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
   SEPTEMBER 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 Shares of Common Stock
--------------------------------

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
           September 30, 1997 and December 31, 1996            3

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

           Consolidated Statement of Operations
           Nine Months Ended September 30, 1997 and 1996       5

           Consolidated Statement of Cash Flows
           Nine Months Ended September 30, 1997 and 1996       6

           Notes to Consolidated Financial Statements          7

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


PART II. OTHER INFORMATION                                    13

  Item 6.  Exhibits and Reports on Form 8-K                   13


SIGNATURES                                                    15


EXHIBITS                                                      16

page 2
<PAGE>
<TABLE>

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

<CAPTION>
                                                     09/30/97       09/30/96
                                                    ----------     ----------
<S>                                                    <C>            <C>
Assets
  Cash and Due from Banks                            $   7,573      $   7,475
  Federal Funds Sold                                     4,800          6,300
                                                    ----------     ----------
    Total Cash and Cash Equivalents                     12,373         13,775

  Investment Securities HTM - at Cost                   10,017         10,056
  Investment Securities AFS - at Market                 18,839         21,160
                                                    ----------     ----------
    Total Investment Securities                         28,856         31,216

  Loans:
    Gross Loans                                         76,024         65,385
    Less: Allowance for Loan Losses                       (929)          (866)
                                                    ----------     ----------
      Loans, Net                                        75,095         64,519

  Premises and Equipment, Net                            1,545          1,821
  Accrued Interest Receivable                              867            871
  Core Deposit Intangible, Net                             217            322
  Deferred Tax Asset                                       262            360
  Other Assets                                             415            499
                                                    ----------     ----------
       Total Assets                                  $ 119,630      $ 113,383
                                                    ==========     ==========
Liabilities
  Deposits:
    Non-Interest Bearing Demand                      $  21,493      $  23,141
    Interest Bearing:
        Savings and NOW Accounts                        40,505         35,507
        Time Deposits of $100,000 and over              14,280         10,800
        Other Time Deposits                             29,952         29,836
                                                    ----------     ----------
    Total Deposits                                     106,230         99,284
    
  Securities Sold Under Agreements to Repurchase             -          1,500
  Accrued Interest Payable                                 571            419
  Other Liabilities                                        941            679
                                                    ----------     ----------
       Total Liabilities                               107,742        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 Shares Issued and Outstanding        11,210         11,210
  Accumulated Earnings                                     688            407
  Net Unrealized Loss on Investment Securities AFS         (10)          (116)
                                                    ----------     ----------
        Total Shareholders' Equity                      11,888         11,501
                                                    ----------     ----------
Total Liabilities and Shareholders' Equity           $ 119,630      $ 113,383
                                                    ==========     ==========
See "Notes to Consolidated Financial Statements"

</TABLE>
page 3
<PAGE>
<TABLE>

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

<CAPTION>
                                                        Three Months Ended
                                                    -------------------------
                                                     09/30/97       09/30/96
                                                    ----------     ----------
<S>                                                    <C>            <C>
Interest Income
    Interest and Fees on Loans                       $   1,850      $   1,600
    Interest on Investment Securities                      392            413
    Interest on Federal Funds Sold                          29              4
                                                    ----------     ----------
        Total Interest Income                            2,271          2,017

Interest Expense 
    Interest on Deposits                                   971            882
    Other Interest Expense                                   4              8
                                                    ----------     ----------
        Total Interest Expense                             975            890
                                                    ----------     ----------
        Net Interest Income                              1,296          1,127
                                                    ----------     ----------
 
    Provision for Loan Losses                               45             16
                                                    ----------     ----------
        Net Interest Income after
        Provision for Loan Losses                        1,251          1,111
                                                    ----------     ----------

Non-Interest Income
    Service Charges on Deposit Accounts                     79             77
    Gain on Sale of Investment Securities                    1              -
    Other Service Charges, Commissions and Fees            136             84
                                                    ----------     ----------
        Total Non-Interest Income                          216            161

