Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 17, 2011, Metro Bancorp, Inc. ("Metro") disclosed on its Current Report on Form 8-K that Peter M. Musumeci, Jr., formerly Senior Loan Officer of Metro Bank, a wholly-owned subsidiary of Metro, had entered into an agreement dated June 13, 2011 ("Consulting Agreement") with the Bank to serve as a consultant to the Bank's lending functions. On and effective February 8, 2012, the parties entered into Amendment No. 1 to Consulting Agreement. The Amendment reduces the monthly fee to be paid Mr. Musumeci to $12,000. All other provisions of the Consulting Agreement, as modified by Addendum No. 1, effective October 17, 2011, concerning confidentiality of customer information remain unchanged. The foregoing description of the agreement with Mr. Musumeci is not complete and is qualified in its entirety by reference to Exhibit 10.1 attached hereto which contains the Consulting Agreement, Addendum No. 1 and Amendment No. 1 to the Consulting Agreement.

Item 9.01. Financial Statements and Exhibits
(d) Exhibits

10.1 Consulting Agreement by and between Peter M. Musumeci, Jr. and Metro Bancorp, Inc. and Metro Bank, dated June 13, 2011, and modified by Addendum No. 1 effective October 17, 2011 and Amendment No. 1 dated February 8, 2012.

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