Bank failure · MI

Fidelity Bank (Dearborn, MI) — failed March 30, 2012

Fidelity Bank of Dearborn, Michigan was closed on March 30, 2012 and resolved through a purchase and assumption. The Huntington National Bank (OH) took over its insured deposits. At failure it held $818.2M in assets and $747.6M in deposits. The FDIC's estimated loss on the failure is $97.2M (11.9% of assets).