# MICHIGAN HERITAGE BANK

> **Failed bank** · FARMINGTON HILLS, MI · failed 2009-04-24 · State commercial bank, Federal Reserve member · FDIC cost $49M

## What happened

MICHIGAN HERITAGE BANK of FARMINGTON HILLS, MI was closed by state regulators on **2009-04-24**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **LEVEL ONE BANK** (FARMINGTON HILLS, MI). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3620
- **FDIC Certificate:** 34369
- **FDIC FIN:** 10056
- **Bank name:** MICHIGAN HERITAGE BANK
- **Location:** FARMINGTON HILLS, MI
- **Failure date:** 2009-04-24
- **FDIC resolution date:** 2009-04-24
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $49M
- **Deposits at failure:** $149M
- **Assets at failure:** $168M
- **Acquiring bank:** LEVEL ONE BANK (FARMINGTON HILLS, MI)

## Other banks LEVEL ONE BANK has acquired in FDIC resolutions

- PARAMOUNT BANK (FARMINGTON HILLS, MI) — failed 2010-12-10 — /failed-bank/3883

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MICHIGAN%20HERITAGE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MICHIGAN HERITAGE BANK (FDIC ID 3620), failed 2009-04-24. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3620.

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