- Metropolitan Capital Bank & Trust in Chicago was closed by Illinois regulators; First Independence Bank will assume its deposits.
- No specific details on the impact or actions for Texas credit unions.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities. It is focused on a bank closure in Illinois and its implications there.
Original Content
Illinois regulators closed Metropolitan Capital Bank & Trust in Chicago and appointed the FDIC as receiver. First Independence Bank in Detroit has agreed to assume substantially all of the failed bank’s deposits. The post Metropolitan Capital Bank closed in Illinois appeared first on ABA Banking Journal .