Home Savings of America Bank in Little Falls closed by Office of the Comptroller of the Currency

The following notice greeted banking customers who logged on to the Home Savings of America Bank Web site http://www.myhsoa.com, Friday. They were given no advance notice as the notice says, and their accounts were closed.

“On Friday, February 24, 2012, Home Savings of America, Little Falls, MN was closed by the Office of the Comptroller of the Currency. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

“An assuming bank could not be located; therefore, the FDIC will fulfill its obligation to insured depositors by mailing checks for their insured amounts.

“The FDIC has assembled useful information regarding your relationship with Home Savings of America. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit, and other relationships with the institution.

“You should continue to make your payments as agreed. Make checks payable to Home Savings of America and utilize the same payment address information.

“Please select the link below to read more about this event:

FDIC Bank Closing Information for Home Savings of America

“All accounts have been closed, and you will no longer have access to the Web site.”