The Graveyard › Banks › 1996
Metrobank of Philadelphia
Philadelphia, PA · failed March 8, 1996 · FDIC certificate 27525
Metrobank of Philadelphia of Philadelphia, PA failed on March 8, 1996. It opened on June 1, 1989, 6 years before. At its last report before that it held $40.4 million in assets and $39.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1995, it held $47.9 million. The FDIC estimates that the Bank Insurance Fund lost $7.7 million on it.
1989-061995-12
Assets at the end$40.4 millionlast report before March 8, 1996
Deposits at the end$39.2 million
Estimated loss to the fund$7.7 millionBIF
Largest in the quarterly reports$47.9 millionMarch 31, 1995
Equity to assets0.5%December 31, 1995
Loans not being repaid8.0%noncurrent, December 31, 1995
Return on assets-4.71%a year's rate, December 31, 1995
Staff13full time, December 31, 1995
Also ended in 1996
- First NB of the Panhandle · Panhandle, TX · $68.1 million in assets
- Fairfield First Bank & Trust Co · Southport, CT · $57.3 million in assets
- Union Federal Bank, FSB · Los Angeles, CA · $32.6 million in assets
- Peoples Bank and Trust · Borger, TX · $22.7 million in assets
- Commonwealth Thrift and Loan · Torrance, CA · $11.5 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.