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

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

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.

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

Detroit-headquartered First Independence Bank is assuming the deposits and acquiring the assets of a failed Chicago bank that ...

First Independence Bank in Detroit has acquired substantially all of the deposits and assets by entering into a purchase and ...

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