U.S. regulators close Bradford Bank

WASHINGTON Aug 28 (Reuters) - U.S. bank regulators closed Bradford Bank in Baltimore on Friday, the 82nd U.S. bank to fail this year as economic weakness continues to take a toll on financial institutions.

The Federal Deposit Insurance Corp said Bradford had $452 million in assets and about $383 million in deposits.

Manufacturers and Traders Trust Co (M&T) of Buffalo, New York, agreed to assume all the deposits and nearly all the assets of Bradford, whose nine branches will reopen on Saturday as branches of M&T, the FDIC said.

The FDIC estimates Bradford's failure will cost its deposit insurance fund $97 million. (Reporting by Christopher Doering; Editing by Tim Dobbyn)