48:53 Etc/GM
``This is absolutely incorrect. We have notified CNBC and they have now corrected the amount on their web page from $10 billion to $10 million,'' said David Choi, CFO of MetroCorp Bancshares. ``With the additional capital from TARP, our tier one capital ratio was 11.83% and total capital ratio was 13.09% as of the end of first quarter. At this level of capital we have a lot of room to handle a prolonged downturn in the economy,'' said Choi.
MetroCorp Bancshares, Inc. (NasdaqGS:MCBI - News) provides a full range of commercial and consumer banking services through its wholly owned subsidiaries, MetroBank, N.A. and Metro United Bank. The Company has thirteen full-service banking locations in the greater Houston, and Dallas, Texas metropolitan areas, and six full-service banking locations in the greater San Diego, Los Angeles and San Francisco, California metropolitan areas. As of March 31, 2009 the Company had consolidated assets of $1.6 billion. For more information, visit the Company's web site at http://www.metrobank-na.com.
The MetroCorp Bancshares Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2894
Contact:
MetroCorp Bancshares, Inc., Houston
George M. Lee, Executive Vice Chairman, President and CEO
713-776-3876
source: http://biz.yahoo.com/pz/090514/165517.html