Data / Bank failures / 2012 / First Commercial Bank
First Commercial Bank, Bloomington, MN: failed September 7, 2012
First Commercial Bank in Bloomington, Minnesota, failed on September 7, 2012. Republic Bank & Trust Company of Louisville, KY, took over its deposits. It held $215.9 million in assets and $206.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $65.2 million (30.2% of its assets). By assets it was the 17th largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- September 7, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Republic Bank & Trust Company, Louisville, KY
- Total assets
- $215,867,000
- Total deposits
- $206,809,000
- Estimated cost to the FDIC
- $65,212,542 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 35246
Other bank failures in Minnesota, 2010 to 2014
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Northern Star Bank | Mankato | December 19, 2014 | $18.8 million | $18.2 million | $3.9 million | Bankvista |
| 1ST Regents Bank | Andover | January 18, 2013 | $49.6 million | $49.1 million | $12.2 million | First Minnesota Bank |
| Inter Savings Bank, FSB D/b/a/ Interbank, FSB | Maple Grove | April 27, 2012 | $463.8 million | $458.1 million | $79.7 million | Great Southern Bank |
| Home Savings of America | Little Falls | February 24, 2012 | $434.1 million | $432.2 million | $43 million | |
| Patriot Bank Minnesota | Forest Lake | January 27, 2012 | $105 million | $102.8 million | $35.3 million | First Resource Bank |
| The Riverbank | Wyoming | October 7, 2011 | $419.7 million | $384.1 million | $71.2 million | Central Bank |
| Rosemount National Bank | Rosemount | April 15, 2011 | $21.5 million | $21 million | $5.4 million | Central Bank |
| Community National Bank | Lino Lakes | December 17, 2010 | $31.6 million | $28.8 million | $5.8 million | Farmers & Merchants Savings Bank |
Other failed banks Republic Bank & Trust Company took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Tennessee Commerce Bank | Franklin | TN | January 27, 2012 | $1.01 billion | $1.04 billion | $351.8 million | Republic Bank & Trust Company |
All bank failures in 2012 · All bank failures in Minnesota · Every failed bank Republic Bank & Trust Company took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.