Metrobank Federal Savings and Loan Association

Status:Inactive as of 04/10/1992
 Pass Through Receivership Merger
Conservatorship Institution Resolved
Successor Bank:Ocwen Federal Bank FSB
Headquarters:Metrobank Federal Savings and Loan Association
460 Bergen Boulevard
Palisades Park, NJ 07650
Established:06/28/1991
FDIC Insurance:06/28/1991
FDIC Cert:#33448
Charter Class:
Total Assets:$399,939,000
Total Deposits:$242,535,000

History

1991-06-28Institution established: Original name:Metrobank Federal Savings and Loan Association
1991-06-28Acquired Metrobank for Savings FSB (30758) in PALISADES PARK, NJ
1992-04-10Acquired after government financial assistance and subsequently operated as part of First Federal Savings Bank (30028)
1992-04-10Government conservatorship or bridge bank resolved.
1993-06-30Changed name to Berkeley Federal Bank and Trust, F.S.B. (30028)
1993-06-30Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1993-06-30Acquired Berkeley Federal Savings Bank (30178) in MILLBURN, NJ
1995-11-17Moved bank headquarters from PALISADES PARK, NJ to FORT LEE, NJ
1996-10-01Changed name to Ocwen Federal Bank FSB (30028)
2005-06-30Closed voluntarily and liquidated its assets.