First Commercial Bank of Bloomington, Minnesota becomes the 41st U.S. bank failure of the year. Republic Bank & Trust of Louisville, Kentucky will assume about $207M in deposits and acquire assets with a book value of approximately $194M at a discount of $79M. The total cost to the FDIC's deposit-insurance fund: $63.9M.
First Commercial Bank of Bloomington, Minnesota becomes the 41st U.S. bank failure of the year....
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