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

Government regulators shut down Metropolitan Capital Bank & Trust for unsafe and unsound conditions and an impaired capital ...

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

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.

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.

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

The collapse is linked to a problematic loan tied to the largest default in the federal government’s skilled nursing facility lending program.

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

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

The unexpected failure of First National Bank of Lindsay, Oklahoma, was a failure connected with potential fraud and significant losses for uninsured depositors. Only two bank failures in 2024 reflect ...

Despite calls to close risk gaps after Silicon Valley Bank’s failure, many businesses still wouldn’t be able to operate for ...