Home Federal Savings and Loan Association

Status:Inactive as of 04/26/1991
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Home Federal Savings and Loan Association, F.A.
Headquarters:Home Federal Savings and Loan Association
220 East State Street
Algona, IA 50511
Established:12/01/1935
FDIC Insurance:08/09/1989
FDIC Cert:#29588
Charter Class:
Total Assets:$134,307,000
Total Deposits:$116,937,000

History

1935-12-01Institution established: Original name:Home Federal Savings and Loan Association
1991-04-26Institution established: Original name:Home Federal Savings and Loan Association, F.A. (33393)
1991-04-26Failed, went into receivership, and then became part of Home Federal Savings and Loan Association, F.A. (33393)
1991-04-26Placed into government conservatorship.
1992-01-31Government conservatorship or bridge bank resolved.
1992-01-31Acquired after government financial assistance and subsequently operated as part of Iowa State Bank (950)
2001-11-01Acquired Ruthven State Bank (15831) in RUTHVEN, IA
2003-08-30Acquired Corwith State Bank (16710) in CORWITH, IA