BE 100s Bank Acquires Home Federal Savings

Liberty Bank and Trust of New Orleans acquired Detroit-based Home Federal Savings Bank after the bank was shut down by the Office of Thrift Supervision (OTS) Nov. 6. Liberty Bank (No. 5 on the BE 100s bank list with $373 million in assets) has assumed all of the $13.5 million retail deposits of Home Federal Savings Bank and has purchased approximately $14.9 million of its assets.

http://www.blackenterprise.com/be-100s/2009/11/11/be-100s-bank-acquires-home-federal-savings