Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1923
Bank collapse and official arrests
Home Bank closed with liabilities far exceeding its estimated assets. Ten officials were arrested on charges including false returns and fraud, while thousands of depositors lost savings.
1918
Warnings about accounting and lending practices
William Machaffie alleged that unpaid interest on delinquent loans was being added to principal and then treated as profit, alongside concerns about bad loans, connected lending, and weak internal auditing.