 However, the trio of Value Merchants stores closed after Christmas 1993, and the Elder-Beerman outlet closed in late 1995, both due to the respective companies filing for bankruptcy.Swifton Commons was foreclosed on in 1996 when the DeBartolo corporation defaulted on loans.It was put up for auction at a sheriff's sale in August 1996, but attracted no buyers; a second auction in October of the same year resulted in the mall getting sold to Star Bank for $2.2 million.