Bank failure · IN

Scb Bank (Shelbyville, IN) — failed February 10, 2012

Scb Bank of Shelbyville, Indiana was closed on February 10, 2012 and resolved through a purchase and assumption. First Merchants Bank, National Association (IN) took over its insured deposits. At failure it held $182.6M in assets and $171.4M in deposits. The FDIC's estimated loss on the failure is $38.3M (21.0% of assets).