First Merchants Bank National Association acquired essentially all the assets of SCB Bank from Blue River Bancshares Inc. (OTCBB: BRBI) on February 10, 2012. First Merchants will purchase approximately $117 million of loans and assume $136 million of deposits. Depositors of SCB Bank will automatically become depositors of First Merchants Bank. Federal Deposit Insurance Corporation (FDIC) acted as receiver for SCB. As of December 31, 2011, SCB Bank had approximately $182.6 million in total assets and $171.6 million in total deposits. The acquisition does not include any loss sharing agreements with the FDIC. The deal is subject to approval by any governmental authority, the Board of Directors of First Merchants Bank, and third party. The transaction is immediately accreative for First Merchants Bank. Sandler O'Neill + Partners, L.P. acted as financial advisor for First Merchants Bank. Jeremy Hill of Bingham Greenebaum Doll LLP acted as legal advisor to First Merchants Bank. First Merchants Bank National Association completed the acquisition of essentially all the assets of SCB Bank from Blue River Bancshares Inc. (OTCBB: BRBI) on February 10, 2012.