Home Savings Bank of America Little Falls Minnesota

Home Savings Bank of America Little Falls Minnesota was founded in 1934.  They are on the problem bank list after receiving  a cease and desist order. That may be due to the Texas ratio of  205%.

Assets are $454MM with equity of  $24MM.

The problem loan portfolio is incredible.  They have $55MM in problem loans.

It is looking like they are insolvent.

Do you think this place should be shut down.

Take a look at the website they have about 100 homes for sale, not good.

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