In January 2004, Metropolitan Mortgage declared bankruptcy, taking down with it the fortunes of many investors who placed their trust in the decades-old Spokane company.
Tue., Dec. 30, 2003, 11:57 a.m.
Met defers more securities payments
The financial challenges facing Metropolitan Mortgage & Securities Co. Inc. deepened Monday as payments on more company securities were suspended, state officials took control of insurance subsidiaries, and the American …
Tue., Dec. 16, 2003, 11:58 a.m.
Metropolitan Mortgage shuts down brokerage
Metropolitan Mortgage & Securities Inc. shut down its brokerage firm Monday after punishing fines and restrictions rendered it a liability.