First Commercial Bank, Minnesota, Closed By Regulators

First Commercial Bank, Bloomington, MN, was closed today by the Minnesota Department of Commerce.  The FDIC, which was named as receiver, sold the failed bank to Republic Bank & Trust Company, Louisville, KY. Founded in 1999, First Commercial Bank was a privately held company with total assets of $215.9 million as of June 30, 2012. […]

BankEast, Knoxville, TN, Closed By Regulators

Until today, the State of Tennessee, had seemed isolated from the banking crisis.  For almost a decade, there were no banking failures in Tennessee, with the last one occurring on November 8, 2002. Tennessee’s luck came to an abrupt halt today with the closing of two banks – Tennessee Commerce Bank of Franklin, TN and […]