Metropolitan Capital Bank Failure: First U.S. Bank Closure of 2026

Metropolitan Capital Bank & Trust, with $261.1 million in assets, was closed due to weak capital and unsafe operating conditions. The FDIC facilitated a purchase-and-assumption deal with First Independence Bank to take over $251 million of Metropolitan's assets, including $212.1 million in deposits. Depositors of Metropolitan automatically became depositors of First Independence, ensuring continuous access to their accounts.

The FDIC's swift resolution aligns with its priority to resolve failed banks quickly, preventing value erosion. The agency will retain remaining assets for later disposition. This failure follows a relatively quiet year for bank resolutions in 2025, with only two bank failures nationwide.

How to Prepare:

Who This Affects Most:

Your deposit account has been transferred to First Independence Bank, and you can continue to access your funds.

Yes, all direct deposits will continue as usual.

Continue to make payments as usual, and contact your loan officer for any queries.

The failure of Metropolitan Capital Bank & Trust marks the first U.S. bank closure of 2026. Depositors are protected as First Independence Bank assumes all deposits. The FDIC is managing the resolution to minimize impact and maintain stability. While this event may raise concerns, regulators emphasize that it is an isolated incident, and the financial system remains stable.

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