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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for First Commercial Bank, Bloomington, MN

On September 7, 2012, First Commercial Bank was closed by the Minnesota Department of Commerce. The FDIC was named Receiver. Republic Bank & Trust Company, Louisville, KY acquired all deposit accounts.

The FDIC as Receiver for First Commercial Bank, Bloomington, MN has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 6, 2018 and has made all dividend distributions required by law.

Effective July 1, 2018, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination (www.federalregister.gov)

Effective Date: July 1, 2018


Notice of Intent to Terminate (www.federalregister.gov)

Publication Date: February 6, 2018

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: REPUBLIC BANK & TRUST COMPANY

About Republic Bank & Trust Company

All deposit accounts, including brokered deposits, were transferred to Republic Bank & Trust Company, Louisville, KY ("assuming institution"). Former First Commercial Bank locations reopened as branches of Republic Bank & Trust Company.

Your transferred deposits were separately insured from any accounts you may have already had at Republic Bank & Trust Company for at least six months after the failure of First Commercial Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Republic Bank & Trust Company as long as the deposits are not pledged as collateral for loans.

Contacting Republic Bank & Trust Company

You can contact Republic Bank & Trust Company:

Republic Bank & Trust Company
601 West Market Street
Louisville, KY 40202

Republic Bank & Trust Company (www.republicbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (4Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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