sharon sanders
Editor-in-Chief & President
Failed Bank Information for Metropolitan Capital Bank & Trust, Chicago, IL
On Friday, January 30, 2026, Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation. The Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. First Independence Bank, Detroit, MI assumed substantially all the deposit accounts and substantially all the assets. All shares of stock were owned by the holding company, which was not involved in this transaction.
https://www.fdic.gov/bank-failures/failed-bank-list/metropolitan-capital-bank-trust
On Friday, January 30, 2026, Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation. The Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. First Independence Bank, Detroit, MI assumed substantially all the deposit accounts and substantially all the assets. All shares of stock were owned by the holding company, which was not involved in this transaction.
https://www.fdic.gov/bank-failures/failed-bank-list/metropolitan-capital-bank-trust