3 star ratingAverage User Rating:
3 star rating based on 5 reviews.

Metro Bank

Metro Bank Locations
1249 Market St
Lemoyne, PA 17043
888.937.0004
www.mymetrobank.com

FDIC


Metro Bank is headquartered in Lemoyne and is the 13st largest bank in the state of Pennsylvania. It is also the 281st largest bank in the nation. It was established in 1985 and as of December of 2012, it had grown to 874 employees at 33 locations. Metro Bank has a 5-star health rating.



See Rates for: Checking | Savings | Money Market | CD | IRA

Metro Bank Checking Account Rates

ApyMinMaxProduct
0.25%$250k-Premium Checking
0.15%$1k-Interest Checking
0.15%--50 Plus Checking
0.15%$1k-Business Interest Checking

Metro Bank Savings Account Rates

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0.55%$250k-Premier Savings
0.20%$100-Statement Savings
0.20%--Young Savers
0.20%$100-IRA Add-On Account
0.20%--Auto Deduction Holiday Club
0.20%--Coupon Book Holiday Club
0.20%$100-CESA Add-On Account
0.20%$100-Roth IRA Add-On Account
0.10%$100-Passbook Savings

Metro Bank Money Market Rates

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0.35%$25k-Premier Money Market
0.20%$1k-Money Market

Metro Bank CD Rates

ApyMinMaxProduct
1.00%$500-60 Month CD
0.90%$500-48 Month CD
0.75%$25k-5 Year Access CD
0.70%$25k-4 Year Access CD
0.60%$500-36 Month CD
0.50%$25k-3 Year Access CD
0.40%$500-24 Month CD
0.40%$100k-2 Year Jumbo CD
0.35%$500-18 Month CD
0.30%$500-12 Month CD
0.30%$100k-1 Year Jumbo CD
0.30%$500-2 Year Bump Up CD
0.30%$500-2 Year Growth CD
0.25%$500-6 Month CD
0.25%$100k-180 to 364 Day Jumbo CD
0.20%$500-3 Month CD
0.20%$100k-90 to 179 Day Jumbo CD
0.15%$100k-30 to 89 Day Jumbo CD
0.10%$100k-20 Day Jumbo CD

Metro Bank IRA Rates

ApyMinMaxProduct
1.00%$250-60 Month IRA
1.00%$250-60 Month Roth IRA
1.00%$250-60 Month CESA
0.90%$250-48 Month IRA
0.90%$250-48 Month Roth IRA
0.90%$250-48 Month CESA
0.60%$250-36 Month IRA
0.60%$250-36 Month Roth IRA
0.60%$250-36 Month CESA
0.45%$250-30 Month IRA
0.45%$250-30 Month Roth IRA
0.45%$250-30 Month CESA
0.40%$250-24 Month IRA
0.40%$250-24 Month Roth IRA
0.40%$250-24 Month CESA
0.35%$250-18 Month IRA
0.35%$250-18 Month Roth IRA
0.35%$250-18 Month CESA
0.30%$250-12 Month IRA
0.30%$250-12 Month Roth IRA
0.30%$250-12 Month CESA
0.25%$250-6 Month IRA
0.25%$250-6 Month Roth IRA
0.25%$250-6 Month CESA

Rates updated: 5/23/2013

Data for Q4 2012


Institution Statistics


Metro Bank
FDIC Certificate #26255
BankRate ReportView
Year Established1985
Employees874
Primary RegulatorFDIC

Assets and Liabilities

Assets$2.64 billion
Loans$1.52 billion
Deposits$2.24 billion
Equity Capital$239.31 million
Loan Loss Allowance$25.28 million
Unbacked Noncurrent Loans$31.35 million
Real Estate Owned$2.47 million

Historic Data - December 2011

Assets$2.42 billion
Equity Capital$221.58 million
Loan Loss Allowance$21.62 million
Unbacked Noncurrent Loans$33.80 million
Real Estate Owned$4.86 million

