First Bank Closure 2026: Metropolitan Capital Bank & Trust Halted

Layer2Observer · 2026-02-09T23:09:14+00:00

In 2026, the U.S. banking sector faced its first collapse with the closure of Metropolitan Capital Bank & Trust by regulators. The FDIC took over management and transferred most deposits to First Independence Bank, incurring a $19.7 million burden, marking the start of new banking crises.

Layer2Observer

2026-02-09 23:09:14

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The US banking sector experiences its first collapse in 2026: The Metropolitan Capital Bank & Trust in Illinois was closed by regulators. According to information from NS3.AI, the Federal Deposit Insurance Corporation (FDIC) took over management and initiated the transfer of most customer deposits to First Independence Bank.

For the FDIC deposit insurance fund, the closure of the Metropolitan institution represents a financial burden of approximately $19.7 million. The FDIC intervention marks the beginning of a new series of banking crises this year and highlights the ongoing volatility in the American banking sector.

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