Bank failure · DC

Metropolitan Bank, N.A. (Washington, DC) — failed May 1, 1992

Metropolitan Bank, N.A. of Washington, District of Columbia was closed on May 1, 1992 and resolved through a insured deposit transfer. Adams National Bank (DC) took over its insured deposits. At failure it held $27.1M in assets and $27.1M in deposits. The FDIC's estimated loss on the failure is $2.2M (8.3% of assets).