The Chicago-based, $261 million-asset Metropolitan Capital Bank & Trust was placed in receivership and its assets sold to ...

Regulators shut down Metropolitan Capital Bank & Trust in River North on Friday. Detroit-based First Independence Bank acquired all its deposits.

An Illinois regulator closed Metropolitan Capital Bank & Trust on Friday, and the FDIC sold the majority of its assets to Detroit-based First Independence Bank.

Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, citing “unsafe and unsound conditions and an impaired capital ...

US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2026. The Federal Deposit Insurance ...

Metropolitan Capital Bank became first US bank to fail in 2026 due to loan tied to troubled facility. FDIC estimates cleanup ...

The Federal Deposit Insurance Corp. said Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, marking the first U.S. bank failure in 2026.

2026 is off to a rocky start and, as of late January, it has already hit another milestone in the form of a bank's failure -- ...

The FDIC transferred all deposits and most of the bank’s assets to Detroit-based First Independence Bank, which will reopen ...

Chicago's Metropolitan Capital Bank marks the first bank failure of 2026, with First Independence Bank assuming deposits and ...

Metropolitan Capital Bank & Trust becomes 2026's first U.S. bank failure. FDIC estimates $19.7M loss as First Independence Bank assumes deposits.