Profit Margin - Quarterly

Net Interest Margin3.91%
Return on Assets0.53%
Return on Equity5.7%
Interest Income$99.39 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Metro Bank had $33.81 million in non-current loans and owned real-estate with $264.59 million in equity and loan loss allowances on hand to cover it. This gives Metro Bank a Texas Ratio of 12.78% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Metro Bank decreased slightly from 15.78% as of December 31, 2011 to 12.78% as of December 31, 2012, resulting in a positive change of 19.04%.This indicates that the balance sheet and financial strength for Metro Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, Metro Bank has increased its total deposits by $153.33 million, resulting in 7.33% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Metro Bank has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Metro Bank has $2.64 billion in assets with $264.59 million in equity, resulting in a capitalization level of 10.04%, which is above average.
Write Review

They're Great... Until You Have A Problem.
1 stars - rhysmom - Thursday, August 30, 2012 - 3:40 PM

I have used Metro Bank for over a year now. It seemed great, longer business hours than the other surrounding banks, they promised to make my paychecks available immediately (I don't have direct deposit) and a nice professional looking place. All went pretty well for most of the year but in the past month they seem to have lost all ability to handle my money. All of a sudden they were having trouble with my paychecks going through correctly and it seemed like I had constant issues. No one was helpful in resolving the issues. My most recent issue is they released funds for a check I deposited, but then (half a day later, after I made payments with it) they decided that they needed to take that money back and put a longer hold on it. I called them to see what was up and all the way up through the manager, no one cared and would not even take any responsibiity for the mistake. As soon as it is all cleared up I will be closing my account with them and going elsewhere.

2

Crooks-Like Every Other Retail Bank.
1 stars - tke4 - Saturday, March 2, 2013 - 10:40 AM

This bank is horrible! Arrogant managers thar really have no decision making power.  Like most retail banks they are cheating the "everyday customer" out of billions of dollars in NSF, Unavailable funds fees. If there is an issue with your account they will be sure to process the largest check amount first to ensure they can steal as much money from you as possible. WAKE UP AMERICA! Every time you get ****ed make a stink about it.  Don't feel embarrsed as the banks should be emabarrased.  HOUND THE POLITICIANS TO GET OFF THEIR COLLECTIVE A$$#S and to something for a change! Crooked industry that operates in towns and cities all over America like they're an upstanding and above board business all the while cheating consumers at every turn. METRO BANK IS NO DIFFERENT - probably one of the worst!

1

Great Bank! Open All The Time. It Feels Great Not Banking With A "Top 5 Bailout Bank" Anymore.
5 stars - JimHicks - Saturday, November 24, 2012 - 12:08 PM

Great Bank! Open all the time.  It feels great not banking with a "top 5 bailout bank" anymore.

1

The Best Bank
5 stars - roland - Friday, June 3, 2011 - 10:04 AM

I have been a member of metro bank for more than 10 years. They used to be called commerce bank but are now metro bank and have been for nearly 2 years I would say. Regardless of the name change the same great service has been given since the switch. They have great hours. They are open late every night of the week and saturdays atleast through the drive through and are open for a few hours on sundays. They also have free checking accounts that are really FREE! Everytime I have had a problem they have always resolved it for me. I have never really had any bad experiences at this bank and I would recommend it to anyone.

1

Metro Bank Is Pretty Good.
3 stars - lovebuzzz215 - Friday, May 13, 2011 - 12:40 PM

I used to have problems with this bank years ago when it was called Commerce Bank. They would always have issues depositing my checks on time and I would be without money for days on end after getting paid from my job. I ended up closiing the account and going to another bank. Then, two years ago, I opened up another account with them becuase that is who my employer's checks were through. I also had problems in the beginning with this account. There was a time when I went to the teller inside to withdraw money. I put in a withdraw slip for $100 and instead of validating it for the $100, they validated it for $140 and took $140 out of my account. Then when I tried to pay a bill I was forty dollars short of my account and could not figure out why. It took going to several branches asking for help from about 8 different employees until the one girl actually sat down and figured it out by looking at the images of the withdraw slip they had in the computer system. Other than that, I have not had any problems with the bank. They keep my account open now even though I only ever have $5 or less in it.

1