Metropolitan Capital Bank & Trust Closure Marks First U.S. Bank Failure of 2026

U.S. regulators have shut down Metropolitan Capital Bank & Trust in Illinois, marking the first bank failure of 2026. According to NS3.AI, the Federal Deposit Insurance Corporation (FDIC) has taken on the role of receiver and has arranged for First Independence Bank to assume most of the bank's deposits. The closure is projected to cost the FDIC's Deposit Insurance Fund around $19.7 million.