State regulators closed Fidelity Bank of Dearborn, Michigan over the weekend, the first bank in Michigan to fail and the 16th in the nation to go dark.
""Huntington National Bank"":https://www.huntington.com/ of Columbus, Ohio will acquire the $818.2 million in deposits and purchase the $747.6 million in assets of the failed bank.
The 15 branches of Fidelity reopened Saturday as Huntington National.
The estimated cost to FDIC's insurance fund is $92.8 million. Last year, regulators closed 92 FDIC-insured banks, compared to 157 closings in 2010.