Chicago bank first to fail in 2026
Yahoo Finance·2026-02-02 20:21
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Chicago lender Metropolitan Capital Bank & Trust failed Friday, becoming the first bank failure of 2026. The Illinois Department of Financial and Professional Regulation closed the single-branch bank and appointed the Federal Deposit Insurance Corp. as receiver, the agencies said. Detroit-based First Independence Bank entered an agreement with the FDIC to assume su ...