Metropolitan Capital Bank & Trust - FDIC Appointed Receiver

The Illinois Department of Financial and Professional Regulation (IDFPR), Division of Banking, has issued a notice stating that Metropolitan Capital Bank & Trust is conducting its business in an unsafe and unsound manner. As a result, the IDFPR has taken possession and control of the bank's assets and affairs, appointing the Federal Deposit Insurance Corporation (FDIC) as receiver. This action was effective January 30, 2026, at 5:00 p.m. CST.

Depositors with questions regarding their accounts should contact the FDIC directly. This action signifies the closure of the bank and the initiation of receivership proceedings, which will likely involve the liquidation of assets and distribution to creditors and depositors according to legal priorities. Regulated entities should note the severe consequences of unsafe and unsound practices, which can lead to regulatory intervention and the appointment of a receiver.