Charter National Bank and Trust of Hoffman Estates, Ill., and SCB Bank of Shelbyville, Ind.,...

|By:, SA News Editor

Charter National Bank and Trust of Hoffman Estates, Ill., and SCB Bank of Shelbyville, Ind., were closed by FDIC regulators today, bringing the total bank failures for 2012 to nine. Barrington Bank & Trust Co. of Barrington, Ill., will assume all the deposits and purchase the assets of Charter National Bank, and First Merchants Bank of Muncie, Ind., will do the same for SCB Bank. The combined hit to the FDIC: $51.3M.