NEW YORK ( TheStreet) -- State regulators on Friday closed Fidelity Bank of Dearborn, Mich., bringing this year's total number of bank failures to 16.
Fidelity Bank had $818.2 million in total assets and $747.6 million in deposits when it was closed by the Michigan Office of Financial and Insurance Regulation, which appointed the Federal Deposit Insurance Corp. as receiver.
Thorough Bank Failure CoverageFidelity Bank was the first Michigan institution to fail this year. All 429 previous bank and thrift closures since the beginning of 2008 are detailed in TheStreet's interactive bank failure map:
Philip van Doorn. To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn.
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