METROPOLITAN SAVINGS BANK Failed 2007
What happened
METROPOLITAN SAVINGS BANK of PITTSBURGH, PA was closed on 2007-02-02. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to ALLEGHENY VALLEY BANK OF PITTSBURGH (PITTSBURGH, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3553
- FDIC Certificate
- 35353
- FDIC FIN
- 10000
- Bank name
- METROPOLITAN SAVINGS BANK
- Location
- PITTSBURGH, PA
- Failure date
- 2007-02-02
- FDIC resolution date
- 2007-02-02
- Charter type
- SI
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $9M
- Deposits at failure
- $15M
- Assets at failure
- $16M
- Acquiring bank
- ALLEGHENY VALLEY BANK OF PITTSBURGH (PITTSBURGH, PA)