# METROBANK FS & LA

> **Failed bank** · PALISADES PARK, NJ · failed 1991-06-28 · Savings bank · FDIC cost $146M

## What happened

METROBANK FS & LA of PALISADES PARK, NJ was closed by state regulators on **1991-06-28**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST FSB OF DE** (WILMINGTON, DE). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3135
- **FDIC Certificate:** 30758
- **FDIC FIN:** 1211
- **Bank name:** METROBANK FS & LA
- **Location:** PALISADES PARK, NJ
- **Failure date:** 1991-06-28
- **FDIC resolution date:** 1992-04-10
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $146M
- **Deposits at failure:** $350M
- **Assets at failure:** $474M
- **Acquiring bank:** FIRST FSB OF DE (WILMINGTON, DE)

## Other banks FIRST FSB OF DE has acquired in FDIC resolutions

- REPUBLIC SB, FSB (ROCKVILLE, MD) — failed 1991-03-22 — /failed-bank/3053
- ACTION FEDERAL SAVINGS (SOMMERS POINT, NJ) — failed 1990-11-15 — /failed-bank/2939

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=METROBANK%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, METROBANK FS & LA (FDIC ID 3135), failed 1991-06-28. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3135.

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