Government regulators shut down Metropolitan Capital Bank & Trust for unsafe and unsound conditions and an impaired capital ...

An Illinois regulator closed Metropolitan Capital Bank & Trust on Friday, and the FDIC sold the majority of its assets to Detroit-based First Independence Bank.

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

Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, citing “unsafe and unsound conditions and an impaired capital ...

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

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

The Illinois Department of Financial and Professional Regulation closed the Metropolitan Capital Bank & Trust due to unsafe ...