Posted: Friday, 06 November 2009 7:24PM
Feds Close Home Federal Savings Bank
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Federal regulators have shut down Detroit-based Home Federal Savings Bank. The Federal Deposit Insurance Corporation has taken over the bank, with $14.9 million in assets and $12.8 million in deposits. A New Orleans bank, Liberty Bank and Trust Company, is buying the assets and deposits of Home Federal Savings. Regulators also closed a small bank in Georgia Friday.
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