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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for Home Federal Savings Bank, Detroit, MI

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

Effective Date: September 1, 2019


Notice of Intent to Terminate

Publication Date: January 31, 2019

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

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

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