The Chicago-based, $261 million-asset Metropolitan Capital Bank & Trust was placed in receivership and its assets sold to ...

Regulators shut down Metropolitan Capital Bank & Trust in River North on Friday. Detroit-based First Independence Bank acquired all its deposits.

US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2026. The Federal Deposit Insurance ...

The Federal Deposit Insurance Corp. said Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, marking the first U.S. bank failure in 2026.

Chicago's Metropolitan Capital Bank marks the first bank failure of 2026, with First Independence Bank assuming deposits and ...

Metropolitan Capital Bank & Trust becomes 2026's first U.S. bank failure. FDIC estimates $19.7M loss as First Independence ...

Warnings that a "shocking wave" of bank closures could arrive within days are colliding with a more nuanced reality.

Discover how an AVR assesses the assets of a failed bank, sets market prices for asset sales, and why it's crucial for a financial institution's financial stability.

LOS ANGELES -- President Biden says the American banking system remains safe following the collapse of two U.S. banks, but the failures have nonetheless created concern among customers who hold their ...