The Institution was wholly owned by Green Street Financial Corporation, Fayetteville, North Carolina, a unitary nondiversified holding company.
Home Federal operated as a traditional thrift originating adjustable and fixed rate mortgages for the construction, purchase, and refinancing of single-family dwellings.
Home Federal did not sell loans in the secondary market, but retained them in its own portfolio.
Between January 1, 1995, and June 30, 1997, Home Federal originated 693 loans totaling $53.7 million.
Home Federal Savings and Loan Association was purchased by New South Bank Company of Washington, North Carolina, and the subsequent company assumed the name First South Bank.