Metropolitan Financial Corporation

Ticker: METF		6001 Landerhaven Drive
Exchange: NASDAQ-National Market		Mayfield Heights, Ohio 44124
Industry: Financial		(216) 646-1111

Type of Shares:	Common Shares	Filing Date:	9/20/96
U.S. Shares:	700,000	Offer Date:	10/29/96
Non-U.S. Shares:	0	Filing Range:	$9.00 - $11.00
Primary Shares:	400,000	Offer Price:	$10.00
Secondary Shares:	300,000	Gross Spread:	$0.70
Offering Amount:	$7,000,000	Selling:	$0.40
Expenses:	$325,000	Reallowance:	$0.10
Shares Out After:	3,525,635

Manager	Tier	Phone
McDonald & Company Securities, Inc.	Lead Manager	(216) 443-2300

Auditor: Crowe, Chizek and Company
	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	12/31/95	6/30/96	6/30/95		6/30/96
Revenue:	$45.76	$26.37	$21.83	Assets:	$672.79
Net Income:	$3.54	$1.58	$1.68	Liabilities:	$646.17
EPS:	$1.13	$0.51	$0.54	Equity:	$26.61
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

Metropolitan is the holding company for Metropolitan Savings Bank of Cleveland, an Ohio chartered stock savings association headquartered in Mayfield Heights, Ohio. Metropolitan had total assets of $672.8 million at June 39, 1996. The bank operates 14 full service retail offices serving primarily the eastern suburbs of Cleveland, Ohio and is the sixth largest savings association headquarted in Ohio. The bank's deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation. Metropolitan is wholly-owned by Robert M. Kaye, the Selling Shareholder. IN recent years, Metropolitan has pursued a strategy of maximizing long term profitability by pursuing balance sheet growth designed to enhance the franchise value of the Bank, its primary operating subsidiary.

Use of Proceeds

The proceeds from the proposed offering will be contributed as paid-in-capital to the company's bank.

Last updated: 11/27/96