First U.S. bank failure of 2026: What happened after Metropolitan Capital Bank & Trust was shut
On Friday, U.S. regulators closed Metropolitan Capital Bank & Trust, placing it under the FDIC’s control to oversee its wind-down. First Independence Bank acquired most of the failed bank’s assets and deposits. According to the FDIC, the lender had $261.1 million in assets and $212.1 million in deposits as of Sept. 30. This is the first U.S. bank failure in 2026, following two smaller collapses in 2025. It serves as a sharp reminder that quiet stretches in the banking sector can end abruptly. The FDIC’s failed-bank list shows that the earlier incidents involved significantly smaller banks.