List of failed banks: 2009-2026

Group 1: Bank Failures Overview - Metropolitan Capital Bank & Trust, based in Chicago, closed on January 30, 2026, marking the first failure of an FDIC-insured bank in that year, with total assets of $261.1 million and total deposits of $212.1 million as of September 2025 [1] - The bank's deposits, excluding certain brokered deposits, were assumed by First Independence Bank from Detroit [1] - In 2023, there were five bank failures, including notable institutions like Silicon Valley Bank and Signature Bank, which ended a streak of over 800 days without a bank failure [5] Group 2: Causes and Frequency of Bank Failures - Bank failures occur when a financial institution becomes insolvent, unable to cover customer deposits and debts, often due to mismanagement, economic factors, or criminal activity [2] - It is common for at least a few banks to fail each year, with historical data showing that years without bank failures are rare [6] - Since March 2023, there have been a total of 10 bank failures, with 2023 experiencing the highest number of failures in recent history [6] Group 3: Importance of FDIC Insurance - Depositors are encouraged to keep their funds in FDIC-insured banks to protect their money, as no depositor has lost FDIC-insured funds since 1933 [4] - It is crucial for depositors to ensure their balances are within FDIC insurance limits and guidelines to safeguard their funds [3] - The FDIC has been operational for 92 years, providing confidence to depositors regarding the safety of their money in the event of a bank failure [4]