SECURITIES & EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15d of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 22, 1998
HOME FEDERAL BANCORP
(Exact name of registrant as specified in its charter)
United States 35-1807839
(State or other jurisdiction) (I.R.S. