Metropolitan Capital Bank & Trust, Chicago, IL
Closing Date: January 30, 2026
Failed Bank Information for Metropolitan Capital Bank & Trust, Chicago, IL
Purchase and Assumption Agreement (P&A) Bids
| Bidder | Winning and Other Bids | Transaction Type | Deposits Passing | Deposit Premium | Asset Discount ($000) | Combined Loan Pool Bid (% of Book Value) | Optional Commercial Shared Loss | Optional Other Real Estate Owned (% of Book Value) | Optional Securities (% of Book Value) | Optional Subsidiaries (% of Book Value) | Conforming Bid (Y/N) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| First Independence Bank Detroit, MI | Winning Bid | Whole Bank P&A | All Deposits | 5.00% | ($15,973) | N/A | No Shared Loss | N/A | 100.00% | Waive | N1 |
| Other | N/A | Whole Bank P&A | All Deposits | 5.00% | ($22,010) | N/A | No Shared Loss | N/A | 100.00% | Waive | Y |
| Other | N/A | Whole Bank P&A | All Deposits | 0.00% | ($45,000) | N/A | 80.00% | N/A | Waive | 100.00% | N2 |
| Other | N/A | Whole Bank P&A | All Deposits | 0.00% | ($60,000) | N/A | 80.00% | N/A | Waive | Waive | N3 |
| Other | N/A | Whole Bank P&A | Insured Deposits | 0.00% | ($61,000) | N/A | 80.00% | N/A | Waive | 100.00% | N2 |
| Other | N/A | Whole Bank P&A | All Deposits | 0.00% | ($87,695) | N/A | No Shared Loss | N/A | Waive | Waive | Y |
| Other | N/A | Whole Bank P&A | All Deposits | 0.00% | ($90,000) | N/A | 80.00% | N/A | Waive | 100.00% | Y |
| Other | N/A | Whole Bank P&A | All Deposits | 0.00% | ($100,000) | N/A | No Shared Loss | N/A | Waive | 100.00% | N2 |
| Other | N/A | Whole Bank P&A | Insured Deposits | 0.00% | ($102,000) | N/A | No Shared Loss | N/A | Waive | 100.00% | N2 |
| Other | N/A | Basic P&A | All Deposits | 3.00% | N/A | 45.00% | No Shared Loss | Waive | Waive | Waive | Y |
Bid Notes:
1Excludes certain loans.
2Excludes other real estate owned.
3Requests to assume all excluded brokered deposits.
Bidder Names & Locations:
Anchor Bank, Palm Beach Gardens, FL
First Independence Bank, Detroit, MI
Liberty Bank and Trust Company, New Orleans, LA
Porticoes National Bank, Chicago, IL
State Bank of Texas, Dallas, TX
Stearns Bank, St. Cloud, MN
Notes:
- Bidders can submit multiple bids.
- The winning bidder’s acquisition of the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets.
- The cover bid is identified one year after failure and is: a) less costly than liquidation, b) the least costly bid after excluding all bids submitted by the winning bidder.
- The "Other" bids represented in the chart are sorted by transaction type and asset discount (not in least costly order).
- For more information on the transaction types, see FDIC's Franchise Sales web page.
- For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.