Bank failure · MN

First Commercial Bank (Bloomington, MN) — failed September 7, 2012

First Commercial Bank of Bloomington, Minnesota was closed on September 7, 2012 and resolved through a purchase and assumption. Republic Bank & Trust Company (KY) took over its insured deposits. At failure it held $215.9M in assets and $206.8M in deposits. The FDIC's estimated loss on the failure is $65.2M (30.2% of assets).