U.S. Securities and Exchange Commission
Washington D.C. 20549
Form 10-QSB


 X  QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
    EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED
    JUNE 30, 1997.


Commission file number:    0-23790
                           -------

MetroBanCorp
----------------------------------------------------------------
(Exact name of small business issuer as specified in its charter)
                                 
Indiana
----------------------------------------------------------------
(State or other jurisdiction of incorporation or  organization)

35-1712167
----------------------------------------------------------------
(I.R.S. employer identification no.)
                                 
10333 N. Meridian Street, Suite 111, Indianapolis, Indiana
----------------------------------------------------------------
(Address of principal executive offices)

46290                                (317) 573-2400
----------------------------         ---------------------------
(Zip code)                           (Issuer's telephone number)

http://www.metb.com
----------------------------------------------------------------
(Issuer's internet website address)


Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the Exchange Act during the past 12 months (or
for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X  No___


State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date: 1,681,291
                                                  ---------

Transitional Small Business Disclosure Format:  Yes__   No  X


PAGE

MetroBanCorp
FORM 10-QSB
Index

PART I. FINANCIAL INFORMATION

   Item 1. Financial Statements

             Consolidated Statement of Condition                 
             June 30, 1997 and December 31, 1996               3     

             Consolidated Statement of Operations         
             Three Months Ended June 30, 1997 and 1996         4

             Consolidated Statement of Operations
             Six Months Ended June 30, 1997 and 1996           5

             Consolidated Statement of Cash Flows
             Six Months Ended June 30, 1997 and 1996           6

             Notes to Consolidated Financial Statements        7

   Item 2. Management's Discussion and Analysis of 
           Finacial Condition and Results of Operations        8



PART II. OTHER INFORMATION                                    13
                                                        
   Item 4. Submission of Matters to a Vote
           of Security Holders                                13

   Item 5. Other Information                                  14
                                                        
   Item 6. Exhibits and Reports on Form 8-K                   14

SIGNATURES                                                    15

EXHIBITS                                                      16
                                                        
page 2
<PAGE>
<TABLE>

MetroBanCorp
Part I - Finanical Information
Item 1. Financial Statements
Consolidated Statement of Condition
(unaudited)
(dollars in thousands)

<CAPTION>
                                                  06/30/97       12/31/96
                                                 ----------     ----------
<S>                                                 <C>            <C>
Assets
  Cash and Due from Banks                         $   6,257      $   7,475
  Federal Funds Sold                                      -          6,300
                                                 ----------     ----------
    Total Cash and Cash Equivalents                   6,257         13,775

  Investment Securities HTM - at Cost                10,015         10,056
  Investment Securities AFS - at Market              19,478         21,160
                                                 ----------     ----------
    Total Investment Securites                       29,493         31,216

  Loans
    Gross Loans                                      74,049         65,385
    Less: Allowance for Loan Losses                    (890)          (866)
                                                 ----------     ----------
      Loans, Net                                     73,159         64,519
  
  Premises and Equipment, Net                         1,612          1,821
  Accrued Interest Receivable                           893            871
  Core Deposit Intangible, Net                          252            322
  Deferred Tax Asset                                    325            360
  Other Assets                                          395            499
                                                 ----------     ----------
    Total Assets                                  $ 112,386      $ 113,383   
                                                 ==========     ==========

Liabilities
  Deposits:
    Non-Interest Bearing Demand                   $  20,854      $  23,141
    Interest Bearing: 
      Savings and Now Accounts                       34,894         35,507
      Time Deposits of $100,000 and Over             12,673         10,800
      Other Time Deposits                            29,903         29,836
                                                 ----------     ----------
        Total Deposits                               98,324         99,284

  Federal Funds Purchased                             1,100              -
  Securities Sold Under Agreements to Repurchase          -          1,500
  Accrued Interest Payable                              501            419
  Other Liabilities                                     791            679
                                                 ----------     ----------
           Total Liabilities                        100,716        101,882
                                                 ----------     ----------

