Banks in Michigan, Minnesota and Colorado failed on Friday, marking the 96th, 97th and 98th failures so far this year.

In the case of Warren Bank of Warren, Mich., Huntington National Bank of Huntington, Ohio, agreed to assume all its deposits.

Warren Bank had $538 million in assets and deposits of $501 million as of July 31. The Federal Deposit Insurance Corp. said Huntington would pay a premium of 0.27% to assume Warren Bank’s deposits. Huntington will also purchase around $83 million of the failed bank’s assets, and the FDIC said it would retain the remaining assets for later disposition.

Customers of Warren Bank can call the FDIC at 877-894-4713 or visit a Web site set up to address the bank failure.

The FDIC said it expects Warren Bank’s failure to cost its deposit-insurance fund around $275 million. 

Jennings State Bank of Spring Grove, Minn., also failed, and Central Bank of Stillwater, Minn., agreed to assume its deposits.

Jennings had $52.4 million in deposits and $56.3 million in assets as of July 31. Central Bank didn't pay a premium to purchase the deposits. It did agree to purchase essentially all of Jennings's assets. The FDIC said that it and Central Bank entered into a loss-share transaction on approximately $37.7 million of Jennings's assets.

Customers of Jennings can call the FDIC at 800-528-6215 or visit a Web site set up to address the bank failure.

The FDIC said it estimates Jennings State Bank's failure will cost its deposit-insurance fund around $11.7 million.

Finally, Southern Colorado National Bank of Pueblo, Colo. was seized by regulators and its deposits were transferred to Legacy Bank of Wiley, Colo.

Southern Colorado National had $31.9 million in deposits and $39.5 million in assets as of September 4. The FDIC said that the bank entered into a purchase and assumption agreement with Legacy Bank.

Customers of Southern Colorado National can call the FDIC at 866-782-1402 or visit a Web site set up to address the bank failure.

The FDIC estimates Southern Colorado National's failure will cost its deposit-insurance fund approximately $6.6 million.