U.S. Treasury Dept. ends special supervision of local bank - KXLT - Fox 47 Rochester MN News, Weather, Sports #rochmn

U.S. Treasury Dept. ends special supervision of Home Federal Savings Bank


ROCHESTER, Minn. (FOX 47) -- Rochester-based Home Federal Savings Bank has been released from special controls and supervision by one unit of the U.S. Treasury Department.

The Office of the Comptroller of the Currency has terminated the supervisory agreement that the bank had been under since February of 2011.

Under that agreement, the bank had been required to submit business plans and reports.

The OCC also had to approve any cash dividends or any new contractual agreements.

Home Federal continues to be under a supervisory agreement with the Federal Reserve Board.

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