Commitments and Contingencies                             -              -

Shareholders' Equity
  Preferred Stock: 1,000,000 Shares 
        Authorized; None Outstanding                      -              -
  Common Stock: 3,000,000 Shares Authorized; 
        1,681,291 Issued & Outstanding Shares        11,210         11,210
  Accumulated Earnings                                  556            407
  Net Unrealized Loss on Investment 
     Securities AFS                                     (96)          (116)
                                                 ----------     ----------
           Total Shareholders' Equity                11,670         11,501
                                                 ----------     ----------
Total Liabilities and Shareholders' Equity        $ 112,386      $ 113,383
                                                 ==========     ==========
See "Notes to Consolidated Financial Statements"

</TABLE>
Page 3
<PAGE>   
<TABLE>

MetroBanCorp
Part I - Financial Information
Item 1. Financial Statements
Consolidated Statement of Operations
(unaudited)
(dollars in thousands, except share data)

<CAPTION>
                                                    Three Months Ended
                                                 -------------------------
                                                  06/30/97       06/30/96
                                                 ----------     ----------
<S>                                                 <C>            <C>    
Interest Income
   Interest and Fees on Loans                     $   1,789      $   1,509
   Interest on Investment Securities                    406            407
   Interest on Federal Funds Sold                         6             30
                                                 ----------     ----------
      Total Interest Income                           2,201          1,946

Interest Expense 
   Interest on Deposits                                 914            860
   Other Interest Expense                                19              5
                                                 ----------     ----------
      Total Interest Expense                            933            865
                                                 ----------     ----------
      Net Interest Income                             1,268          1,081
                                                 ----------     ----------

   Provision for Loan Loss                               38             17
                                                 ----------     ----------

   Net Interest Income after 
   Provision  for  Loan Loss                          1,230          1,064
                                                 ----------     ----------

Non-Interest Income
   Service Charges on Deposit Accounts                   79             76
   Loss on Sale of Investment Securities                (16)             -
   Other Service Charges, Commissions and Fees          127            118
                                                 ----------     ----------
      Total Non-Interest Income                         190            194

Non-Interest Expense
   Salaries and Employee Benefits                       463            413
   Occupancy Expense                                     86             55
   Equipment Expense                                     99             87
   Advertising and Public Relations                      66             40
   Legal, Professional and Audit Services                53             26
   Data Processing                                       74             60
   Student Loan Servicing Fees                           21             28
   FDIC Insurance Assessment                             20             45
   Amortization of Core Deposit Intangible               35             35
   Other                                                229            207
                                                 ----------     ----------
      Total Non-Interest Expense                      1,146            996

      Income Before Income Taxes                        274            262

      Applicable Income Taxes                           112            118
                                                 ----------     ----------
Net Income                                        $     162      $     144
                                                 ==========     ==========

Net Income per Weighted Average Share             $    0.10      $    0.09

Weighted Average Shares Outstanding               1,681,291      1,681,291

See "Notes to Consolidated Financial Statements"

</TABLE>

page 4
<PAGE>
<TABLE>

MetroBanCorp
Part I - Financial Information
Item 1. Financial Statements
Consolidated Statement of Operations
(unaudited)
(dollars in thousands, except share data)

<CAPTION>
                                                     Six Months Ended
                                                 -------------------------
                                                  06/30/97       06/30/96
                                                 ----------     ----------
<S>                                                 <C>            <C>
Interest Income 
   Interest and Fees on Loans                     $   3,469      $   2,952
   Interest on Investment Securities                    734            781
   Interest on Federal Funds Sold                        10             98
                                                 ----------     ----------
      Total Interest Income                           4,213          3,831

Interest Expense      
   Interest on Deposits                               1,784          1,720
   Other Interest Expense                                28              9
                                                 ----------     ----------
      Total Interest Expense                          1,812          1,729
                                                 ----------     ----------
      Net Interest Income                             2,401          2,102
                                                 ----------     ----------
   
   Provision for Loan Loss                               67             33
                                                 ----------     ----------
      Net Interest Income after 
      Provision  for  Loan Loss                       2,334          2,069
                                                 ----------     ----------

Non-Interest Income              
   Service Charges on Deposit Accounts                  154            149
   Loss on Sale of Investment Securities                (16)           (12)
   Other Service Charges, Commisions and Fees           297            205
                                                 ----------     ----------
                                                        435            342

Non-Interest Expense
   Salaries and Employee Benefits                       921            815
   Occupancy Expense                                    159            109
   Equipment Expense                                    181            160
   Advertising and Public Relations                     118             81
   Legal, Professional and Audit Services                94             45
   Data Processing                                      144            120
   Student Loan Servicing Fees                           43             58
   FDIC Insurance Assessment                             40             82
   Amortization of Core Deposit Intangible               70             70
   Other                                                466            378
                                                 ----------     ----------
      Total Non-Interest Expense                      2,236          1,918
  
