Original Content
An Illinois regulator closed Metropolitan Capital Bank & Trust on Friday, and the FDIC sold the majority of its assets to Detroit-based First Independence Bank.
Chicago bank first to fail in 2026
AI Summary
Metropolitan Capital Bank & Trust was closed by an Illinois regulator; assets were sold to First Independence Bank. No direct impact on Texas credit unions mentioned.
Texas Relevance
The article does not mention any specific Texas entities or regulations and the event is in Illinois, so it is not relevant to Texas CUs.