The Bank Slate


Home in Wis. sets investor payout after bank sold to credit union

Home Bancorp Wisconsin in Madison will pay a distribution to its shareholders as part of its planned dissolution.

The former holding company of the Home Savings Bank said in a press release that it will pay $28.15 a share to investors around Nov. 21. Around that time, the company’s shares will be removed from the OTC Pink marketplace.

Home said it expects the final winding up process to take up to three years. The amount of any funds remaining after the winddown will “be nominal,” the company said. Any remaining funds will likely be donated to charitable organizations.

Home Savings was sold in July to Dupaco Community Credit Union in Dubuque, Iowa.

The plan of dissolution was approved in March.

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