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Metro Bank Launches New Online Business Valuator

Free Tool Estimates a Business’s Worth within Minutes


HARRISBURG, Pa. (March 3, 2014) — Metro Bank today announced the official launch of its new online business valuation tool -- Metro Bank Business Valuator.

Free to Customers and non-Customers alike, Metro Bank Business Valuator empowers business owners and entrepreneurs to know what their business could potentially be worth in real-time. It is available exclusively through the Bank’s website, www.mymetrobank.com.

Users simply provide basic information about their business to receive an estimated valuation, as well as a comparison to industry specific key performance indicators, within minutes. Thereafter, a 22-page report specific to the business is prepared and a Metro Bank representative contacts the business directly in order to review and explain the findings of the report and answer questions.

The Bank partnered with BizEquity, the industry's leading online cloud-based business valuation service, to create this innovative way of engaging business owners by helping them understand their potential business value. According to the Small Business Administration, insufficient knowledge about business value is one of the top challenges facing business owners and leaders.

"Knowing potential value puts a business in a better position to grow, reward employees and pursue proper credit and risk management measures," said Metro Bank Chief Operating Officer Perc Moser. "We are proud to be a leader in bringing this banking innovation to the market."

IBISWorld, one of the world's leading publishers of business intelligence and research, estimates that the average business valuation report takes four to six weeks and could cost in excess of $7,500. Metro Bank Business Valuator delivers all the benefits of a business valuation service with none of the cost.

John Cunningham, Chief Marketing Officer for Metro Bank shared, "At Metro Bank, we value innovation. We’ve been pioneering industry-changing conveniences in Central Pennsylvania since 1985. Providing our Customers and prospects with exciting new ways to address their banking and business needs remains a top priority. He added, "Metro Bank Business Valuator is another ground-breaking service that will bring knowledge, value and convenience to all those who will use it."

"By granting free access to a valuation tool, Metro Bank is once again revolutionizing its industry and driving the connection between online marketing initiatives and in-store engagement," said BizEquity CEO and President Michael M. Carter. "We’re very pleased that our patented seven-step process will be a part of this industry game-changer."

About Metro Bank

Metro Bank, subsidiary of Metro Bancorp Inc. (NASDAQ: METR), is a financial services retailer with $2.5 billion in assets and 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 instant-issue Visa debit cards, 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

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Metro Bank is a wholly owned subsidiary of Metro Bancorp, Inc. and is not affiliated with Metro Bank plc, Great Britain