Fidelity Bank of Dearborn, Michigan is the 16th U.S. bank to fail this year. Huntington National...

|About: Huntington Bancshares Incor... (HBAN)|By:, SA News Editor

Fidelity Bank of Dearborn, Michigan is the 16th U.S. bank to fail this year. Huntington National Bank, a part of Huntington Bancshares (HBAN) will buy the $818.2M in assets and assume the $747.6M in deposits at Fidelity's 15 branches. The cost to the FDIC's deposit-insurance fund is $92.8M . Fidelity is Michigan's first failed bank of the year.