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HopFed Bancorp, Inc. Announces New Stock Repurchase Program



  HopFed Bancorp, Inc. Announces New Stock Repurchase Program

Business Wire

HOPKINSVILLE, Ky. -- August 29, 2013

HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”), the holding company for
Heritage Bank USA, Inc. (“Heritage”), today reported that its Board of
Directors approved the commencement of a new stock repurchase program of up to
375,000 shares of the Company’s, or approximately 5% of total shares
outstanding. The new repurchase program will begin on September 3, 2013, and
will expire on September 3, 2015. The Company will conduct repurchases through
open market transactions or in privately negotiated transactions that may be
made from time to time depending on market conditions and other factors. There
is no guarantee as to the exact number of shares to be repurchased by the
Company.

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 a bank 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
has eighteen 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 all
communities in the Company’s general market area Heritage offers a broad line
of banking and financial products 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.

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-looking statements 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 the forward-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
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