Data / Bank failures / 1983 / Metropolitan Sa
Metropolitan Sa, Farmington, MI: received FDIC assistance February 12, 1983
Metropolitan Sa in Farmington, Michigan, received open bank assistance from the FDIC on February 12, 1983. It held $395.9 million in assets and $254 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.5 million (0.4% of its assets). By assets it was the 9th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- February 12, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Empire of America, Fsa, Buffalo, NY
- Total assets
- $395,939,899
- Total deposits
- $254,007,119
- Estimated cost to the FDIC
- $1,499,434 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 30558
Other bank failures in Michigan, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Usm (u.s. Mutual) S&LA | Ann Arbor | November 26, 1985 | $306.1 million | $287 million | $31.1 million | Great Lakes Bancorp |
| National Bank and Trust Company of Travers | Traverse City | March 9, 1984 | $104 million | $97.8 million | $12.2 million | NBD Northwest Bank NA |
| Guaranty FS&LA (assistance) | Taylor | July 22, 1983 | $143.4 million | $133.5 million | $1 million | Guaranty FS&LA |
| American FS&LA (assistance) | Southfield | July 30, 1982 | $841.7 million | $475.8 million | $3.1 million | Empire of America, Fsa |
| Community BK of Washtenaw | Ypsilantai | May 15, 1982 | $19.9 million | $18.2 million | $242,786 | Michigan NB Ann Arbor |
Other failed banks Empire of America, Fsa took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| American FS&LA (assistance) | Southfield | MI | July 30, 1982 | $841.7 million | $475.8 million | $3.1 million | Empire of America, Fsa |
| First of Mid Florida (assistance) | Deland | FL | July 30, 1982 | $549.3 million | $486.8 million | $1.8 million | Empire of America, Fsa |
All bank failures in 1983 · All bank failures in Michigan · Every failed bank Empire of America, Fsa took over · 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.