HOME FEDERAL SAVINGS BANK Failed 2009
What happened
HOME FEDERAL SAVINGS BANK of DETROIT, MI was closed on 2009-11-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to LIBERTY BANK AND TRUST COMPANY (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3711
- FDIC Certificate
- 30329
- FDIC FIN
- 10144
- Bank name
- HOME FEDERAL SAVINGS BANK
- Location
- DETROIT, MI
- Failure date
- 2009-11-06
- FDIC resolution date
- 2009-11-06
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $9M
- Deposits at failure
- $13M
- Assets at failure
- $13M
- Acquiring bank
- LIBERTY BANK AND TRUST COMPANY (NEW ORLEANS, LA)
Other banks LIBERTY BANK AND TRUST COMPANY acquired in FDIC resolutions