      Income before Income Taxes                        533            493

      Applicable Income Taxes                           216            220
                                                 ----------     ----------
Net Income                                        $     317      $     273
                                                 ==========     ==========

Net Income per Weighted Average Share             $    0.19      $    0.16

Weighted Average Shares Outstanding               1,681,291      1,681,291

See "Notes to Consolidated Financial Statements"

</TABLE>
page 5
<PAGE>
<TABLE>


MetroBanCorp
Part I - Financial Information
Item 1. Financial Statements
Consolidated Statement of Cash Flows
(unaudited)
(dollars in thousands)

<CAPTION>
                                                        Six Months Ended
                                                      --------------------
                                                      06/30/97    06/30/96
                                                      --------    --------
<S>                                                      <C>         <C>
Cash Flows from Operating Activities:

Net Income                                            $    317    $    273
Adjustments to Reconcile Net Income to
Cash Provided by Operating Activities:
  Provision for Loan Loss                                   67          33 
  Deferred Income Tax Provision                              -          17
  Depreciation and Amortization                            219         194
  Gain on Sale of Real Estate                              (56)        (35)
  Net Loss on Sale of Securities                            16          12
  (Increase)/Decrease in Accrued Interest Receivable       (22)         35
  Decrease in Other Assets                                 104         123
  Increase/(Decrease) in Accrued Interest Payable           82         (26)
  Increase in Other Liabilities                            112          20
                                                      --------    --------
Total Adjustments                                          522         373
                                                      --------    --------
Net Cash Flows Provided by Operating Activities            839         646
                                                      --------    --------
Cash Flows from Investing Activities:
  Proceeds from Maturities of Investment 
    Securities HTM                                          54       1,184
  Proceeds from Sales of Investment Securities AFS       4,193       2,365
  Purchases of Investment Securities AFS                (2,496)     (5,123)
  Proceeds from the Repayment of Student Loans             975       1,280
  Proceeds from the Sale of Student Loans                3,085           -
  Net Loans made to Customers                          (12,767)     (6,860)
  Purchases of Premises and Equipment                     (334)       (494)
  Proceeds from the Sale of Real Estate                    461         409
                                                      --------    --------
Net Cash Flows Used in Investing Activities             (6,829)     (7,239)   
                                                      --------    --------
Cash Flows from Financing Activities:
  Net Decrease in DDA, NOW and Savings Accounts         (2,900)     (6,230)
  Net Increase in Time Deposits                          1,940       3,009
  Net Increase in Federal Funds Purchased                1,100           -
  Net Securities Sold Under an Agreement to Repurchase  (1,500)     (2,600)
  Payment of Dividends                                    (168)       (168)
                                                      --------    --------
Net Cash Flows Used in Financing Activities             (1,528)     (5,989)
                                                      --------    --------
Net Decrease in Cash and Cash Equivalents               (7,518)    (12,582)

Cash and Cash Equivalents at Beginning of Period        13,775      18,082
                                                      --------    --------
Cash and Cash Equivalents at End of Period            $  6,257    $  5,500
                                                      ========    ========
See "Notes to Consolidated Financial Statements"

</TABLE>
page 6
<PAGE>

                             MetroBanCorp
              Notes to Consolidated Financial Statements

 1.  Basis of Presentation
     ---------------------

     The  consolidated financial statements include  the  accounts  of
     MetroBanCorp and its wholly-owned affiliate, MetroBank (together,
     "Metro").  All significant intercompany transactions and balances
     have been eliminated.

     In the opinion of management of Metro, the consolidated financial
     statements  contain  all  the normal  and  recurring  adjustments
     necessary  to present fairly the consolidated financial condition
     of  Metro  as  of June 30, 1997 and December 31,  1996,  and  the
     results  of  its operations for the three and six  month  periods
     ended June 30, 1997 and 1996 and its statement of cash flows  for
     the six month periods ended June 30, 1997 and 1996.

     These  financial  statements should be read in  conjunction  with
     Metro's  latest Annual Report on Form 10-KSB for the year  ending
     December  31, 1996.

