Bank failure · MI

Home Federal Savings Bank (Detroit, MI) — failed November 6, 2009

Home Federal Savings Bank of Detroit, Michigan was closed on November 6, 2009 and resolved through a purchase and assumption. Liberty Bank and Trust Company (LA) took over its insured deposits. At failure it held $13.0M in assets and $12.7M in deposits. The FDIC's estimated loss on the failure is $8.6M (66.3% of assets).