SCB Bank of Indiana Fails Under Weight Of Bad Loans

SCB Bank, Shelbyville, Indiana, was closed today by the Office of the Comptroller of the Currency,which appointed the FDIC as receiver.   Acting as receiver, the FDIC sold the failed bank to First Merchants Bank, National Association, Muncie, Indiana. SCB Bank had been struggling under the weight of nonperforming loans since 2009.  The Bank had a […]