2.   Investments
     -----------

     The  market value and amortized cost of investment securities  of
     Metro as of June  30, 1997 are set forth below:

<TABLE>
<CAPTION>
                                 Market Value    Amortized Cost
                                -------------    --------------
          <S>                     <C>               <C>
          Held to Maturity        $ 9,101,000       $10,015,000              
                                                                      
          Available for Sale       19,478,000        19,589,000              
                                -------------    --------------    
          Total Investments       $28,579,000       $29,604,000              
                                =============    ==============

</TABLE>

3.   Allowance for Loan and Lease Losses
     -----------------------------------

     Metro adopted the provisions of Statement of Financial Accounting
     Standard  No. 114, "Accounting by Creditors for Impairment  of  a
     Loan",  as amended by Statement of Financial Accounting  Standard
     No.  118,  on January 1, 1995.  As of  June 30, 1997,  Metro  had
     investments in loans which are impaired in accordance  with  SFAS
     Nos.  114  and  118 of $87,018. Of this amount,  $75,839  had  no
     related specific allowance.  The remaining impaired loans  had  a
     specific allowance of $11,179.

     Metro's  policy for recognizing income on impaired  loans  is  to
     accrue  earnings until  a loan is classified as non-accrual.  For
     loans which receive the classification of non-accrual during  the
     current  period,  interest accrued to  date  is  charged  against
     current  earnings.   All payments received on  a  loan  which  is
     classified  as  non-accrual are utilized to reduce the  principal
     outstanding.

page 7
<PAGE>

     For the six months ended June 30, 1997, the average balance of
     impaired loans was $40,928.
                                   




           ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
             FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                                   
The   following   management  discussion  is  presented   to   provide
information concerning the consolidated financial condition  of  Metro
as  of June 30, 1997 as compared to December 31, 1996, and the results
of operations for the three and six month periods ending June 30, 1997
and 1996.


FINANCIAL CONDITION
-------------------

At June 30, 1997, Metro had total assets of $112.4 million, a decrease
of  $1.0 million or 0.88 percent from December 31, 1996.

Consolidated earning assets totaled to $103.5 million or 92.1  percent
of total assets at June 30, 1997.  The principal components of earning
assets were gross loans of $74.0 million, constituting 71.5 percent of
total  earning  assets, and investment securities  of  $29.5  million,
constituting 28.5 percent of total earning assets.   Earning assets at
December  31, 1996 were $102.9 million and, as a percentage  of  total
assets, amounted to 90.7 percent.

LOANS
-----

Total gross loans outstanding advanced by $8.7 million or 13.3 percent
from  December 31, 1996 to June 30, 1997, due to an increase in short-
term  and  intermediate-term commercial and  installment  loans.   The
demand for credit financing has been relatively strong throughout  the
first  two quarters of 1997.  Metro's loan growth is also attributable
to  the  continued  business development efforts  of  Metro's  lending
staff,  the  addition of one lender and the expanded indirect  lending
relationships  with  local  home  improvement  and  automobile   sales
companies.  The  recent  growth in the loan portfolio  is  diversified
among   several   industry  classifications.   The   following   table
summarizes  the  change in Metro's loan portfolio for  the  first  six
months of 1997:

page 8
<PAGE>
<TABLE>

Loan Portfolio at Period End
(dollars in thousands)
                                                                     
<CAPTION>                                                                    
                                                     Dollar   Percent
                            06/30/97    12/31/96     Change    Change
                            --------    --------     ------    ------           
<S>                          <C>         <C>         <C>       <C>
Commercial                   $44,666     $35,064     $9,602     27.4%
Real Estate - Construction     4,022       3,970         52      1.3%
Mortgage                       1,074         787        287     36.5%
Installment                   18,716      15,933      2,783     17.5%
Student Loans                  5,571       9,631     (4,060)   (42.2%)
                            --------    --------     ------    ------          
 Total Loans                 $74,049     $65,385      8,664     13.3%
                                                                     
Less:                                                                
Allowance for Loan Losses       (890)       (866)       (24)     2.8%
                            --------    --------     ------    ------
 Net Loans                   $73,159     $64,519     $8,640     13.4%
                            ========    ========     ======    ======

</TABLE>

During  the  second  quarter of 1997, Metro sold $3.1  million  or  32
percent  of its  current  guaranteed  student loan  portfolio  for two
reasons:  funding higher yielding commercial and installment loans and
meeting the liquidity needs of Metro.

