Bank Failure
Home Savings of America
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Closed February 24, 2012 · Little Falls, MN · FDIC Cert #29178.
- Closing date
- February 24, 2012
- Headquarters
- Little Falls, MN
- FDIC Certificate
- 29178
- Total assets at closing
- $434.1M
- Total deposits at closing
- $432.2M
- Estimated loss to the insurance fund
- $43.0M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
Context
On February 24, 2012, regulators closed Home Savings of America, headquartered in Little Falls, MN. At closing, the institution held approximately $434.1M in assets and $432.2M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $43.0M.
By assets at closing this is the 424th largest of the 3,526 bank failures in the FDIC record, and the 8th of 51 in 2012. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Home Savings of America fail?
Home Savings of America was closed by regulators on February 24, 2012.
How big was Home Savings of America when it failed?
Home Savings of America had approximately $434.1M in total assets and $432.2M in deposits at the time of failure.
Other failures in 2012
| Date | Bank | Assets |
|---|---|---|
| Dec 14, 2012 | Community Bank of the Ozarks | $42.8M |
| Nov 16, 2012 | Hometown Communitybank | $124.6M |
| Nov 2, 2012 | Citizens First National Bank | $924.0M |
| Nov 2, 2012 | Heritage Bank of Florida | $225.5M |
| Oct 26, 2012 | Nova Bank | $444.7M |
| Oct 19, 2012 | Excel Bank | $186.1M |
| Oct 19, 2012 | Gulfsouth Private Bank | $139.4M |
| Oct 19, 2012 | First East Side Savings Bank | $65.7M |
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