Office of the Comptroller of the Currency Approves GE Capital’s Acquisition of MetLife Bank Deposit Business

  Office of the Comptroller of the Currency Approves GE Capital’s Acquisition
  of MetLife Bank Deposit Business

Business Wire

NEW YORK -- December 12, 2012

MetLife, Inc. (NYSE: MET) announced today that the Comptroller of the Currency
has issued a conditional approval of GE Capital’s acquisition of approximately
$6.5 billion in bank deposits from MetLife Bank, N.A.

Upon completion of the acquisition, which is subject to closing conditions,
deposit customers of MetLife Bank will become customers of GE Capital Retail
Bank, a unit of GE Capital.

After closing, MetLife will work with the Federal Deposit Insurance
Corporation and the Federal Reserve to take the necessary administrative steps
to deregister as a bank holding company.

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.

This press release may contain or incorporate by reference information 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 events. These statements can be
identified by the fact that they do not relate strictly to historical or
current facts. They use words such as “anticipate,” “estimate,” “expect,”
“project,” “intend,” “plan,” “believe” and other words and terms of similar
meaning in connection with a discussion of future operating or financial
performance. In particular, these include statements relating to future
actions, prospective services or products, future performance or results of
current and anticipated services or products, sales efforts, expenses, the
outcome of contingencies such as legal proceedings, trends in operations and
financial results.

Any or all forward-looking statements may turn out to be wrong. They can be
affected by inaccurate assumptions or by known or unknown risks and
uncertainties. Many such factors will be important in determining the 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.

Contact:

MetLife, Inc.
For Media:
John Calagna, 212-578-6252
or
For Investors:
Edward Spehar, 212-578-7888
 
Press spacebar to pause and continue. Press esc to stop.