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MetroCorp BancsharesInc. Records a $5.3m Factoring Receivable Charge-Off

MetroCorp Bancshares Inc. announced that Advantage Finance Corporation, the factoring subsidiary of MetroBank N.A., has reportedly been the victim of a fraudulent scheme by a long-time customer, which will require an unusual charge-off against MetroBank's loan loss reserve during the...

#3M#bank#interest rates

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