First US Bank Failure Of 2026 Hits, But Another One Looks Unlikely, Polymarket Says - State Street SPDR S&P Bank ETF (ARCA:KBE)
Benzinga·2026-02-02 20:31
Metropolitan Capital Bank & Trust became the first U.S. bank to fail in 2026 after Illinois regulators shut the small Chicago lender on Jan. 30, with the Federal Deposit Insurance Corporation stepping in as receiver.This is Chicago's second bank failure in as many years, but the resolution looks contained: the FDIC brokered a clean handoff to First Independence Bank, which assumed all deposits.Court records and commercial real estate reporting show Metropolitan spent years working through a $4.5 million loa ...