On February 2, 2007, Metropolitan Savings Bank,
Pittsburgh, PA was closed by the State of Pennsylvania, Department of Banking, and the Federal Deposit Insurance Corporation (FDIC) was
named Receiver. As Receiver, the FDIC is charged with winding up the business affairs of the failed financial institution. This includes the disposition of assets and liabilities of the failed financial institution and payment of dividends to approved creditors in order of priority.
The FDIC, as Receiver, as taken all necessary actions to conclude the affairs of the failed financial institution, made all dividend distributions as required by law and the receivership estate is deemed terminated.
All insured deposit accounts have been transferred to Allegheny Valley Bank of Pittsburgh, PA ("assuming institution") and will be available immediately. Your bank will re-open during regular business hours at the former Metropolitan Savings Bank.
You may contact Allegheny Valley Bank of Pittsburgh at:
Allegheny Valley Bank of Pittsburgh
5137 Butler Street
Pittsburgh, PA 15201
For general questions about FDIC deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.
- FDIC's Electronic Deposit Insurance Estimator