DEARBORN — The Huntington Bank corporation announced late last week that it purchased Fidelity Bank after the Federal Deposit Insurance Corporation closed it down.
The Dearborn Bank has 15 branches and more than 800 in assets according to mlive.com. It is the first such institution to fail in Michigan this year according to the report.
Huntington National Bank of Columbus, Ohio has agreed to essentially buy all of its assets and to assume its deposits. In late June, former Fidelity Bank customers’ accounts will be converted to Huntington’s systems. Former Fidelity customers are expected to have access to Huntington’s 1,300 network of ATMs this month.
Those with questions can call their local banking office or Huntington at 866.375.6502, or visit the company’s website at www.hungtington.com/fidbank.