39 failures since 1934 · $922 million estimated loss

Bank failures in Indiana

Indiana has 39 bank failures on FDIC record since 1934, 1.1% of the national total and the 26th-highest count of any state or territory. The worst year was 1936, with 7. Since 2000 there have been 4; the most recent was Kentland Federal Savings and Loan Association on July 10, 2026. The largest by assets was Irwin Union Bank and Trust Company of Columbus, with $2.8 billion, in 2009.

Failures per year in Indiana. By decade: 1930s 15, 1940s 5, 1980s 11, 1990s 4, 2000s 1, 2010s 2, 2020s 1.

4 failures since 2000, newest first
Closed	Bank	Location	Total assets	Est. loss
July 10, 2026	Kentland Federal Savings and Loan Association	Kentland, IN	$3.8 million	$1.2 million
February 10, 2012	SCB Bank	Shelbyville, IN	$183 million	$38.3 million
July 29, 2011	Integra Bank National Association	Evansville, IN	$2.0 billion	$26.2 million
September 18, 2009	Irwin Union Bank and Trust Company	Columbus, IN	$2.8 billion	$756 million

35 failures from 1934 to 1999, newest first
Closed	Bank	Location	Total assets	Est. loss
December 18, 1992	The Rushville National Bank	Rushville, IN	$41.6 million	$6.0 million
November 14, 1991	Worthington State Bank	Worthington, IN	$36.6 million	$1.4 million
June 14, 1991	First Commerce Bank, A FSB	Lowell, IN	$10.9 million	$1.4 million
June 8, 1990	Hometown Federal Savings Bank	Delphi, IN	$64.7 million	$8.1 million
November 16, 1989	First Savings and Loan Association of Central Indiana	Anderson, IN	$192 million	$15.1 million
July 13, 1989	Pioneer Federal Savings and Loan Association	Plymouth, IN	$81.0 million	$1.2 million
October 3, 1988	Liberty Bank and Trust Company	Warsaw, IN	$48.7 million	$7.8 million
April 29, 1988	American Federal Savings and Loan Association	Anderson, IN	$146 million	$41.5 million
April 10, 1987	The Citizens State Bank	Brownstown, IN	$29.0 million	$1.3 million
March 20, 1987	Morocco State Bank	Morocco, IN	$16.3 million	$1.7 million
January 29, 1987	The Farmers National Bank of Remington	Remington, IN	$34.7 million	$7.8 million
April 3, 1986	Industrial National Bank of East Chicago	East Chicago, IN	$8.4 million	$1.2 million
November 22, 1985	Allen County Bank and Trust Company	Leo, IN	$10.9 million	none
August 10, 1984	Peoples State Bank of Clay County	Poland, IN	$17.7 million	$5.1 million
April 19, 1984	The Shelby National Bank of Shelbyville	Shelbyville, IN	$67.8 million	$378 thousand
October 8, 1949	Farmers & Merchants State Bank	Spencerville, IN	$354 thousand	not estimated
February 19, 1949	The First National Bank of Dyer	Dyer, IN	$3.2 million	not estimated
May 12, 1944	The Brownville State Bank	Brownsville, IN	$447 thousand	not estimated
June 22, 1940	The Lucerne State Bank	Lucerne, IN	$195 thousand	not estimated
May 9, 1940	Mackey State Bank	Mackey, IN	$40 thousand	not estimated
March 18, 1939	The Fulton State Bank	Fulton, IN	$168 thousand	not estimated
February 16, 1939	The St. Joseph Loan & Trust Company	South Bend, IN	not reported	not estimated
February 16, 1939	St. Joseph County Savings Bank	South Bend, IN	not reported	not estimated
March 18, 1938	The Borden State Bank	Borden, IN	$165 thousand	not estimated
November 4, 1937	Commercial Bank & Trust Company	Union City, IN	$853 thousand	not estimated
July 20, 1937	Michigan City Trust & Savings Bank	Michigan City, IN	not reported	not estimated
June 15, 1937	The Romney Bank	Romney, IN	$64 thousand	not estimated
December 7, 1936	The Union State Bank	Crothersville, IN	$248 thousand	not estimated
December 5, 1936	Citizens State Bank	Palmyra, IN	$350 thousand	not estimated
December 5, 1936	Scottsburg State Bank	Scottsburg, IN	$563 thousand	not estimated
August 14, 1936	Cumberland Bank	Cumberland, IN	$87 thousand	not estimated
May 28, 1936	Holton State Bank	Holton, IN	$204 thousand	not estimated
March 28, 1936	The Earl Park State Bank	Earl Park, IN	$181 thousand	not estimated
February 18, 1936	Columbia State Bank	Columbia City, IN	$906 thousand	not estimated
July 18, 1934	Florence Deposit Bank	Florence, IN	$105 thousand	not estimated

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