On Friday, November 6, 2009, Home Federal Savings Bank was closed by the Office of Thrift Supervision. The FDIC was named Receiver. Liberty Bank and Trust Company, New Orleans, LA acquired all deposit accounts.
The FDIC as Receiver for Home Federal Savings Bank, Detroit, MI has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on January 31, 2019 and has made all dividend distributions required by law.
Effective September 1, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: LIBERTY BANK AND TRUST COMPANY
About Liberty Bank and Trust Company
All deposit accounts were transferred to Liberty Bank and Trust Company, New Orleans, LA ("assuming institution"). Former Home Federal Savings Bank locations reopened as branches of Liberty Bank and Trust Company.
Your transferred deposits were separately insured from any accounts you may have already had at Liberty Bank and Trust Company for at least six months after the failure of Home Federal Savings Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Liberty Bank and Trust Company as long as the deposits are not pledged as collateral for loans.
Contacting Liberty Bank and Trust Company
You can contact Liberty Bank and Trust Company:
Liberty Bank and Trust Company
6600 Plaza Drive, Suite 600
New Orleans, LA 70127
Liberty Bank and Trust Company (www.libertybank.net)
Transaction Documentation
Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank