Bloomington-based First Commercial Bank is no more. But it will open its doors Monday under the name of Republic Bank & Trust, a Louisville bank that agreed to buy First Commercial's assets from the FDIC.
The FDIC seized First Commercial's assets after the bank was shut down by the state Commerce Department late Friday. The Star Tribune reports First Commercial had a rocky 13-year history, which includes a criminal investigation of its former chairman, ex-Vikings star Stu Voigt.
The site Problem Bank List says failed commercial real estate loans, together with Voigt's problems, brought down First Commercial.
The FDIC has put together information for depositors and other customers of First Commercial.