Metropolitan Capital

What Metropolitan Capital does

Metropolitan Capital Bank & Trust was a privately held, single-branch community bank headquartered at 9 E Ontario St in Chicago, Illinois. Founded in 2005 and operating with 51–100 employees, the bank targeted entrepreneurs and the small- to medium-sized businesses they owned, offering commercial real estate lending, SBA loans, deposit accounts, and wealth management and trust services for high-net-worth individuals. Its product suite comprised four core offerings: an online banking platform with iOS and Android mobile apps, a wealth management and trust services line, small-to-medium business banking including commercial real estate and SBA lending, and a native mobile banking application.

The bank's revenue model combined net interest income from its loan portfolio and deposit base with fee income from wealth management, trust, and treasury services. As of September 30, 2025, the institution reported $261.1 million in total assets and $212.1 million in total deposits, placing it among the smallest tier of state-chartered banks. Distribution was entirely domestic, concentrated in the Midwest, and delivered through one physical branch plus digital channels.

The bank's existence as an independent operating entity ended on January 30, 2026, when the Illinois Department of Financial and Professional Regulation closed it and the FDIC was appointed receiver. The closure stemmed from a troubled $4.5 million commercial real estate loan originated in 2014 to entities controlled by Chicago investor Zvi Feiner, which was junior to a $146 million defaulted HUD-insured mortgage; an Illinois appellate court ruled in 2020 that the bank failed to conduct basic due diligence on the loan. A 2019 FDIC consent order had previously cited unsafe and unsound conditions, impaired capital, and substandard lending practices. First Independence Bank of Detroit assumed all deposits and approximately $251 million of assets, reopening the former Chicago branch under its own brand on February 2, 2026. The FDIC estimated the failure would cost the Deposit Insurance Fund approximately $19.7 million. Metropolitan Capital was the first FDIC-insured bank failure of 2026.

Name

Metropolitan Capital

Legal name

Metropolitan Capital Bank & Trust

Website

https://metcapbank.com

Company type

Private

Founded year

2005

Operating status

Closed

Headcount range

51–100 employees

Short description

Metropolitan Capital Bank & Trust was a Chicago-based, single-branch community bank serving small- to medium-sized businesses with commercial lending, wealth management, and digital banking. Operations ceased on January 30, 2026, when First Independence Bank assumed all deposits and assets.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

State Commercial Banks (6022), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Savings Banks (Public/State-Owned) (FSABAKAK), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Commercial real estate lending
• Small business banking
• Wealth management services
• Mobile banking platform

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Distribution channels2 records

Marketing channels1 record

Core offering

Metropolitan Capital Bank & Trust operated as a single-branch Chicago community bank delivering commercial and consumer deposit accounts, commercial real estate and SBA lending, online and mobile banking, and wealth management and trust services. Its deposit gathering, lending, and wealth management activities were the primary revenue-generating lines, with the bank targeting entrepreneurs and the small-to-medium businesses they own and operate in the Chicago market.

Product overview

Metropolitan Capital Bank & Trust was a Chicago-based community bank offering a unified suite of banking services primarily focused on small-to-medium sized business clients. The bank's product portfolio centered on four core offerings: Online Banking (digital platform for account management), Wealth Management & Trust Services (investment and estate planning), Small-to-Medium Business Banking (commercial lending including commercial real estate and SBA loans), and a Mobile Banking App (iOS and Android native application). Following its closure on January 30, 2026, all deposits and assets were assumed by First Independence Bank.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Banking Web-based digital banking platform enabling customers to access accounts, transfer funds, pay bills, and manage finances through online interfaces. Targeted at retail and small business deposit customers of Metropolitan Capital Bank & Trust.
• Metropolitan Capital Bank Mobile App Native mobile banking application available on iOS and Android platforms enabling secure account access, transactions, and banking services on mobile devices.
• Wealth Management & Trust Services Investment management and trust services for high-net-worth individuals and business owners, including portfolio management and estate planning, with integrated access to the Black Diamond Portal for consolidated reporting.
• Small-to-Medium Business Banking Commercial banking services focused on small-to-medium sized businesses, including commercial real estate lending and SBA loans.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• First Independence BankcoreOthers · 30 January 2026Following the FDIC-assisted transaction on January 30, 2026, First Independence Bank of Detroit, MI assumed substantially all deposits and acquired approximately $251 million of Metropolitan Capital Bank & Trust's assets. The Chicago branch was reopened as a First Independence Bank location on February 2, 2026, offering both in-person and digital banking services. The FDIC was appointed as receiver for the failed bank.

Scale indicators6 records

Recent moves5 records

Direct peers

• Inland Bank and Trust: Illinois-chartered community bank headquartered in Oak Brook, IL, providing SMB and commercial banking services across the Chicago metro. Comparable as a state-chartered Illinois community bank with overlapping SMB and CRE lending focus.
• First Bank Chicago: Chicago-based community bank focused on small to mid-sized businesses. Closely comparable in target customer segment (SMBs and entrepreneurs), product offering, and Chicago market focus.
• Libertyville Bank & Trust: Community bank within the Wintrust Financial network serving Chicago's northern suburbs. Comparable as a single-market community bank offering SMB banking, deposits, and wealth management — closely matching Metropolitan Capital's product mix.
• Byline Bank: Chicago-based community bank formed from the FDIC-assisted acquisition of Ridgestone Bank in 2015. Directly comparable as a Chicago SMB-focused community bank with a similar deposit and small-business lending franchise; Byline's origin via FDIC-assisted deal closely mirrors Metropolitan Capital's outcome.
• First Independence Bank: Detroit-based community bank that assumed all deposits and ~$251M of Metropolitan Capital's assets in the January 30, 2026 FDIC-assisted transaction. Comparable as a small, privately held community bank with a similar deposit-taking and SMB-lending profile, and is now the direct successor franchise in Chicago.
• Bridgeview Bank Group: Chicago-area community bank serving SMBs and entrepreneurs with commercial banking and lending products. Comparable in size, geography, and target customer segment (small businesses and owner-operators) to Metropolitan Capital.
• Oak Brook Bank: Illinois-chartered community bank serving the western Chicago suburbs with SMB and commercial banking services. Comparable as a similarly-sized Illinois community bank with overlapping deposit and CRE lending focus.
• Beverly Bank & Trust Company: Chicago South Side community bank (also part of Wintrust) offering SMB and consumer banking. Comparable in product scope (deposits, lending, wealth services) and community-bank positioning to Metropolitan Capital.

Broad incumbents

• Wintrust Financial Corporation: Rosemont, IL-based bank holding company operating a network of community banks across Chicago and the Midwest. Comparable as a Chicago-area SMB-focused community banking platform, though at significantly larger scale and broader geographic footprint.

Regional players

• Pacific Global Bank: Chicago-based community bank with a comparable small-business and commercial lending profile. Relevant as a similarly-sized Chicago community bank competitor in the same geographic market.

Market position

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/metcapbank
• LinkedInlinkedin.com/company/metcapbank
• Instagraminstagram.com/metcapbank

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metropolitan Capital