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 Illinois Department of Financial and Professional Regulation closed the Metropolitan Capital Bank & Trust due to unsafe ...

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.

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

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

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

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.

The FDIC entered into a purchase and assumption agreement with First Independence Bank to assume substantially all deposits ...

Metropolitan Capital Bank & Trust in Chicago closes, First Independence Bank assumes all deposits. FDIC ensures insured ...

WSJ's Valerie McGrane reports the FDIC plans to close several of its offices that were set up to handle a heavy load of bank ...

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

On December 16, the FDIC approved an interim final rule providing for the collection of a special assessment to recover losses to the deposit insurance fund arising from the systemic risk ...