Metro Bank (NASDAQ: METR) today announced that Percival (Perc) B. Moser, III has joined the bank as senior vice president and chief operating officer and Lori A. Calhoun has joined the bank as senior vice president and chief risk officer.

Moser previously was an executive vice president at TD Bank (formerly Commerce Bank), where he was responsible for all commercial and credit support operations.

Calhoun was formerly senior vice president and senior risk officer for PNC Financial Services Group, where she contributed to the success of critical strategic and regulatory initiatives.

Moser and Calhoun will report to Metro Bank Chairman, President and CEO Gary L. Nalbandian.

“Perc and Lori each bring a wealth of experience and expertise to Metro Bank,” Nalbandian said. “Perc has a record of excellence in the administration of complex bank support operations. Lori is a proven leader in risk management and enterprise-wide regulatory initiatives. As members of Metro’s senior management team, Perc and Lori will help guide our company as we achieve further growth and success.”

Moser previously was a member of the National Clearinghouse Association board of directors, as well as the Philadelphia International Bank board of directors and Banking Administration Institute’s cash management executive committee.

Calhoun is a member of the Risk Management Association, the Association of International Product Marketing and Management and the American Marketing Association.

The bank also announced that Pete Musumeci has retired from his position as senior loan officer and will continue to serve the bank as a consultant.

“We thank Pete for his contributions and service,” Nalbandian said. “He was a great asset to Metro in his role as senior loan officer and we look forward to his continued advice and counsel.”

A search for a senior loan officer is in process.

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, the bank’s services include seven-day banking, free checking, free instant-issue Visa debit card, free coin-counting machines, free online 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.

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements concerning future events. Actual results could differ materially due to the following risks and uncertainties -- deteriorating economic conditions; increased competition; interest rate movements; market volatility in the securities markets; legislative or regulatory developments; merger-related synergies, savings and integration issues; technological changes; and other risks and uncertainties discussed in the company's reports filed from time to time with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on these statements. The Company undertakes no obligation to publicly release or update any of these statements.

Copyright Business Wire 2010

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