Metropolitan Capital Bank & Trust is the first US bank to fail in 2026

January 30th 2026: Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, appointing the Federal Deposit Insurance Corporation (FDIC) as the receiver.

The failure is expected to cost the Deposit Insurance Fund (DIF) ≈$20M, but it can changed depending on the price the failed bank's assets are liquidated at.

Back in August 2019 the same bank was formally accused and investigated for unsafe and unsound banking practices by the regulators (FDIC, IDFPR). It was concluded that there were weaknesses in liquidity, solvency, management and asset quality. As a result of that, the bank was forced into a corrective action plan.