# HOME FEDERAL SAVINGS BANK

> **Failed bank** · DETROIT, MI · failed 2009-11-06 · Savings bank · FDIC cost $9M

## What happened

HOME FEDERAL SAVINGS BANK of DETROIT, MI was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- COVENANT BANK (CHICAGO, IL) — failed 2013-02-15 — /failed-bank/4036
- DOUGLASS NATIONAL BANK (KANSAS CITY, MO) — failed 2008-01-25 — /failed-bank/3556

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HOME FEDERAL SAVINGS BANK (FDIC ID 3711), failed 2009-11-06. Retrieved via AI Analytics 2026-07-05 from https://api.ai-analytics.org/failed-bank/3711.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*