What happened to Metropolitan Capital Bank & Trust?

The FDIC placed the bank into receivership and transferred all deposits to First Independence Bank. Regulators estimate a $19.7 million cost to the Deposit Insurance Fund. Customers should have continued access to accounts, while the assuming institution handles operations and support during the transition.

Are my deposits safe after the transfer?

Yes, depositors retain access to their money after the transfer to First Independence Bank. FDIC insurance applies up to legal limits per depositor, per ownership category. For amounts above limits, contact the assuming bank or the FDIC for guidance on status and any documentation needed.

What does this mean for the S&P 500 right now?

So far, market reaction appears muted, indicating investors view the event as isolated. We are watching bank earnings, funding costs, and credit spreads for confirmation. If stress broadens, the index could reprice. Until then, diversified exposure and a focus on quality remain sensible.

What should investors watch next regarding banks?

Track deposit flows, net interest margins, loan-loss provisions, and commentary on commercial real estate. Monitor credit spreads and liquidity conditions. If a second bank failure occurs, reassess sector weights and risk controls. Use position sizing and stop-loss rules to manage volatility without abandoning long-term goals.

Global Market Insights

^GSPC Today: January 31 FDIC Resolves Chicago Bank; Contagion Muted

ByDanny Kontos February 1, 2026

Metropolitan Capital Bank 2026 moved into focus after the FDIC closed Metropolitan Capital Bank & Trust and transferred all deposits to First Independence Bank. Regulators estimate a $19.7 million hit to the Deposit Insurance Fund. Based on today’s action, access to deposits remains in place and market contagion looks limited. The S&P 500 (^GSPC) showed a muted response as investors weighed headline risk against solid liquidity backstops. We explain what happened, why it matters, and what to watch next.