Data / Bank failures / 1996 / Metrobank of Philadelphia
Metrobank of Philadelphia, Philadelphia, PA: failed March 8, 1996
Metrobank of Philadelphia in Philadelphia, Pennsylvania, failed on March 8, 1996. Jefferson Bank of Haverford, PA, took over its deposits. It held $40.4 million in assets and $39.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.7 million (19.1% of its assets). By assets it was the 3rd largest of 6 banks closed or assisted in 1996.
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The FDIC's record
- Closed
- March 8, 1996
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Jefferson Bank, Haverford, PA
- Total assets
- $40,379,000
- Total deposits
- $39,177,000
- Estimated cost to the FDIC
- $7,701,183 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 27525
All bank failures in 1996 · All bank failures in Pennsylvania · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.