Home Federal Converting to Bank Status

Published March 28, 2011, 5:25 p.m. EDT

Updated April 04, 2017, 4:37 p.m. EDT

1 Min Read

Home Federal Bancorp Inc. in Nampa, Idaho, is reorganizing, along with its thrift, into a state-chartered bank.

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The $1.2 billion-asset parent will become a bank holding company and Home Federal Bank will convert into an Idaho-chartered commercial bank. The shift was announced Friday.

The boards of the parent and thrift approved the plan and have filed applications with their regulators.

The conversion coincides with two failed-bank acquisitions that Home Federal made through the Federal Deposit Insurance Corp. — Community First Bank in 2009 and LibertyBank in 2010.

Rachel Witkowski

Tech reporter

Rachel Witkowski was the tech/AI reporter at Financial Planning. She was previously a lead editor at Forbes Advisor, overseeing their loans and... Read full bio

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