Original Source Material
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 bank first to fail in 2026
Summary
- Metropolitan Capital Bank & Trust in Illinois was closed by a regulator and its assets were sold.
- This is the first bank failure in 2026.
Why It Matters for Texas Credit Unions
The article does not mention Texas specifically, but it highlights a federal banking issue that could have broader implications for credit unions nationwide.