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Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →The FDIC’s latest available 2026 summary lists two U.S. bank failures, not six. The two institutions had about $549.1 million in combined assets, calculated by adding the FDIC’s rounded figures. By comparison, five banks failed in 2023, with $532.2 billion in reported assets. The counts are close; the reported financial scale is not.
Did six U.S. banks fail in 2026?
No. The Federal Deposit Insurance Corporation (FDIC) lists two failures in its 2026 in-brief summary: Metropolitan Capital Bank & Trust in January and Community Bank and Trust – West Georgia in May. The FDIC’s BankFind failure data confirms those two 2026 records. The six-bank claim is not supported by the official entries available for this comparison.
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Which banks failed in 2026?
| Bank and location | Closure date | Approximate assets | Approximate deposits | Resolution |
|---|---|---|---|---|
| Metropolitan Capital Bank & Trust, Chicago, Illinois | January 30, 2026 | $261.1 million | $212.1 million | First Independence Bank, Detroit, assumed substantially all deposits and assets. |
| Community Bank and Trust – West Georgia, LaGrange, Georgia | May 1, 2026 | $288.0 million | $268.0 million | Anchor Bank, Palm Beach Gardens, assumed substantially all insured deposits and certain assets. |
Figures and resolution details are from the FDIC’s 2026 summary. The combined 2026 totals below are arithmetic sums of the two rounded approximate entries, not a separately published FDIC aggregate.
How does 2026 compare with 2023?
| Period | FDIC-listed failures | Failed-institution assets | Deposits | Measurement basis |
|---|---|---|---|---|
| 2026, latest FDIC summary available | 2 | About $549.1 million | About $480.1 million | Calculated by adding rounded approximate figures in FDIC press-release summaries. |
| Calendar 2023 | 5 | $532.2 billion | $440.6 billion | Values from the last quarterly Call Report filed before each failure. |
The 2023 counts and totals come from the FDIC’s 2023 Annual Report. The asset and deposit figures are not perfectly like-for-like: 2026’s are approximate press-release figures, while 2023’s use the last quarterly Call Report before failure. Even with that qualification, the contrast is striking: 2023’s reported failed-bank assets were more than $532 billion, against roughly $549 million across the two 2026 entries.
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Why do two years with similar failure counts look so different?
A failure count gives each institution the same weight, whether it is small or large. Asset and deposit totals show the size of the institutions involved. In 2023, five failures included banks whose scale drove the aggregate into the hundreds of billions of dollars; the two banks listed for 2026 were each reported at under $300 million in approximate assets.
That is why “how many banks failed?” and “how large were the failures?” are separate questions. Neither the count nor the combined totals alone establish whether the U.S. banking system as a whole is safe or unsafe.
What happens to customers when a bank fails?
In these two cases, the FDIC summary describes transactions in which another bank assumed deposits and specified assets. For Community Bank and Trust – West Georgia, the FDIC says the acquiring bank assumed substantially all insured deposits and certain assets; it also notes that the failed bank’s holding company was not involved in the transaction. A deposit resolution does not mean the holding company or shareholders were acquired.
Whether a depositor’s money is insured depends on applicable FDIC limits and account ownership details. The existence of an acquiring-bank transaction should not be read as a blanket guarantee for every depositor or every balance.
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Where can you verify bank-failure records?
The FDIC’s BankFind failure and assistance database provides historical records for FDIC-insured institutions. Its Failed Bank List is another official reference. For a year-specific count, check the entries and date coverage shown on the FDIC page rather than relying on an unsourced headline.
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