SAN DIEGO - HomeFed Bank said its operations were not affected by an involuntary bankruptcy petition filed recently against its parent, HomeFed Corp.

"This is a claim against the holding company, not the bank," bank president Thomas Wageman said of the action brought by a group of HomeFred Corp. bondholders. "In no way does it affect the operations of HomeFed Bank, the insurance of our client's accounts, or the safety of our depositors' funds."

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