4 1 walter-10024.txt ------------------------------ OMB APPROVAL [ ] Check this box if no longer ------------------------------ subject to Section 16. Form 4 or OMB Number 3235-0287 Form 5 obligations may continue. Expires: January 31, 2005 See Instruction 1(b). Estimated average burden hours per response ....... 0.5 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Walter, Donald F. -------------------------------------------------------------------------------- (Last) (First) (Middle) 423 Sycamore Street, Suite 101 -------------------------------------------------------------------------------- (Street) Niles, MI 49120 -------------------------------------------------------------------------------- (City) (State) (Zip) -------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol MetroBanCorp METB -------------------------------------------------------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) -------------------------------------------------------------------------------- 4. Statement for Month/Day/Year 10/16/2002 -------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Day/Year) -------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) -------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check applicable line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned --------------------------------------------------------------------------------

Explanation of Responses: * includes the effect of the five percent stock dividend (see note 2 - table 2) ** by Donald F. Walter, Trust account *** by Donald F. Walter and Charles T. Walter as joint tenants **** by Donald F. Walter, IRA account (1) On 10/16/02 Mr. Walter gifted 1,000 common shares of MetroBanCorp stock to his adult nephew who does not share the same household as Mr. Walter. Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). Table II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities)

Explanation of Responses: (2) On February 5, 2002 MetroBanCorp declared a five percent stock dividend, issuable March 12, 2002 to shareholders of record of common stock on March 1, 2002. As a result, Mr. Walter received 1,470 shares of common stock of MetroBanCorp and, pursuant to anti-dilution provisions of MetroBanCorp's director stock option plan, his option for 29,405 shares of common stock became exercisable for 30,875 shares of common stock. /s/ Donald F.Walter by Charles V. Turean, his Attorney-in-Fact October 17, 2002 --------------------------------------------- ------------------ **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

METROBANCORP 4