UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report: December 23,
2008
Home
Federal Bancorp, Inc.
(Exact
name of registrant as specified in its charter)
| Maryland | 000-52995 | 26-0886727 |
| (State or other jurisdiction | (Commission File | (I.R.S. Employer |
| of incorporation) | Number) | Identification No.) |
500
12th
Avenue South
Nampa,
Idaho
(Address
of principal executive offices and zip code)
(208)
466-4634
(Registrant’s
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions.
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 8.01 Other
Events
Home
Federal Bancorp, Inc. (“Company”) announced on December 23, 2008, that the
Company’s Board of Directors authorized the repurchase of up to 5%, or 867,970
shares, of the Company’s outstanding common stock. The press release announcing
the share repurchase program is attached as Exhibit 99.1 and incorporated by
reference herein.
Item
9.01 Financial Statements and Exhibits.
|
(d)
|
Exhibits.
|
|
99.1
|
Press
release of Home Federal Bancorp, Inc. dated December 23,
2008
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, hereunto
duly authorized.
|
HOME
FEDERAL BANCORP, INC.
|
|
|
Date: December
23, 2008
|
By:/s/Eric
S.
Nadeau
|
|
Eric
S. Nadeau
|
|
|
Executive Vice President and Chief
|
|
|
Financial Officer
|
Exhibit
99.1
Press
release of Home Federal Bancorp, Inc., dated December 23, 2008
 500 12th Ave. South * Nampa, ID 83651 |
Contact:
Home
Federal Bancorp, Inc.
Len
E. Williams, President & CEO
Eric
S. Nadeau, EVP, Treasurer & CFO
208-466-4634
www.myhomefed.com
|
HOME
FEDERAL BANCORP, INC.
ANNOUNCES
SHARE REPURCHASE PROGRAM
Nampa, ID (December 23, 2008)
– Home Federal Bancorp, Inc. (“Company”) (Nasdaq GSM: HOME), the parent company
of Home Federal Bank, announced that its Board of Directors has authorized the
repurchase of up to 5%, or 867,970, shares of its publicly-held outstanding
common stock. The Company currently has 17,359,427 shares of common stock
outstanding.
The
Company will repurchase the shares from time to time for cash in open market
transactions. Additionally, the repurchases will be subject to the limitations
set forth in Rule 10b-18 of the Securities Exchange Act, the Company’s insider
trading policy and other applicable legal requirements. This authorization may
be suspended, terminated or modified at any time for any reason, including
market conditions, the cost of repurchasing shares, the availability of
alternative investment opportunities, liquidity or capital demands and other
factors deemed appropriate. The Company has not executed a trading plan under
Rule 10b5-1 of the Securities Exchange Act.
About
the Company
Home
Federal Bancorp, Inc. is a Maryland corporation headquartered in Nampa, Idaho,
and is the savings and loan holding company of Home Federal Bank, a federal
savings bank that was originally organized as a building and loan association in
1920. The Company serves the Treasure Valley region of southwestern
Idaho that includes Ada, Canyon, Elmore and Gem Counties, through 15
full-service banking offices and one loan center. The Company’s
common stock is traded on the NASDAQ Global Select Market under the symbol
“HOME.” The Company’s stock is also included in the America’s
Community Bankers NASDAQ Index. For more information, visit the
Company’s web site 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, the value of mortgage servicing rights, risks related to construction
and development lending, commercial and small business banking 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, 2008, 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.