Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1923
Fraud and false-return charges after collapse
Ten Home Bank officials were arrested after the failure on charges that included false returns and fraud.
1923
Bank collapse and depositor losses
Home Bank closed with reported assets of approximately $2.7 million against liabilities of about $15.5 million, causing substantial losses for tens of thousands of depositors.
1918
Accounting and loan-quality concerns
William Machaffie alleged that unpaid interest was being added to loan principal and counted as profit, while delinquent and non-arm's-length loans and inadequate internal audits were left unresolved.