Overview
- Illinois regulators closed Chicago-based Metropolitan Capital Bank & Trust and the FDIC was appointed receiver.
- Under a purchase-and-assumption deal, First Independence Bank is taking about $251 million of assets and all $212.1 million in deposits.
- The FDIC estimates a preliminary $19.7 million cost to the Deposit Insurance Fund, with the final amount dependent on sales of retained assets.
- The River North office will reopen as a First Independence branch on Monday, February 2, 2026, with normal hours.
- State officials cited unsafe and unsound conditions with an impaired capital position, while customers can continue using accounts and borrowers should keep making payments.