Sheilas (@Sheilas11)

#BankFailure Illinois regulators on Friday closed Metropolitan Capital Bank & Trust in Chicago and [appointed the FDIC as receiver]. First Independence Bank in Detroit has agreed to assume substantially all of the failed bank’s deposits. As of Sept. 30, 2025, Metropolitan Capital Bank reported total assets of $261.1 million and total deposits of $212.1 million. In addition to assuming the deposits, First Independence will purchase $251 million of the bank’s assets. The FDIC will retain the remaining assets for later disposition. The FDIC preliminarily estimated that the failure would cost its Deposit Insurance Fund about $19.7 million. The estimate will change over time as retained assets are sold. https://bankingjournal.aba.com/2026/01/metropolitan-capital-bank-closed-in-illinois/