The Illinois Department of Financial and Professional Regulation closed Metropolitan Capital Bank & Trust today. First Independence Bank, headquartered in Detroit, Michigan has acquired substantially all of the deposits and assets by entering into a purchase and assumption agreement with the Federal Deposit Insurance Corporation (FDIC) as Receiver of Metropolitan Capital Bank & Trust .
“We are excited about the opportunity to serve the existing customers of Metropolitan Capital Bank& Trust. Our goal is to provide our new team members with the opportunity to further their goals of impacting their existing relationships and future new customers directly. This is consistent with our values of keeping the customer at the center of our circle of life,” says Kenneth Kelly, Chairman & CEO, First Independence Bank. “The Chicago area is one of the critical financial centers in the US and we are grateful to have the opportunity to compete directly in this market,” says Kelly.
Additional acquisition information will be sent later.
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About First Independence Bank First Independence Bank is one of the largest community-focused, mission-driven, commercial banks in the United States. Headquartered in Detroit, Michigan, with its two newest locations in Minneapolis, Minnesota, it offers a variety of high-quality banking services from managing accounts to personal loans, mortgages, consumer education and investments. Established in 1970, the bank continues to be a responsible leader, efficiently serving the financial needs of its community, its businesses, and its customers nationwide. First Independence Bank is a member of FDIC and Equal Housing Lender. For more information visit
