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METRO FINANCIAL CORPORATION SECOND QUARTER RESULTS

 ATLANTA, July 15 /PRNewswire/ -- Metro Financial Corporation (NASDAQ-NMS: MFIN), the parent company of Metro Bank of Atlanta, reported net income of $383,885, or $.31 per share, for the second quarter of 1993, up from $246,895, or $.21 per share, for the second quarter of 1992. The principal reasons for the increase in earnings include increased net interest income, increased noninterest income and decreased provision for loan losses.
 For the first six months, net income was $685,624, or $.56 per share, up from $371,187, or $.31 per share, last year.
 At June 30, 1993, non-performing assets were $1,231,000, or 1.28 percent of total loans and real estate owned, compared to $1,285,000, or 1.27 percent of total loans and real estate owned at the prior quarter end. The company set aside $75,000 in the second quarter to cover possible loan losses, compared to $263,986 for the same period in 1992.
 As of June 30, 1993, Metro had total assets of $149.4 million, up from $126.5 million a year earlier. Metro Bank is headquartered in Sandy Springs with an office in Buckhead.
 Metro's stock is listed on the Nasdaq National Market System under the symbol MFIN.
 -0- 7/15/93
 /CONTACT: Dede Bowles of Metro Financial Corporation, 404-255-8550/
 (MFIN)


CO: Metro Financial Corporation ST: Georgia IN: FIN SU: ERN

TW-KD -- DC035 -- 2193 07/15/93 16:37 EDT
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Publication:PR Newswire
Date:Jul 15, 1993
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