Data / Bank failures / 2007 / Metropolitan Savings Bank
Metropolitan Savings Bank, Pittsburgh, PA: failed February 2, 2007
Metropolitan Savings Bank in Pittsburgh, Pennsylvania, failed on February 2, 2007. Allegheny Valley Bank of Pittsburgh of Pittsburgh, PA, took over its deposits. It held $15.8 million in assets and $14.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $9.4 million (59.9% of its assets). By assets it was the 3rd largest of 3 banks closed or assisted in 2007.
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The FDIC's record
- Closed
- February 2, 2007
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Allegheny Valley Bank of Pittsburgh, Pittsburgh, PA
- Total assets
- $15,760,000
- Total deposits
- $14,540,000
- Estimated cost to the FDIC
- $9,438,083 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- DIF
- FDIC certificate
- 35353
Other bank failures in Pennsylvania, 2005 to 2009
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Dwelling House Savings and Loan | Pittsburgh | August 14, 2009 | $12.9 million | $13 million | $8.4 million | PNC Bank, National Association |
All bank failures in 2007 · All bank failures in Pennsylvania · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.