Metropolitan National Bank Recruits Al Botta to Run CashZone Financial Services Subsidiary

Metropolitan National Bank Recruits Al Botta to Run CashZone Financial Services Subsidiary

Prepaid Debit Card Industry Heavyweight Will Oversee Expansion of CashZone Prepaid Visa Card and Evolution of Check Cashing and Related Financial Services


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NEW YORK, Aug. 29, 2011 /PRNewswire-HISPANIC PR WIRE/ — Metropolitan National Bank®, a New York City-based community bank, has hired Al Botta for the position of Senior Vice President, Metropolitan National Bank, and Senior Vice President, Marketing & Operations, CashZone®, a wholly owned subsidiary of the Bank.

Mr. Botta, who has more than 10 years experience with all facets of prepaid cards and a total of 17 years in the payments and card industry, will be responsible for expanding Metropolitan National Bank’s prepaid card business. The Bank, which has to date focused exclusively on New York City, will now expand its efforts regionally and nationally. Mr. Botta will spearhead this drive.

“The expansion of our prepaid card offerings further strengthens our desire and ability to meet the needs of our customers,” says Mark R. DeFazio, President and CEO of Metropolitan National Bank. “Al Botta’s deep experience with, knowledge of, and vision for prepaid card products and marketing will greatly benefit the Bank, CashZone, our customers, shareholders, and employees.”

“Having Metropolitan National Bank as the issuer and CashZone as the program manager is a win-win for debit card partners and customers,” according to Al. “I am excited at the potential to introduce new and innovative products coupled with channels open only to issuers.”

Before joining Metropolitan National Bank, Al was Vice President, National Sales, at PreCash®, a systems provider that enables consumers to turn their cash into electronic payments and branded bankcards.

Prior to PreCash, he was Chief Marketing Officer, Precommunications Inc.; Senior Vice President, Retail Operations, IDT Corporation; Director of Sales, Global Markets, AT&T; and Director of Product Management, TCG.

Al and his wife, Alexis, and their two children live in New York, New York.

About Metropolitan National Bank

Metropolitan National Bank, a nationally chartered FDIC member institution with assets of over $580 million and headquarters in New York City, operates three full-service Banking Centers in midtown Manhattan and one in Boro Park, Brooklyn. Metropolitan National Bank offers a full range of commercial and personal banking services to middle-market enterprises and high net worth individuals. Metropolitan National Bank serves a wide range of industries, including healthcare, fashion and apparel, real estate, accounting, legal, and other professional services. Through its CashZone subsidiary, Metropolitan National Bank also serves markets that are often overlooked by today’s consolidating financial services industry by offering innovative, consumer-friendly financial services to the un-banked, under-banked, and self-banked.

About CashZone

CashZone Check Cashing Corp. is a wholly owned subsidiary of Metropolitan National Bank, a nationally chartered FDIC member institution with assets of over $580 million and headquarters in New York City. CashZone operates 13 full-service Financial Centers in New York City. CashZone offers a full range of check cashing, bill payment, money transfer, and other financial services for un-banked, under-banked and self-banked consumers. In addition, CashZone is the program manager for the CashZone Prepaid Visa® Card, an affordable prepaid debit card.

CashZone Prepaid Visa Card is issued by Metropolitan National Bank pursuant to a license from Visa U.S.A. Inc.

Metropolitan National Bank and Metropolitan are registered trademarks of Metropolitan National Bank.

CashZone, the CA$H ZONE logo and Check2Card are registered trademarks of CashZone Check Cashing Corp.

All other trademarks are property of their respective owners

SOURCE Metropolitan National Bank

Metropolitan National Bank Recruits Al Botta to Run CashZone Financial Services Subsidiary