The Chicago-based, $261 million-asset Metropolitan Capital Bank & Trust was placed in receivership and its assets sold to ...

The FDIC entered into a purchase and assumption agreement with First Independence Bank to assume substantially all deposits ...

The Federal Deposit Insurance Corp. said Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, marking the first U.S. bank failure in 2026.

Discover FDIC coverage for business accounts, including types insured and coverage limits, ensuring your deposits are ...

The risk of bank runs could be lowered if lawmakers accept a new proposal from the Federal Deposit Insurance Corp. to boost deposit-insurance protection for businesses above the current $250,000 ...

Chicago's Metropolitan Capital Bank marks the first bank failure of 2026, with First Independence Bank assuming deposits and ...

What Is the Federal Deposit Insurance Corporation (FDIC)? The Federal Deposit Insurance Corporation (FDIC) is a U.S. government agency that protects deposits in banks and other financial institutions.

Metropolitan Capital Bank & Trust becomes 2026's first U.S. bank failure. FDIC estimates $19.7M loss as First Independence Bank assumes deposits.

FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and ...

FDIC insurance is backed by the full faith and credit of the U.S. government and guarantees bank consumers that their money is safe for up to a limit of $250,000 per depositor, per FDIC-insured bank, ...

The maximum amount per account — $250,000 — that the Federal Deposit Insurance Corp. will guarantee is too small. The swift failures this spring of Silicon Valley Bank, Signature Bank and First ...