Non-Interest Expense      
    Salaries and Employee Benefits                         466            403
    Occupancy Expense                                       88             63
    Equipment Expense                                       91             80
    Advertising and Public Relations                        59             46
    Legal, Professional and Audit Services                  41             36
    Data Processing                                         69             49
    Student Loan Servicing Fees                             13             28
    FDIC Insurance Assessment                                8            105
    Amortization of Core Deposit Intangible                 35             35
    Other                                                  230            190
                                                    ----------     ----------
        Total Non-Interest Expense                       1,100          1,035

        Income before Income Taxes                         367            237

        Applicable Income Taxes                            150            106
                                                    ----------     ----------
Net Income                                           $     217      $     131
                                                    ==========     ==========

Net Income per Weighted Average Share                $     .13      $     .08

Cash Dividend per Share                              $     .05      $       -

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>
                                                        Nine Months Ended
                                                    -------------------------
                                                     09/30/97       09/30/96
                                                    ----------     ----------
<S>                                                    <C>            <C>
Interest Income
    Interest and Fees on Loans                       $   5,233      $   4,553
    Interest on Investment Securities                    1,211          1,193
    Interest on Federal Funds Sold                          40            102
                                                    ----------     ----------
        Total Interest Income                            6,484          5,848

Interest Expense
    Interest on Deposits                                 2,754          2,601
    Other Interest Expense                                  32             18
                                                    ----------     ----------
        Total Interest Expense                           2,786          2,619
                                                    ----------     ----------
        Net Interest Income                              3,698          3,229
                                                    ----------     ----------

     Provision for Loan Losses                             112             49
                                                    ----------     ---------- 
        Net Interest Income after
        Provision for Loan Losses                        3,586          3,180
                                                    ----------     ----------

Non-Interest Income
    Service Charges on Deposit Accounts                    234            225
    Loss on Sale of Investment Securities                  (15)             -
    Other Service Charges, Commissions and Fees            432            277
                                                    ----------     ----------
        Total Non-Interest Income                          651            502

Non-Interest Expense
    Salaries and Employee Benefits                       1,388          1,218
    Occupancy Expense                                      247            173
    Equipment Expense                                      272            239
    Advertising and Public Relations                       178            139
    Legal, Professional and Audit Services                 135            103
    Data Processing                                        213            169
    Student Loan Servicing Fees                             56             85
    FDIC Insurance Assessment                               48            188
    Amortization of Core Deposit Intangible                105            105
    Other                                                  695            533
                                                    ----------     ----------
        Total Non-Interest Expense                       3,337          2,952
   
        Income before Income Taxes                         900            730
 
        Applicable Income Taxes                            366            326
                                                    ----------     ----------
Net Income                                           $     534      $     404
                                                    ==========     ==========

Net Income per Weighted Average Share                $    0.32      $    0.24

Cash Dividend per Share                              $    0.15      $    0.10

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> 
                                                        Nine Months Ended
                                                    -------------------------
                                                     09/30/97       09/30/96
                                                    ----------     ----------
<S>                                                      <C>            <C>
Cash Flows from Operating Activities:

Net Income                                           $     534            404
Adjustments to Reconcile Net Income to Cash
  Provided by Operating Activities:
    Provision for Loan Losses                              112             49
    Deferred Income Tax Provision                            -              2
    Depreciation and Amortization                          326            292
    Gain on Sale of Real Estate                            (56)           (35)
    Net Loss on Sale of Securities                          15             12
    Decrease in Accrued Interest Receivable                  4             14
    Decrease in Other Assets                                84            120
    Increase/(Decrease) in Accrued Interest Payable        152             (9)
    Increase in Other Liabilities                          262            115
                                                    ----------     ----------
  Total Adjustments                                        899            560
                                                    ----------     ----------
  Net Cash Flows Provided by Operating Activities        1,433            964
                                                    ----------     ----------

Cash Flows from Investing Activities:
  Proceeds from Maturities of Investment
      Securities HTM                                        57            211
  Proceeds from Sales of Investment Securities AFS       9,342          3,526
  Purchases of Investment Securities AFS                (6,861)        (4,767)
  Proceeds from the Repayment of Student Loans           1,334          1,664
  Proceeds from the Sale of Student Loans                3,194            829
  Net Loans made to Customers                          (15,216)        (9,385)
  Purchases of Premises and Equipment                     (340)          (473)
  Proceeds from the Sale of Real Estate                    461            409
                                                    ----------     ----------
Net Cash Flows Used in Investing Activities             (8,029)        (7,986)
                                                    ----------     ----------

