# METROBANK OF PHILADELPHIA

> **Failed bank** · PHILADELPHIA, PA · failed 1996-03-08 · National commercial bank (OCC-chartered) · FDIC cost $8M

## What happened

METROBANK OF PHILADELPHIA of PHILADELPHIA, PA was closed by the OCC on **1996-03-08**. The FDIC was named receiver.

**Resolution:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to **JEFFERSON BANK** (HAVERFORD, PA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3506
- **FDIC Certificate:** 27525
- **FDIC FIN:** 4625
- **Bank name:** METROBANK OF PHILADELPHIA
- **Location:** PHILADELPHIA, PA
- **Failure date:** 1996-03-08
- **FDIC resolution date:** 1996-03-08
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $39M
- **Assets at failure:** $40M
- **Acquiring bank:** JEFFERSON BANK (HAVERFORD, PA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, METROBANK OF PHILADELPHIA (FDIC ID 3506), failed 1996-03-08. Retrieved via AI Analytics 2026-07-17 from https://api.ai-analytics.org/failed-bank/3506.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*