Data / Bank failures / 1984 / The Shelby Nat BK of Shelbyville
The Shelby Nat BK of Shelbyville, Shelbyville, IN: failed April 19, 1984
The Shelby Nat BK of Shelbyville in Shelbyville, Indiana, failed on April 19, 1984. American Fletcher NB&T C of Indianapolis, IN, took over its deposits. It held $67.8 million in assets and $65.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $378,072 (0.6% of its assets). By assets it was the 25th largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- April 19, 1984
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- American Fletcher NB&T C, Indianapolis, IN
- Total assets
- $67,778,000
- Total deposits
- $65,542,000
- Estimated cost to the FDIC
- $378,072 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 4380
Other bank failures in Indiana, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Industrial National Bank of East Chicago | East Chicago | April 3, 1986 | $8.4 million | $8.1 million | $1.2 million | Mercantile NB of Indiana |
| Allen County Bank and Trust Company | Leo | November 22, 1985 | $10.9 million | $10.5 million | Indiana National Bank | |
| Union FS&LA (assistance) | Indianapolis | September 7, 1984 | $309.3 million | $285.9 million | $26.8 million | Union FS&LA |
| Peoples State Bank of Clay County | Poland | August 10, 1984 | $17.7 million | $17.1 million | $5.1 million | First State Bank |
| FT. Wayne FS&LA (assistance) | Fort Wayne | November 14, 1983 | $37 million | $31 million | $2.2 million | Standard FS&LA |
| American FS&LA (assistance) | Fort Wayne | November 14, 1983 | $55.4 million | $46.4 million | $3.4 million | Standard FS&LA |
| South Bend FS&LA (assistance) | South Bend | November 14, 1983 | $71.4 million | $71.5 million | $4.7 million | Standard FS&LA |
| First FS&LA of FT. Wayne (assistance) | Fort Wayne | November 14, 1983 | $298.1 million | $267.2 million | $17.3 million | Standard FS&LA |
All bank failures in 1984 · All bank failures in Indiana · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.