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First Independence Bank in Detroit Acquires Nearly All Assets of Chicago Bank

First Independence Bank in Detroit has acquired substantially all of the deposits and assets by entering into a purchase and assumption agreement with the Federal Deposit Insurance Corp. (FDIC) as receiver of Metropolitan Capital Bank & Trust in Chicago. The Illinois Department of Financial and Professional Regulation closed Metropolitan Capital Bank & Trust on Friday. According to the FDIC, as of Sept. 30, 2025, Metropolitan Capital Bank & Trust had total assets of $261.1 million and total deposits of