MetLife Completes Sale of MetLife Bank Deposit Business to GE Capital

  MetLife Completes Sale of MetLife Bank Deposit Business to GE Capital

Business Wire

NEW YORK -- January 14, 2013

MetLife, Inc. (NYSE: MET) announced today that it has completed the sale of
MetLife Bank, N.A.’s deposit business to GE Capital Retail Bank, FSB, a
subsidiary of GE Capital. As a result, approximately $6.4 billion in bank
deposits have been transferred to GE Capital Retail Bank.

“The closing of the transaction with GE Capital is an important step in the
process of exiting retail banking and allows MetLife to maintain its strategic
focus as a global insurance and employee benefits leader,” said Steven A.
Kandarian, chairman, president and chief executive officer of MetLife, Inc.

The transaction was approved by the Office of the Comptroller of the Currency
on December 12, 2012. MetLife has begun 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.

Contact:

MetLife, Inc.
For Media: John Calagna, (212) 578-6252
For Investors: Edward Spehar, (212) 578-7888
 
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