On Friday, February 10, 2012, SCB Bank was closed by the Office of the Comptroller of the Currency. The FDIC was named Receiver. First Merchants Bank, National Association (N.A.), Muncie, IN acquired all deposit accounts, excluding the Cede & Co. deposits.
The FDIC as Receiver for SCB Bank, Shelbyville, IN has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on November 17, 2022 and has made all dividend distributions required by law.
Effective July 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: FIRST MERCHANTS BANK, N.A.
About First Merchants Bank, N.A.
All deposit accounts, excluding the Cede & Co. deposits, were transferred to First Merchants Bank, N.A., Muncie, IN ("assuming institution"). Former SCB Bank locations reopened as branches of First Merchants Bank, N.A.
Your transferred deposits were separately insured from any accounts you may have already had at First Merchants Bank, N.A. for at least six months after the failure of SCB Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with First Merchants Bank, N.A. as long as the deposits are not pledged as collateral for loans.
Contacting First Merchants Bank, N.A.
You can contact First Merchants Bank, N.A.:
First Merchants Bank, N.A.
60 Neptune Boulevard
Neptune Township, NJ 07753
Transaction Documentation
Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank