METROPOLITAN BANK, N.A. Failed 1992

What happened

METROPOLITAN BANK, N.A. of WASHINGTON, DC was closed on 1992-05-01. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to ADAMS NATIONAL BANK (WASHINGTON, DC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3317

FDIC Certificate

21315

FDIC FIN

4480

Bank name

METROPOLITAN BANK, N.A.

Location

WASHINGTON, DC

Failure date

1992-05-01

FDIC resolution date

1992-05-01

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$2M

Deposits at failure

$27M

Assets at failure

$27M

Acquiring bank

ADAMS NATIONAL BANK (WASHINGTON, DC)