Which bank just failed in Chicago?

Written by Editorial Team | Last Updated: August 2026

Regulatory authorities closed Metropolitan Capital Bank and Trust, headquartered in Chicago, Illinois, marking a notable FDIC-insured bank resolution. State regulators closed the institution and placed its deposits under the management of the Federal Deposit Insurance Corporation (FDIC), which subsequently arranged an orderly transfer of customer liabilities. While local bank failures are closely monitored by economists, the intervention ensured complete protection for eligible depositors without broader systemic disruptions.

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