1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 3, 2001 METROPOLITAN FINANCIAL CORP. ------------------------------------------------- (Exact name of Registrant as Specified in Its Charter) Ohio 000-21553 34-1109469 ------ -------------- ---------------- (State or Other (Commission (I.R.S. Employer Jurisdiction of File Number) Identification No.) Organization) 22901 Mill Creek Boulevard, Highland Hills, Ohio 44122 ------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (216) 206-6000 ------------------ 6001 Landerhaven Drive, Mayfield Heights, Ohio 44124 ------------------------------ (Former name or former address, if changed since last report) 2 PAGE 2 Item 5. Other Events On August 3, 2001, the Company announced its financial results for the second quarter of 2001, that it and its wholly-owned subsidiary, Metropolitan Bank and Trust Company, have each entered into Supervisory Agreements with the Office of Thrift Supervision and Ohio Department of Financial Institutions and that the Company has engaged an investment banking firm to explore strategic alternatives, including a recapitalization. A copy of the press release announcing the foregoing is included as Exhibit 99.1 to this report. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. METROPOLITAN FINANCIAL CORP. By: /s/ Kenneth T. Koehler ---------------------------------- Kenneth T. Koehler President and Chief Operating Officer Date: August 3, 2001 EXHIBIT INDEX Exhibit Number Exhibit Description -------------- ------------------- 99.1 Press Release