Evansville-based Integra Bank, Richmond-based Virginia Business Bank and Columbia-based BankMeridian have been shut down by the Federal Deposit Insurance Corporation (FDIC), The Wall Street Journal reports. Old National Bank will acquire Integra’s assets worth $1.2 billion from the regulator.

BankMeridian’s $239.8 million assets and $215.5 million in total deposits with three branches will be taken over by Orangeburg-based SCBT. Virginia Business Bank’s failed branch, with $95.8 million assets and $85 million in total deposits, will be purchased by Xenith Bank. The total cost of the U.S. banks’ failures to the FDIC will be $253.4 million.

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