The collapse of Metropolitan Capital Bank & Trust marks the first bank closure of 2026

RunWhenCut · 2026-02-13T06:04:25+00:00

U.S. financial authorities shut down Metropolitan Capital Bank & Trust, marking the first bank failure of 2026. First Independence Bank will assume most of the deposits, and the FDIC will face a cost of $19.7 million.

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2026-02-13 06:04:25

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U.S. financial authorities have officially closed Metropolitan Capital Bank & Trust, located in Illinois, marking the first bank failure recorded in 2026. According to information from NS3.AI, the Federal Deposit Insurance Corporation (FDIC) has taken over as receiver of the institution.

In response to the event, First Independence Bank has been designated to assume most of the deposits held by the closed bank. This helps protect depositors’ funds in accordance with federal deposit insurance mechanisms. Preliminary estimates indicate that the FDIC Deposit Insurance Fund will incur an approximate expense of $19.7 million as a direct result of this bank failure. The incident reflects ongoing regulatory challenges in the U.S. financial sector this year.

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