Metropolitan Capital Bank & Trust - FDIC Appointed Receiver

IL Banks & Trust Enforcement Actions 2026

Filed January 30th, 2026

Detected February 12th, 2026

Summary

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.

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What changed

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.

What to do next

Depositors should contact the FDIC for account inquiries.
Monitor FDIC communications regarding the receivership process.

Penalties

The bank has been placed into receivership, implying the loss of its charter and control by existing management.

Source document (simplified)

555 We s t Monr oe Street, 5 th Floor Chicago, Illin ois 606 61 ∙ (888) 473 - 4858 ∙ T TY (866) 325 - 4949 320 W est W ashington Street, 3 rd Floor Springfield, Illin ois 62786 ∙ (888) 473 - 4858 ∙ T TY (866) 325 - 4949 idpf r.illinois.g ov JB PR ITZKER Gover nor MARIO T RETO, JR. Secretary SUSA NA SOR IANO Acting Director NOTICE Upon due consideration of the e vidence presented to me, and pursuant to my s tatutory duties and powers as Acting Dire ctor of the Illinois Department of Financial and Professional Regulation, Division of Banking, I have found that Metropolitan Capital Bank & T rust (“Bank”), Chicago, Illinois, is conducting its business in an unsafe and unsound manner. I have therefore taken possession and control of th e Bank, its assets, and affairs for the purpose o f examination, reor g anization, or liquidation through receivership in accordance with the provisions of Section 53 of the Illinois Banking Ac t, effec tive January 30, 2026 at 5:00 p.m. (CST). Further pursuant to my statutory duties and powers, I have appointed t he Federal Deposit Insurance Corporation (“FDIC”) as receiver for the Bank. Depositors with questions about their accounts may cont act the F DIC at 866 -314-1744. SUSANA SORIANO ACTING DI RECTOR DIVIS ION OF B ANKING