Cash Flows from Financing Activities:
  Net Increase/(Decrease) in DDA, NOW and
      Savings Accounts                                   3,350         (7,065)
  Net Increase in Time Deposits                          3,596          2,388
  Net Increase in Federal Funds Purchased                    -          1,600
  Net Securities Sold Under 
      Agreements to Repurchase                          (1,500)        (2,400)
  Payment of Dividends                                    (252)          (168)
                                                    ----------     ----------
Net Cash Provided by/(Used In) 
       Financing Activities                              5,194         (5,645)
                                                    ----------     ----------

Net Decrease in Cash and Cash Equivalents               (1,402)       (12,667)

Cash and Cash Equivalents at Beginning of Period        13,775         18,082
                                                    ----------     ----------

Cash and Cash Equivalents at End of Period           $  12,373      $   5,415
                                                    ==========     ==========

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
September  30,  1997  and December 31, 1996, and the  results  of  its
operations  for the three and nine month periods ended  September  30,
1997  and  1996  and its statement of cash flows for  the  nine  month
periods ended September 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 September 30, 1997 are set forth below:

<TABLE>
<CAPTION>                                                     
                                      Market Value      Amortized Cost
                                     --------------     --------------
          <S>                           <C>                <C>                                                              
           Held to Maturity           $   9,758,000      $  10,017,000
                                                                      
           Available for Sale            18,839,000         18,814,000
                                     --------------     --------------
           Total Investments          $  28,597,000      $  28,831,000
                                     ==============     ==============  
</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  September 30, 1997, Metro had impaired  loans
in  the  total amount of $51,663 in accordance with SFAS Nos. 114  and
118.  Of this amount, $41,663 had no related specific allowance.   The
remaining impaired loans had a specific allowance of $10,000.

Metro's  policy for recognizing income on impaired loans is to  accrue
earnings  until  a loan is classified 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 balance of the loan.

For the nine months ended September 30, 1997, the average balance of
Metro's impaired loans was $46,133.
                                   
page 7
<PAGE>


           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  September 30, 1997 as compared to December 31, 1996,  and  the
results  of  operations for the three and nine  month  periods  ending
September 30, 1997 and 1996.


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

At  September 30, 1997, Metro had total assets of $119.6  million,  an
increase of  $6.2 million or 5.5 percent from December 31, 1996.

Consolidated earning assets totaled $109.7 million or 91.7 percent  of
total  assets  at  September 30, 1997.  The  principal  components  of
earning  assets  were gross loans of $76.0 million, constituting  69.3
percent  of  total  earning  assets, investment  securities  of  $28.9
million,  constituting  26.3  percent of  total  earning  assets,  and
federal  funds  sold of $4.8 million or 4.4 percent of  total  earning
assets.    Earning assets at December 31, 1996 were $102.9 million  or
90.7 percent of total assets.

LOANS
-----

Total  gross  loans  outstanding  increased  $10.6  million,  or  16.3
percent,  from  December 31, 1996 to September 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  three  quarters  of  1997.
Metro's  loan  growth is also attributable to the  continued  business
development  efforts  of the lending staff and the  expanded  indirect
lending   relationships   with   home   improvement   and   automobile
dealerships.   Growth in Metro's loan portfolio is  diversified  among
several industry classifications.  The following table summarizes  the
change in Metro's loan portfolio for the first nine months of 1997:

page 8
<PAGE>
<TABLE>

Loan Portfolio at Period End
(dollars in thousands)

