Bank closure No. 117

November 6th, 2009 4 PM PST by Dave Gallagher - The Bellingham Herald

Home Federal Savings of Detroit was closed by government regulators, then taken over by Libert Bank and Trust of New Orleans. Estimated cost to the FDIC: $5.4 million.

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Whatcom County Business

By Dave Gallagher

Dave Gallagher is the business editor at The Bellingham Herald. He has been reporting on the Whatcom County business community for nearly 10 years. Dave's goal is reporting the latest news and trends in Whatcom County and discussing how it might impact readers. Before coming to Whatcom County in 1997, Dave worked at The Times-Standard in Eureka, Calif. He graduated with a journalism degree from Humboldt State University in Arcata, Calif. in 1992.

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Bank closure No. 117

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