The Graveyard › Banks › 2009
Home Federal Savings Bank
Detroit, MI · failed November 6, 2009 · FDIC certificate 30329
Home Federal Savings Bank of Detroit, MI failed on November 6, 2009. It opened on November 1, 1947, 62 years before. At its last report before that it held $13.0 million in assets and $12.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2000, it held $29.9 million. The FDIC estimates that the Deposit Insurance Fund lost $8.6 million on it.
1984-032009-09
Assets at the end$13.0 millionlast report before November 6, 2009
Deposits at the end$12.7 million
Estimated loss to the fund$8.6 millionDIF
Largest in the quarterly reports$29.9 millionMarch 31, 2000
Equity to assets1.1%September 30, 2009
Loans not being repaid11.8%noncurrent, September 30, 2009
Return on assets-3.80%a year's rate, September 30, 2009
Staff8full time, September 30, 2009
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.