Homestead Savings Bank is a bank based in Albion, Michigan, established in 1889, with $73 million in total assets across 3 branches. By Trust Grade it ranks 50th of 73 banks we track in Michigan. Its capital ratio of 8.8% trails most similarly sized banks (16th percentile), versus a Michigan median of 9.6%. It was profitable over the most recent period, with a 0.75% return on assets. No consumer complaints against Homestead Savings Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Homestead Savings Bank compares to Michigan peers
How we graded Homestead Savings Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.8% capital ratio)
- Profitable (ROA 0.75%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Homestead Savings Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (3)
- 415 S Superior St, Albion, MI 49224
- 4625 Hull Rd, Leslie, MI 49251
- 157 E Main St, Springport, MI 49284
Are deposits at Homestead Savings Bank insured?
Yes. Homestead Savings Bank is an FDIC-insured bank (FDIC certificate #28667). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Homestead Savings Bank: frequently asked questions
Is Homestead Savings Bank a good bank?
Homestead Savings Bank earns a Bankzia Trust Grade of A (92/100, "Excellent"), based on a financial-strength score of 92/100 (it has no CFPB complaints on record). Well-capitalized (8.8% capital ratio); Profitable (ROA 0.75%).
Is Homestead Savings Bank FDIC-insured?
Yes. Homestead Savings Bank is a FDIC-insured bank (FDIC certificate #28667). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Homestead Savings Bank?
Homestead Savings Bank holds $73 million in total assets, ranking 50th of 73 banks we track in Michigan. It operates 3 branches.
Does Homestead Savings Bank have CFPB complaints?
No CFPB complaints against Homestead Savings Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
