SCB BANK Failed 2012
What happened
SCB BANK of SHELBYVILLE, IN was closed on 2012-02-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST MERCHANTS BANK, NATIONAL ASSOCIATION (MUNCIE, IN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3991
- FDIC Certificate
- 29761
- FDIC FIN
- 10425
- Bank name
- SCB BANK
- Location
- SHELBYVILLE, IN
- Failure date
- 2012-02-10
- FDIC resolution date
- 2012-02-10
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $38M
- Deposits at failure
- $171M
- Assets at failure
- $183M
- Acquiring bank
- FIRST MERCHANTS BANK, NATIONAL ASSOCIATION (MUNCIE, IN)