FIRST COMMERCIAL BANK Failed 2012
What happened
FIRST COMMERCIAL BANK of BLOOMINGTON, MN was closed on 2012-09-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to REPUBLIC BANK & TRUST COMPANY (LOUISVILLE, KY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4023
- FDIC Certificate
- 35246
- FDIC FIN
- 10457
- Bank name
- FIRST COMMERCIAL BANK
- Location
- BLOOMINGTON, MN
- Failure date
- 2012-09-07
- FDIC resolution date
- 2012-09-07
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $65M
- Deposits at failure
- $207M
- Assets at failure
- $216M
- Acquiring bank
- REPUBLIC BANK & TRUST COMPANY (LOUISVILLE, KY)
Other banks REPUBLIC BANK & TRUST COMPANY acquired in FDIC resolutions