IL-BANKS

Illinois Issues Cease and Desist Order to Kirk J. Reeves

The Illinois Department of Financial and Professional Regulation has issued a cease and desist order against Kirk J. Reeves for operating businesses using the terms "bank" and "trust" without proper authorization. The order cites violations of the Illinois Banking Act and the Corporate Fiduciary Act.

Metropolitan Capital Bank & Trust - FDIC Appointed Receiver

The Illinois Department of Financial and Professional Regulation has found Metropolitan Capital Bank & Trust to be operating in an unsafe and unsound manner. The agency has taken possession of the bank and appointed the FDIC as receiver, effective January 30, 2026.