First U.S. bank failure of 2026: What happened after Metropolitan Capital Bank & Trust was shut
Illinois regulators shut down Metropolitan Capital Bank & Trust on Jan. 30, placing it under FDIC receivership. First Independence Bank will assume nearly all deposits and acquire about $251 million in assets. The FDIC estimates the cost to its insurance fund at $19.7 million. The failed bank had $261.1 million in assets and $212.1 million in deposits as of Sept. 30.