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
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
Home Federal Bancorp, Inc.
Len E. Williams
President and Chief Executive Officer
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