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8-K - HOME FEDERAL BANCORP, INC. FORM 8-K - Home Federal Bancorp, Inc. | k8090310.htm |
Exhibit
99.1
Contact:
Home Federal Bancorp, Inc.
Len E. Williams, President & CEO
Eric S. Nadeau, EVP, Treasurer & CFO
208-466-4634
www.myhomefed.com
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HOME
FEDERAL BANK ANNOUNCES LEADERSHIP
TEAM
CHANGES IN IDAHO AND OREGON
Nampa, ID (September 3, 2010)
– Home Federal Bancorp, Inc.’s (the “Company”) (Nasdaq GSM: HOME)
financial institution subsidiary, Home Federal Bank (the
“Bank”), today announced the appointment and realignment of several members of
its leadership team in Idaho and Oregon.
R. Shane Correa has been named
Executive Vice President and Chief Banking Officer. He will be responsible for
providing leadership and strategic direction for commercial banking, consumer
banking and operations services in the Bank’s three regions: Idaho, Central
Oregon, and Western Oregon. He will report directly to Len E. Williams,
President and CEO, and will be relocating to the Treasure Valley. Mr. Correa
most recently served as Executive Vice President and Region President for the
Bank’s Central Oregon region.
Cindy Bateman has been
promoted to Executive Vice President and Chief Credit Officer. Ms. Bateman is
responsible for providing support, direction, credit information, and loan
policies and procedures to ensure the overall quality of the Bank’s lending
portfolio. As a critical member of the leadership team, she provides leadership
and guidance in all aspects of commercial and consumer lending. Ms. Bateman
leads the Credit Administration team and reports directly to Mr.
Williams.
Sean P. Watt has been named
Senior Vice President and Market President for the Central Oregon region
headquartered in Bend. His duties will include leading the commercial banking
team, 12 full-service branch locations, small business banking and all customer
service functions in Central Oregon. Mr. Watt most recently served as Senior
Vice President and Branch Administrator for Home Federal’s Idaho region. He and
his family will be relocating to the Central Oregon region.
David M. Eldred has been named
Senior Vice President and Director of Marketing. In his new position, Mr. Eldred
is responsible for developing and managing the Bank’s strategic marketing plan
and works closely within the leadership team to support the objectives of the
Consumer and Commercial Banking Divisions. He coordinates the public relations
and communication efforts of the organization and manages the Marketing
Department staff. Mr. Eldred will report directly to Mr.
Williams.
Terry Fesler has been named
Senior Vice President and Retail Banking Manager for the Idaho region. In his
new position, Mr. Fesler is responsible for leading the sales and service teams
at the Bank’s 14 retail branch locations in Idaho. He will report directly to
Shane Correa, EVP and Chief Banking Officer.
Commenting
on the appointments of these individuals, Mr. Williams stated, “We are excited
about the appointments of these individuals to our leadership team and believe
that these changes in management will allow Home Federal Bank to continue
providing excellent customer service to our banking customers.”
About
the Company
Home
Federal Bancorp, Inc. is headquartered in Nampa, Idaho and is the parent company
of Home Federal Bank, a community bank originally organized in 1920. Home
Federal Bank operates a total of 37 full-service banking offices in the Treasure
Valley region of southwestern Idaho; the Tri-County region of central Oregon;
and in Lane, Josephine, Jackson and Multnomah counties in western Oregon. The
Company’s common stock is traded on the NASDAQ Global Select Market under the
symbol “HOME.” For more information, visit the Home Federal Bank website at
www.myhomefed.com.
Forward-Looking
Statements:
Statements in this news release
regarding future events, performance or results are “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of 1995
(“PSLRA”) and are made pursuant to the safe harbors of the PSLRA. These
forward-looking statements relate to, among other things, expectations of the
business environment in which the Company operates, projections of future
performance, perceived opportunities in the market, potential future credit
experience, and statements regarding the Company’s mission and vision. These
forward-looking statements are based upon current management expectations and
may, therefore, involve risks and uncertainties. Actual results could be
materially different from those expressed or implied by the forward-looking
statements. Factors that could cause results to differ include but are not
limited to: general economic and banking business conditions, competitive
conditions between banks and non-bank financial service providers, interest rate
fluctuations, the credit risk of lending activities, including changes in the
level and trend of loan delinquencies and write-offs; results of examinations by
our banking regulators, regulatory and accounting changes, risks related to
construction and development lending, commercial and small business banking, our
ability to successfully integrate any assets, liabilities, customers, systems,
and management personnel we have acquired or may in the future acquire into our
operations and our ability to realize related revenue synergies and cost savings
within expected time frames, and other risks. Additional factors that could
cause actual results to differ materially are disclosed in Home Federal Bancorp,
Inc.'s recent filings with the Securities and Exchange Commission, including but
not limited to its Annual Report on Form 10-K for the year ended September 30,
2009, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Forward-looking statements are accurate only as of the date released, and we do
not undertake any responsibility to update or revise any forward-looking
statements to reflect subsequent events or circumstances.