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The demise of Metropolitan Capital Bank & Trust on Jan. 30 marked the first bank failure of 2026 and the 15th since November 2019.
The Federal Deposit Insurance Corp. took over the $261.1 million-asset bank, and agreed to sell substantially all of its deposits and some of its assets to First Independence Bank.
“The FDIC preliminarily estimates that the failure will cost its Deposit Insurance Fund (DIF) about $19.7 million,” the agency said in a press release. “The estimate will change over time as retained assets are sold.
This failure is expected to cost the FDIC less than the previous one, Santa Anna National Bank, which was estimated to cost the DIF about $23.7 million.
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The Office of the Comptroller of the Currency closed Santa Anna National Bank in June 2025. Coleman County State Bank assumed the failed bank’s insured deposits. The FDIC expressed suspicion that fraud contributed to the failure.
These summaries below were drafted using AI and then reviewed by the American Banker editorial team.
| Metropolitan Capital Bank & Trust | Chicago, IL | 1/30/2026 |
| The Santa Anna National Bank | Santa Anna, TX | 6/27/2025 |