Metropolitan Capital Bank Fails: First US Bank Closure of 2026
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News18•31-01-2026, 19:24
Metropolitan Capital Bank Fails: First US Bank Closure of 2026
- •Chicago-based Metropolitan Capital Bank and Trust was closed by regulators, marking the first US bank failure of 2026.
- •The FDIC swiftly transferred most assets and all deposits to Detroit-based First Independence Bank to protect depositors.
- •Depositors will automatically become customers of First Independence Bank, maintaining seamless access to their accounts.
- •The failure is estimated to cost the FDIC's Deposit Insurance Fund approximately $19.7 million.
- •Metropolitan Bank had weak financial health with a net equity capital ratio of 1.62% and a large commercial and industrial loan portfolio.
Why It Matters: Metropolitan Capital Bank's failure highlights regulators' swift action to maintain banking system stability and depositor confidence.
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