Printer Friendly

METROPOLITAN SAVINGS TO OPEN TWO NEW BRANCHES OCT. 25 IN AUBURN AND LAKEWOOD

 SEATTLE, Sept. 30 /PRNewswire/ -- Metropolitan Bancorp. (NASDAQ: MSEA) announced today that its subsidiary, Metropolitan Savings, plans to open two full-service offices on Oct. 25. The branches will be located in Lakewood, a suburb of Tacoma, Wash., and in Auburn, south of Seattle.
 In Lakewood, the company is acquiring the deposits of Home Savings of America, FSB, currently located on Gravelly Lake Drive in Tacoma. The accounts will be moved to the Association's newly acquired branch located at 9919 Bridgeport Way S.W. in Tacoma. This will be Metropolitan's second office in Pierce County, having acquired a branch in downtown Tacoma in June 1992.
 Metropolitan will also be opening a branch at 55 "A" St. S.E. in Auburn. This will be the company's first facility in the Auburn area.
 Patrick F. Patrick, Metropolitan's president and chief executive officer, said, "We have long desired to expand the company's presence in the markets of South King and Pierce counties. These areas are among the fastest growing in the Puget Sound region and represent exceptional opportunities for our Association.
 "We look forward to becoming an active participant in these two communities," Patrick said.
 With the above two offices, Metropolitan Savings will have nine branches in the Puget Sound region. The company will be expanding to 11 full-service offices soon with openings planned for December 1993 and January 1994. The Association also operates loan offices in Mount Vernon and Oak Harbor under the name of Jacobsen Mortgage Services.
 Metropolitan Bancorp is a savings and loan holding company formed in July 1993. Its principal subsidiary, Metropolitan Savings, is an FDIC- insured, federally chartered savings and loan organized in 1935 with offices serving the greater Puget Sound area.
 -0- 9/30/93
 /CONTACT: Suzanne Tessaro of Metropolitan Savings, 206-654-7826/
 (MSEA)


CO: Metropolitan Savings ST: Washington IN: FIN SU:

RB-JH -- SE013 -- 7570 09/30/93 19:14 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 30, 1993
Words:311
Previous Article:J.A. INDUSTRIES INC. COMPLETES PURCHASE OF HUTRONIX INC.
Next Article:PHOENIX NETWORK ACHIEVES RECORD AUGUST REVENUES
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters