Episode Details

Community Bank & Trust became the second bank failure of 2026 and the first bank failure in the state of Georgia in 10 years. Community Bank and Trust – West Georgia was closed by the FDIC on May 1, 2026. The bank had $288 million in assets as of December 31, 2025. The Federal Reserve had ordered the holding company of the bank to bolster board oversight and increase its capital position in April. All the bank’s deposits and some of its assets have been taken over by Anchor Bank out of Florida. This bank failure is expected to cost the FDIC fund approximately $97 million. The first bank to fail in 2026 was Metropolitan Capital Bank & Trust in Chicago. This episode reviewed articles from S&P Global and Banking Dive.