Metropolitan Capital Bank Failure Marks First U.S. Banking Collapse of 2026

TLDR: Metropolitan Capital Bank & Trust closed by Illinois regulators due to unsafe conditions and weak capital reserves.  First Independence Bank assumes $212 million in deposits and purchases $251 million of failed bank’s total assets.  FDIC Deposit Insurance Fund faces preliminary estimated losses of approximately $19.7 million from the resolution.  Customers maintain full access to [...]

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