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First Commercial Bank of Bloomington, Minnesota becomes the 41st U.S. bank failure of the year....

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.
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