Archive · 1 Feb 2026
Metropolitan Capital Bank & Trust Closed
Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation on January 30, 2026.
The Federal Deposit Insurance Corporation (FDIC) took over as the receiver.
First Independence Bank agreed to take over all deposits and most assets of the failed bank.
Customers of Metropolitan Capital Bank & Trust will automatically become customers of First Independence Bank and will have immediate access to their deposits.
The FDIC estimates that the failure will cost its Deposit Insurance Fund about $19.7 million.
Customers with questions can contact the FDIC for assistance.
Metropolitan Capital Bank & Trust was closed on January 30, 2026, by the Illinois Department of Financial and Professional Regulation.
The FDIC was appointed as receiver and entered into a purchase and assumption agreement with First Independence Bank.
First Independence Bank will assume all deposits and approximately $251 million of the failed bank’s assets.
Customers will automatically become depositors of First Independence Bank and will have immediate access to their deposits.
The FDIC estimates the failure will cost its Deposit Insurance Fund about $19.7 million.
- Who
- Metropolitan Capital Bank & Trust, First Independence Bank, FDIC
- What
- Closure of Metropolitan Capital Bank & Trust and transfer of deposits to First Independence Bank
- When
- January 30, 2026
- Where
- Illinois, USA
- Why
- Financial instability leading to regulatory closure
- Bank Closed
- Metropolitan Capital Bank & Trust
- Date of Closure
- January 30, 2026
- Receiver
- Federal Deposit Insurance Corporation (FDIC)
- Acquiring Bank
- First Independence Bank
- Total Assets
- $261.1 million (as of September 30, 2025)
- Total Deposits
- $212.1 million (as of September 30, 2025)
- Estimated Cost to DIF
- $19.7 million
- Customer Support Contact
- 1-866-314-1744