The Federal Deposit Insurance Corp. seized Bloomington-based First Commercial Bank, making it the fourth federally insured institution in Minnesota to fail this year. So far in 2012, 41 banks have failed nationwide. A Kentucky-based bank and trust company will assume First Commercial's deposits and purchase essentially all of the failed bank's assets
Police: 15-year-old missing from home north of Twin Cities
Authorities say he may be headed to the metro.
5,760 cases of Capri-Sun recalled as they might contain cleaning fluid
"The taste of fun" isn't that fun currently...
25-year-old Hopkins man drowns after falling off boat
The man reportedly fell from the boat while fishing with friends.
New report details hate crimes in Minnesota last year
Hate crimes in Minnesota rose in 2021.
Low cancels Europe shows due to Mimi Parker's cancer treatment
The Duluth band says the decision follows 'recent changes' in Parker's treatment.
Twin Cities LA Fitness closed after fire Monday morning
The gym will remain closed for the day.
State contacts over 100 landowners in Rush Creek fish kill investigation
The deaths of the fish remain unexplained.
Wisconsin man admits to 1992 revenge killings 15 years after boyhood tragedy
The 52-year-old man is in custody 30 years after the 1992 double murder.
Chapel of Love set to close at Mall of America after nearly 30 years
The owner cited retirement as the reason for the closure.
Man stabbed to death in his Minneapolis home identified
The victim's wife had an order of protection out against the suspect.
Bloomington bank shut by regulators starts new life Monday
The Bloomington bank that's been known as First Commercial will open its doors as part of Republic Bank & Trust on Monday. Regulators shut down the bank after closing on Friday. The FDIC arranged a sale of its assets to Republic, which is based in Louisville, Kentucky. It's Minnesota fourth bank failure this year.
St. Cloud-based Stearns Bank buys Georgia banking company
St. Cloud-based Stearns Bank purchased all of the assets of the three-branch Jasper Banking Co. of Jasper, Ga., after regulators shut the bank down Friday, according to the Federal Deposit Insurance Corp. Since 2008, Stearns has purchased eight failed banks in government-assisted sales.
FDIC shutters another Minnesota bank
Maple Grove-based InterBank was among four banks in three states closed by federal regulators Friday. Great Southern Bank based in Missouri will taken over InterBanks's four branches in the Twin Cities metro starting Monday. The FDIC has now closed 21 failed U.S. banks this year.
Bloomington mortgage firm exec charged with bank fraud
Federal prosecutors Joseph Traxler, formerly the chief financial officer and senior vice president of Centennial Mortgage and Funding, defrauded American Bank of St. Paul of about $8 million.
Free checking returns to TCF Bank
Wayzata-based TCF Financial Corp. says it is eliminating monthly account maintenance fees for all customers, regardless of minimum balance, direct deposit or transaction level requirements. The Business Journal notes TCF Bank began charging fees in early 2010 after new federal regulations were expected to reduce revenue from overdraft fees.
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