The Federal Deposit Insurance Corp. is looking to ban a former Tennessee banker from the industry following his institution's 2012 failure.

The FDIC disclosed Friday a notice of its intention to prohibit Michael R. Sapp, the former president and chief executive of Tennessee Commerce Bank in Franklin, from further participating in the affairs of an insured institution without prior written consent of the FDIC or other appropriate federal regulators. The $1.2 billion-asset Tennessee Commerce was seized by regulators in January 2012 and the failure was projected to cost the Deposit Insurance Fund $417 million.

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