<CAPTION>                                                                     
                                                          Dollar     Percent
                                 09/30/97    12/31/96     Change      Change
                                 --------    --------    --------    --------
<S>                              <C>         <C>         <C>         <C>
Commercial                       $ 47,083    $ 35,064    $ 12,019      34.3%
Real Estate - Construction          3,632       3,970        (338)     (8.5%)
Mortgage                              652         787        (135)    (17.2%)
Installment                        19,555      15,933       3,622      22.7%
Student Loans                       5,102       9,631      (4,529)    (47.0%)
                                 --------    --------    --------    --------
          Gross Loans            $ 76,024    $ 65,385    $ 10,639      16.3%
                                 --------    --------    --------    --------
                                                                  
Less: Allowance for Loan Losses      (929)       (866)        (63)      7.3%
                                 --------    --------    --------    --------
          Net Loans              $ 75,095    $ 64,519    $ 10,576      16.4%
                                 ========    ========    ========    ========
</TABLE>

Since December 31, 1996,  Metro sold $3.2 million, or 33.2 percent, of
its  guaranteed student loan portfolio.  These student loans were sold
to  fund higher yielding commercial and installment loans and to  meet
Metro's liquidity needs.

At September 30, 1997, net loans totaled 62.8 percent of total assets,
as  compared  to 56.9 percent at December 31, 1996.  Metro's  loan  to
deposit ratio, which is one measure of liquidity, was  70.7 percent at
September 30, 1997, as compared to 65.0 percent at December 31, 1996.

Delinquent  loans  at  September 30, 1997 were $769,000,  representing
1.01  percent of gross loans.  At December 31, 1996, delinquent  loans
amounted  to  $1.3 million or 2.0 percent of gross loans  outstanding.
Delinquent loans as of both dates consisted primarily of student loans
guaranteed by USA Funds, Inc., a subsidiary of USA Group,  Inc.   Non-
accruing  loans at September 30, 1997 amounted to $51,663, as compared
to  $157,443  at December 31, 1996. Net charged-off loans amounted  to
$48,521 for the nine months ending September 30, 1997.


At  September  30, 1997 and December 31, 1996, Metro had an  allowance
for   loan  losses  of   $929,000  and  $866,000,  respectively.   The
percentage  of allowance for  loan losses to gross loans  amounted  to
1.22  percent and 1.32 percent at September 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.

page 9
<PAGE>
<TABLE>

Allowance for Loan Losses
Nine Months ended September 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 - Construction                      -              -
     Mortgage                                        -              -
     Installment                                   (56)           (10)
     Student Loans                                   -              -
                                              --------       --------
   Total Charged-Off Loans                         (56)           (56)
                                              --------       --------
Recoveries on Charged-Off Loans:
     Commercial                                      5              5
     Real Estate - Construction                      -              -
     Mortgage                                        -              -
     Installment                                     2              2
     Student Loans                                   -              -
                                              --------       --------
   Total Recoveries                                  7              7
                                              --------       --------
   Net Charged-Off Loans                           (49)           (49)
                                              --------       --------

Provision for Loan Losses                          112             49
                                              --------       --------

Allowance for Loan Losses, September 30          $ 929          $ 910
                                              ========       ========
 
Average Loans Outstanding                     $ 71,748       $ 63,629
                                              ========       ======== 
                                                         
Net Charged-Off Loans to Average Loans            .07%           .08%
                                             ========       ======== 
</TABLE>

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

Total investments at September 30, 1997 were $28.9 million, decreasing
by  $2.4  million or 7.6 percent from the total  at December 31, 1996.
This  decrease  is  primarily due to principal  payments  received  on
mortgage-backed securities.

page 10
<PAGE>

DEPOSITS
--------

Total  deposits at September 30, 1997 amounted to $106.2  million,  in
comparison  to  $99.3  million at December 31,  1996,  representing  a
increase of $6.9 million or 7.0 percent. Since December 31, 1996, non-
interest  bearing  demand deposits decreased by $1.6  million  or  7.1
percent.    This  decrease  in  demand  deposits  relates  to   timing
differences  between  deposits and withdrawals.    Metro  historically
experiences  a build up of deposits during the fourth quarter  of  the
year, followed by a decline during the following three quarters.    In
the first nine months of 1997, interest bearing deposits increased  by
$8.5 million or 11.3 percent.


