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

The Federal Deposit Insurance Corp. said Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, marking the first U.S. bank failure in 2026.

Metropolitan Capital Bank & Trust becomes 2026's first U.S. bank failure. FDIC estimates $19.7M loss as First Independence ...

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

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

What happens if your bank goes bankrupt? The FDIC protects your money up to $250k. Learn how to check if your bank is FDIC insured!

The flow of deposits to less stable banks threatens the soundness of the entire financial system. According to a group of economists at the World Bank and International Monetary Fund, “Deposit ...

FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and ...

Notice from the Federal Deposit Insurance Corporation that the New Jersey Title Guarantee and Trust Company has failed, is tacked up on the door of the $23,000,000 bank in Jersey City. Very little ...

Discover FDIC coverage for business accounts, including types insured and coverage limits, ensuring your deposits are ...

Joshua Rodriguez is a writer with a passion for helping people understand the impact of their financial decisions (good or bad). His articles on mortgages, home equity loans, credit cards, budgeting, ...

FDIC insurance is backed by the full faith and credit of the U.S. government and guarantees bank consumers that their money is safe for up to a limit of $250,000 per depositor, per FDIC-insured bank, ...