HopFed Bancorp, Inc. Reports Termination of Merger

  HopFed Bancorp, Inc. Reports Termination of Merger

Business Wire

HOPKINSVILLE, Ky. -- August 23, 2013

HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”), the holding company for
Heritage Bank USA, Inc. (“Heritage”), today reported that Heritage and Sumner
Bank & Trust of Gallatin, Tennessee (“Sumner”) have entered into a Mutual
Termination Agreement to terminate their merger agreement, which was
previously disclosed in the Company’s Current Report on Form 8-K filed on
February 14, 2013. The mutual decision to terminate was due to Sumner’s
failure to meet a certain performance requirement under the merger agreement.
Each party will bear its own costs and expenses in connection with the
terminated transaction, without penalties.

HopFed Bancorp and Heritage Bank USA, Inc.

Prior to June 5, 2013, HopFed Bancorp, Inc. was a federally chartered savings
and loan holding company with Heritage Bank as its wholly owned thrift
subsidiary. On June 5, 2013, Heritage Bank’s corporate name was changed to
“Heritage Bank USA,Inc.” and it converted to a Kentucky state chartered
commercial bank regulated by the Kentucky Department of Financial Institutions
and the Federal Deposit Insurance Corporation. Also on June 5, 2013, HopFed
Bancorp, Inc. became abank holding company regulated by the Board of
Governors of the Federal Reserve System. HopFed Bancorp, Inc. is the holding
company for Heritage, headquartered in Hopkinsville, Kentucky. Heritage
haseighteen offices in western Kentucky and middle Tennessee in addition to
its subsidiary, Fall & Fall Insurance of Fulton,Kentucky. The Company has two
additional operating divisions including Heritage Wealth Management of Murray,
Kentucky, Hopkinsville, Kentucky, Kingston Springs, Tennessee and Pleasant
View,Tennessee, which offers a broad line of financial services. Heritage
Mortgage Services of Clarksville, Tennessee offers long term fixed rate 1- 4
family mortgage loans that are originated for the secondary market in
allcommunities in the Company’s general market area Heritage offers a broad
line of banking and financialproducts and services with the personalized
focus of a community banking organization. More information about HopFed
Bancorp, Inc.and Heritage may be found on its website
www.bankwithheritage.com.

Sumner Bank & Trust

Sumner Bank & Trust, a state chartered bank that opened in 2005, has full
service banking centers in Gallatin and Hendersonville, Tennessee, and loan
production offices in Franklin, Lebanon, and Jackson, Tennessee. At June 30,
2013, Sumner had total assets of $184.3 million, total deposits of $159.0
million and $110.0 million in loans outstanding. More information about Sumner
may be found on its website www.sumnerbankandtrust.com.

Forward-Looking Information

This press release may contain forward-looking statements. Additional written
or oral forward-looking statements may be made by the Company from time to
time in filings with the Securities and Exchange Commission or otherwise. The
words “believe,” “expect,” “seek,” and “intend” and similar expressions
identify forward-looking statements, which speak only as of the date the
statement is made. Such forward-looking statements are within the meaning of
that term in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
statements may include, but are not limited to, projections of income or loss,
expenditures, acquisitions, plans for future operations, financing needs or
plans relating to services of the Company, as well as assumptions relating to
the foregoing. Forward-lookingstatements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified.Future events
and actual results could differ materially from those set forth in,
contemplated by or underlying theforward-looking statements. The Company does
not undertake, and specifically disclaims, any obligation to publicly release
the results of revisions which may be made to forward-looking statements to
reflect the occurrence of anticipated or unanticipated events or circumstances
after the date of such statements.

Contact:

HopFed Bancorp, Inc.
John E. Peck, 270-885-1171
President and CEO