Financial Officer NAMPA, Idaho--(BUSINESS WIRE)--May 20, 2008 Home Federal Bancorp, Inc. (the "Company") (NASDAQ GSM:HOME), the holding company for Home Federal Bank ("Bank"), announced today that Eric S. Nadeau has accepted a position with the Bank as Executive Vice President, Treasurer, Corporate Secretary and Chief Financial Officer effective June 5, 2008. Mr. Nadeau, a certified public accountant, brings nearly 15 years of financial institution experience to the Company. He has been employed by Camco Financial Corporation, Cambridge, Ohio and its subsidiary, Advantage Bank, since February 2006 and currently serves as Chief Financial Officer, Senior Vice President and Treasurer. From January 2003 until February 2006 he was the Chief Financial Officer, Senior Vice President and Treasurer of Ohio Legacy Corp, and its subsidiary, Ohio Legacy Bank, N.A. Mr. Nadeau received his Bachelor of Science in Business Administration from the Richard T. Farmer School of Business of Miami University, Oxford, Ohio. Mr. Nadeau's professional affiliations include the American Institute of Certified Public Accountants, Ohio Society of Certified Public Accountants and the Financial Managers Society. "Eric's financial institution experience, and particularly his strong background in financial and regulatory reporting, shareholder relations, strategic forecasting and the development and implementation of accounting policies and procedures, will be a great benefit to the Company and the Bank and we are delighted to have him join our senior management team," said Len E. Williams, President and Chief Executive Officer. "Home Federal Bancorp and Home Federal Bank have exciting opportunities ahead and I look forward to applying my experience to support the Company's overall goals and operations," said Mr. Nadeau. The Company also announced that Robert A. Schoelkoph, the Company's and the Bank's Senior Vice President, Treasurer, Secretary and Chief Financial Officer will be retiring on October 4, 2008. Until that time, Mr. Schoelkoph will continue to work with Mr. Nadeau to ensure a smooth transition. Mr. Williams stated, "On behalf of myself and the Board of Directors of Home Federal Bancorp, we want to thank Bob for his outstanding service as Chief Financial Officer, Treasurer, and Corporate Secretary and for the significant contributions he has made during his 28 years at Home Federal Bank. Bob was instrumental in Home Federal Bank's transition from a mutual savings and loan association to a publicly held company and we appreciate his efforts." 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 two mortgage loan centers. 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. 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, 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, 2007, 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. CONTACT: Home Federal Bancorp, Inc. Len E. Williams President and Chief Executive Officer (208) 468-5048
Home Federal Bancorp, Inc. Announces Appointment of New Chief
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