Bank failure · MI
Metropolitan Sa (Farmington, MI) — failed February 12, 1983
Metropolitan Sa of Farmington, Michigan was closed on February 12, 1983 and resolved through a a/a. Empire of America, Fsa (NY) took over its insured deposits. At failure it held $395.9M in assets and $254.0M in deposits. The FDIC's estimated loss on the failure is $1.5M (0.4% of assets).
- Closing date
- February 12, 1983
- FDIC certificate #
- 30558
- Resolution
- A/A (assistance)
- Acquiring institution
- Empire of America, Fsa
- Insurance fund
- FSLIC
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