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.
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Illinois shuts down Metropolitan Capital Bank & Trust in first US bank failure of 2026
The Illinois Department of Financial and Professional Regulation closed the Metropolitan Capital Bank & Trust due to unsafe ...
The Chicago-based, $261 million-asset Metropolitan Capital Bank & Trust was placed in receivership and its assets sold to ...
The banks can offer competitive loans to auto customers who might be facing sticker shock, now that the average price of a ...
General Motors Co. in Detroit and Ford Motor Co. in Dearborn have received Federal Deposit Insurance Corp. (FDIC) and the ...
Both automakers must stand up their respective banks within 12 months. After that, they must maintain a minimum 15% tier 1 ...
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FDIC opens door for Ford and GM to launch their own industrial banks
The Federal Deposit Insurance Corporation has given Ford and General Motors something they have chased for years: permission ...
Recently, the FDIC published its list of administrative enforcement actions issued in November 2025. The agency reported seven orders and stated ...
The NCUA manages the National Credit Union Share Insurance Fund (NCUSIF), which guarantees your credit union deposits with ...
FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and ...
Discover FDIC coverage for business accounts, including types insured and coverage limits, ensuring your deposits are ...
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