During  the first six months of 1997, Metro's mortgage loan  portfolio
increased  $287,000 or 36.5  percent  from  year  end  1996.  This  is
principally  due to  an increase  of mortgage  loans held for sale  at
the  end  of the second quarter.  At June 30, 1997, the mortgage  loan
portfolio included approximately $363,000, or 34 percent of the  total
mortgage  loan  portfolio, were mortgage loans held for  sale.   These
loans  will be sold in the secondary market early in the third quarter
1997.

At June 30, 1997, net loans totaled to 65.1 percent of total assets as
compared  to 56.9 percent at year end 1996.  Metro's loan  to  deposit
ratio,  which is one measure of liquidity, was 74.4 percent  at   June
30, 1997, as compared to 65.0 percent at year end 1996.

Delinquent loans at June 30, 1997 were $1.2 million, representing  1.7
percent  of  total  loans.   At December 31,  1996,  delinquent  loans
amounted  to  $1.3 million or 2.0 percent of total loans  outstanding.
Delinquent loans in both periods consisted primarily of student  loans
guaranteed by USA Funds, Inc., a subsidiary of USA Group,  Inc.   Non-
accruing  loans  at June 30, 1997 amounted to $87,018 as  compared  to
$157,443  at  December  31, 1996. Net charged-off  loans  amounted  to
$43,332 for the six months ending June 30, 1997.

page 9
<PAGE>

At  June  30,  1997 and December 31, 1996, Metro had an allowance  for
loan  losses of  $890,000 and $866,000, respectively.  The  percentage
of  allowance for  loan losses to total loans amounted to 1.20 percent
and 1.32 percent at June 30, 1997 and December 31, 1996, respectively.
Metro provides for possible loan losses through regular provisions  to
the  allowance for loan losses.  The provisions are made  at  a  level
which is considered necessary by management to absorb estimated losses
in  the loan portfolio and is based upon an assessment of the adequacy
of Metro's loan loss reserve account.

<TABLE>
Allowance for Loan Losses
Six Months ended June 30, 1997 and 1996
(dollars in thousands)
<CAPTION>
                                      1997           1996
                                     ------         ------
<S>                                    <C>            <C> 
Allowance for Loan Losses, January 1   $866           $910
                                                         
Loans Charged-Off:                                       
     Commercial                           -            (46)
     Real Estate                          -              -
     Mortgage                             -              -
     Installment                        (50)            (8)
     Student Loans                        -              -
                                     ------         ------          
Total Charged-Off Loans                 (50)           (54)
                                     ------         ------ 
Recoveries on Charged-Off Loans:
     Commercial                           5              1
     Real Estate                          -              -
     Mortgage                             -              -
     Installment                          2              2
     Student Loans                        -              -
                                     ------         ------ 
Total Recoveries                          7              3
                                     ------         ------                    
Net Charged-Off Loans                   (43)           (51)
                                     ------         ------
Provision for Loan Loss                  67             33
                                     ------         ------
Allowance for Loan Losses, June 30     $890           $892
                                     ======         ======
Average Loans Outstanding           $70,159        $62,275
                                     ======         ======
Net Charged-Off Loans 
         to Average Loans              .06%           .08%
                                     ======         ======
</TABLE>
page 10
<PAGE>

INVESTMENT SECURITIES
---------------------

Total  investments at June 30, 1997 were $29.5 million, decreasing  by
$1.7 million or 5.5 percent from the total at December 31, 1996.  This
decrease  is primarily due to principal payments received on mortgage-
backed securities.


DEPOSITS
--------

Total  deposits  at  June  30,  1997 amounted  to  $98.3  million,  in
comparison  to  $99.3  million at December 31,  1996,  representing  a
decrease of $1.0 million or 1.0 percent. Since December 31, 1996, non-
interest  bearing demand deposits decreased by $2.3  million  or  10.0
percent.    This  decrease  in  demand  deposits  relates  to   timing
differences between deposits and withdrawals.   The Metro historically
experiences a build up of deposits during the fourth quarter, followed
by  a decline during the following three quarters.   In the first  six
months of 1997, interest bearing deposits increased by $1.3 million or
1.7 percent.


