MetLife Sheds Bank Holding Company Status with Approvals from the Federal Reserve and FDIC
MetLife, Inc. (NYSE: MET) announced today that it has received the
required approvals from both the Federal Deposit Insurance Corporation
and the Board of Governors of the Federal Reserve to deregister as a
bank holding company.
MetLife completed its sale of MetLife Bank’s depository business to
General Electric Capital on January 11.
MetLife, Inc. is a leading global provider of insurance, annuities and
employee benefit programs, serving 90 million customers. Through its
subsidiaries and affiliates, MetLife holds leading market positions in
the United States, Japan, Latin America, Asia, Europe and the Middle
East. For more information, visit www.metlife.com.
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that includes or is based upon forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements give expectations or forecasts of future
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be affected by inaccurate assumptions or by known or unknown risks and
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actual future results of MetLife, Inc., its subsidiaries and affiliates.
These statements are based on current expectations and the current
economic environment. They involve a number of risks and uncertainties
that are difficult to predict. These statements are not guarantees of
future performance. Actual results could differ materially from those
expressed or implied in the forward-looking statements. Risks,
uncertainties, and other factors that might cause such differences
include the risks, uncertainties and other factors identified in
MetLife, Inc.’s most recent Annual Report on Form 10-K (the “Annual
Report”) filed with the U.S. Securities and Exchange Commission (the
“SEC”), Quarterly Reports on Form 10-Q filed by MetLife, Inc. with the
SEC after the date of the Annual Report under the captions “Note
Regarding Forward-Looking Statements” and “Risk Factors,” and other
filings MetLife, Inc. makes with the SEC. MetLife, Inc. does not
undertake any obligation to publicly correct or update any
forward-looking statement if we later become aware that such statement
is not likely to be achieved. Please consult any further disclosures
MetLife, Inc. makes on related subjects in reports to the SEC.