299 FIRST U.S. BANK COLLAPSES IN 2026 - And It Won’t Be the Last

1 Feb 2026The first US bank failure of 2026, Metropolitan Capital Bank and Trust, was shut down by Illinois regulators due to unsafe and unsound conditions. The FDIC arranged a purchase and assumption deal with First Independence Bank, ensuring a smooth transition for customers. This event highlights the vulnerability of smaller banks in an environment of higher interest rates, tighter liquidity, and slower economic growth.