OTHER LIABILITIES
-----------------

Short-term  borrowings,  which include  federal  funds  purchased  and
securities sold under an agreement to repurchase,  decreased a net  of
$400,000  at  December 31, 1996 to June 30, 1997.   Other  liabilities
increased  to  $791,000  from $679,000 at December  31,  1996.   Total
liabilities decreased by $1.2 million or 1.1 percent to $100.7 million
since December 31, 1996.


CAPITAL
-------

Metro's  total  capital increased by a net amount of $169,000  or  1.5
percent during the first six months of 1997.  Metro's earnings in  the
first six months of 1997 totaled $317,000.  The net unrealized loss on
investment securities available for sale amounted to $96,000  at  June
30,  1997,  decreasing by  $20,000 or 17.2 percent since December  31,
1996.  In 1997, Metro's Board of Directors declared two quarterly cash
dividends of $.05 per common share each.  Metro's cash dividend payout
amounted to $168,130 and disbursements were made in March and June  of
1997.


Metro  is  subject  to  various capital requirements  imposed  by  the
federal  banking  agencies.   Quantitative  measures  established   by
regulation  to  ensure  capital adequacy  require  Metro  to  maintain
minimum amounts and ratios of total Tier 1 capital (as defined in  the
regulations)  to risk-weighted assets, and Tier 1 capital  to  average
assets.  Management believes that as of June 30, 1997, Metro meets all
capital  adequacy requirements to which it is subject.  The  following
table  sets forth the actual and minimum capital amount and ratios  of
Metro and MetroBank as of June 30, 1997 (dollars in thousands):

page 11
<PAGE>
<TABLE>
<CAPTION>
                                                      To Be  Well Capitalized
                                                      Under Prompt Corrective 
                                    Actual               Action Provisions
                              -------------------     -----------------------
                               Amount      Ratio       Amount          Ratio
                              --------   --------     --------       --------
<S>                           <C>        <C>          <C>            <C>
Total Capital  
(to Risk Weighted Assets)

Consolidated                   $12,467     16.18%     > $7,696       > 10.00%
MetroBank                      $ 9,017     11.81%     > $7,628       > 10.00%

Tier 1 Capital  
(to Risk Weighted Assets)

Consolidated                  $11,505      14.95%     > $4,618      >   6.00%
MetroBank                     $ 8,064      10.57%     > $4,577      >   6.00%

Tier 1 Capital 
(to Average Assets)

Consolidated                  $11,505      10.57%     > $5,441      >   5.00%
MetroBank                     $ 8,064       7.64%     > $5,279      >   5.00%

</TABLE>


As  of  December 31, 1996, the most recent notification from the  FDIC
categorized Metro as "well capitalized" under its regulatory framework
for   prompt   corrective  action.   To  be   categorized   as   "well
capitalized", Metro must maintain minimum total risk-weighted capital,
Tier  1 capital and leverage ratios as set forth in the table.   There
are  no conditions or events since this most recent notification  that
management  believes  have  changed  Metro's  or  MetroBank's  capital
category.


RESULTS OF OPERATIONS
---------------------

NET INTEREST INCOME
-------------------

Net interest income  after provision for loan losses was $2.3  million
for  the six months ending June 30, 1997, compared to $2.1 million for
the comparable  period  of 1996, an increase  of  12.8  percent.   Net
interest  income  increased principally due  to  growth  in  the  loan
portfolio  for  the first six months of 1997.  Metro's  provision  for
loan loss expense was $67,000 for the six month period ending June 30,
1997,  compared  to $33,000 for the same period in 1996.  The increase
in the provision for loan loss is a result of the  increased growth in
the  installment  and  commercial  loan  categories.   The  provisions
are made at  levels  considered  necessary  by  management  to  absorb
estimated losses in the loan portfolio and is based upon an assessment
of the adequacy of Metro's loan loss reserve account.

page 12
<PAGE>

NON-INTEREST EXPENSE
--------------------

Non-interest  expense amounted to $2.2 million for six  months  ending
June  30, 1997, compared to $1.9 million for the same period in  1996,
an  increase  of  $318,000  or 16.6 percent.   This  increase  is  due
principally to the recognition of increased overhead expense  incurred
with the opening of MetroBank's fifth branch banking facility and  the
deployment of four off-site automated teller machines during the first
quarter of 1997.


