According to @BullTheoryio, Chicago's Metropolitan Capital Bank & Trust was closed by Illinois regulators for unsafe conditions and weak capital, marking the first U.S. bank failure of 2026, with reported assets of $261 million, deposits of $212 million, and an estimated $19.7 million hit to the FDIC insurance fund (source: @BullTheoryio).

According to Maxfield on Banks, Nic Carter provides an excellent analysis of the Silvergate failure in his latest podcast, which is crucial for traders understanding the bank's impact on cryptocurrency markets.