Data / Bank failures / 2026 / Metropolitan Capital B&T
Metropolitan Capital B&T, Chicago, IL: failed January 30, 2026
Metropolitan Capital B&T in Chicago, Illinois, failed on January 30, 2026. First Independence Bank of Detroit, MI, took over its deposits. It held $261.2 million in assets and $212.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $19.6 million (7.5% of its assets). By assets it was the 2nd largest of 4 banks closed or assisted in 2026.
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The FDIC's record
- Closed
- January 30, 2026
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Independence Bank, Detroit, MI
- Total assets
- $261,185,000
- Total deposits
- $212,152,000
- Estimated cost to the FDIC
- $19,647,000 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57488
Other bank failures in Illinois, 2024 to 2028
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Pulaski Savings Bank | Chicago | January 17, 2025 | $49.5 million | $42.7 million | $31.9 million | Millennium Bank |
All bank failures in 2026 · All bank failures in Illinois · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.