NET INCOME
----------

Metro  recognized  net  income of $317,000 for the  six  month  period
ending  June  30, 1997, compared to $273,000 for the same  period  one
year earlier, an increase of $44,000 or 16.1 percent.



PART II-OTHER INFORMATION
-------------------------

Item 4.  Submission of Matters to a Vote of Security Holders
------------------------------------------------------------

(a)   Metro held its annual meeting of shareholders on April 24, 1997.

(c)(i)    At  the annual meeting, Metro's  shareholders  elected  ten
          directors  to serve  until the  next  annual meeting of the
          shareholders and  until  their successors are duly elected,
          qualified  and serving.  The  votes cast for the  directors
          at the annual  meeting  were  as follows:
                                                                 
<TABLE>                                                           
<CAPTION>
                                                   Number of Votes
                                          --------------------------------
              Director's Name                For      Withheld   Abstained    
         -------------------------        ---------   --------   ---------
         <S>                             <C>          <C>         <C>
         Chris G. Batalis                 1,561,190    113,251     6,850    
         Ike G. Batalis                   1,561,690    112,751     6,850    
         Terry L. Eaton                   1,561,490    112,951     6,850    
         Evans M. Harrell                 1,562,090    112,351     6,850    
         Robert L. Lauth, Jr.             1,561,590    112,851     6,850    
         Edward G. McMahon                1,561,790    112,151     7,350    
         Larry E. Reed                    1,562,090    112,351     6,850    
         R. D. "Rusty" Richardson         1,561,590    112,851     6,850    
         Edward R. Schmidt                1,561,790    112,651     6,850    
         Donald F. Walter                 1,561,990    112,451     6,850    
         -------------------------        ---------    -------   ---------

</TABLE>
page 13
<PAGE>

(ii)   At  the  annual  meeting, Metro's  shareholders  ratified  the
       appointment  of Arthur Andersen,  LLP, Indianapolis,  Indiana,
       as independent  public  accountants for the fiscal year ending
       December 31, 1997, upon the following vote:

       For: 1,677,541          Against: 1,900        Abstained: 1,850
            ---------                   -----                   -----

(iii)  At  the   annual  meeting,  Metro's shareholders  approved  an
       amendment   to the  1994   Directors'  Stock  Option  Plan  of
       MetroBanCorp to reserve an additional 177,500 shares of common
       stock for issuance under  the  Plan,  and  to allow members of
       the Board of  Directors  of MetroBank  to  participate in  the
       Plan  and  (iii)  allow  for  the  limited  transferability of
       options issued under the Plan.

       For: 1,652,191         Against: 21,000        Abstained: 8,100
            ---------                  ------                  ------

Item 5.  Other Information
--------------------------

During  the  second  quarter  of 1997, MetroBank  received  regulatory
approval  to  establish  a  branch banking facility  in  the  Wal-Mart
Supercenter currently under construction in Noblesville, Indiana. This
new  facility  is  expected  to  open  in the first quarter  of  1998.
Development  of  the Wal-Mart Supercenter is part  of  the  continuing
commercial  expansion  of Noblesville's east side.    The  new  branch
office  will  provide  greater convenience and accessibility  for  the
Metro's current, as well as and potential new customers.


Item 6.  Exhibits and Reports on Form 8-K
----------------------------------------- 
 
(a) Exhibits:

      Exhibit 10     Amendment One to the 1994 Directors' Stock Option
                     Plan of MetroBanCorp dated April 24, 1997

      Exhibit 27     Financial Data Schedule


(b) No reports on Form 8-K were filed during the quarter ended 
    June 30, 1997.

page 14
<PAGE>

                           SIGNATURES


In  accordance with the requirements of the Securities Exchange Act of
1934,  as  amended, the Registrant has duly caused this report  to  be
signed on its behalf by the undersigned, thereunto duly authorized.


                                        METROBANCORP
                                        (Registrant)



August 11, 1997                           By: /S/  IKE G. BATALIS
                                             --------------------       
                                             Ike G. Batalis
                                             Chairman and
                                             President (Principal
                                             Executive Officer)



August 11, 1997                           By: /S/ CHARLES V. TUREAN
                                             ----------------------
                                             Charles V. Turean
                                             Executive Vice President
                                             (Principal Financial and
                                             Accounting Officer)

page 15
<PAGE>