What bank collapsed in 2026?
Metropolitan Capital Bank & Trust, a Chicago-based financial institution, was closed by the Illinois Department of Financial and Professional Regulation, with the Federal Deposit Insurance Corporation appointed as receiver. Holding approximately two hundred and sixty million dollars in assets, the bank suffered from impaired capital positions and severe commercial real estate and industrial loan delinquencies, marking the first FDIC-insured bank failure of the year. Substantially all of its deposits and assets were subsequently assumed by Detroit-based First Independence Bank to ensure seamless continuity of customer banking services and protect insured depositors.
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