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

At  September 30, 1997, Metro  had a zero balance  in securities  sold 
under  agreements to repurchase. This represented  a decrease  of $1.5
million  in  short  term  borrowings  since  December 31, 1996.  Other
liabilities increased by $262,000 to $941,000 at September  30,  1997.
Total liabilities  increased  by $5.9 million or 5.8 percent to $107.7
million since December 31, 1996.


CAPITAL
-------

Metro's  total  capital increased by a net amount of $387,000  or  3.4
percent  during the first nine months of 1997.  Metro's net income  in
the first nine months of 1997 totaled $534,000.

The  net  unrealized loss on investment securities available for  sale
amounted to $10,000 at September 30, 1997,  decreasing by  $106,000 or
91.4  percent  since  December 31, 1996.  This  decrease  in  the  net
unrealized loss is due principally to an increase in the market  value
of Metro's investment portfolio.

During 1997, Metro's Board of Directors declared three quarterly  cash
dividends of $.05 per common share each.  Metro's total cash  dividend
payout for the nine month period amounted to $252,000 and were made in
equal  quarterly  disbursements  in the  months  of  March,  June  and
September 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 and Tier 1 capital (as defined  in
the  regulations)  to  risk-weighted assets, and  Tier  1  capital  to
average  assets.   At  September 30, 1997,  Metro  meets  all  capital
adequacy  requirements to which it is subject.   The  following  table
sets  forth the actual and minimum capital amounts and ratios of Metro
and MetroBank as of September 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           $12,687     15.67%      > $8,089       > 10.00%
     MetroBank              $ 9,323     11.60%      > $8,026       > 10.00%

Tier 1 Capital 
(to Risk Weighted Assets)     
     Consolidated           $11,675     14.43%      > $4,853       >  6.00%
     MetroBank              $ 8,320     10.37%      > $4,816       >  6.00% 

Tier 1 Capital 
(to Average Assets)
     Consolidated           $11,675     10.56%      > $5,527       >  5.00%
     MetroBank              $ 8,320      7.74%      > $5,374       >  5.00%
</TABLE>

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


page 12
<PAGE>

RESULTS OF OPERATIONS


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

Net  interest income after provision for loan losses amounted to  $3.6
million  for  the nine months ending September 30, 1997,  compared  to
$3.2  million for the comparable period of 1996, an increase  of  12.8
percent.   Net interest income increased principally due to growth  in
Metro's  loan  portfolio for the first nine months of  1997.   Metro's
provision  for loan loss expense amounted to  $112,000  for  the  nine
month  period ending September 30, 1997, compared to $49,000  for  the
same  period  in 1996. The increase in the provision for  loan  losses
resulted   from   growth  in  the  installment  and  commercial   loan
categories.  Provisions in 1997 are 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.


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

Non-interest  expense amounted to $3.3 million  for  the  nine  months
ending  September  30,  1997, compared to $3.0 million  for  the  same
period  in  1996,  an  increase of $385,000  or  13.0  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 $534,000 for the  nine  month  period
ending  September 30, 1997, compared to $404,000 for the  same  period
one year earlier, an increase of $130,000 or 32.2  percent.


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

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

           Exhibit  10(a)  Sublease dated September 11, 1997 between
                           Registrant and Wal-Mart Stores, Inc. with
                           respect to property located at Highway 37
                           and 32, Noblesville, Indiana.

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<PAGE>

           Exhibit  10(b)  Amendment One to Lease dated September 30,
                           1997 between Registrant  and Phoenix  Home
                           Life Mutual Insurance Company with respect
                           to  property located  at 10333 N. Meridian
                           St. Suite 111, Indianapolis, Indiana.

           Exhibit  27     Financial Data Schedule


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


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                           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)



November 10, 1997                             By: /S/ IKE G. BATALIS
                                                 --------------------
                                                 Ike G. Batalis
                                                 Chairman and
                                                 President (Principal
                                                 Executive Officer)



November 10, 1997                             By: /S/ CHARLES  V. TUREAN
                                                 ------------------------ 
                                                 Charles V. Turean
                                                 Executive Vice President
                                                 (Principal Financial and
                                                 Accounting Officer)


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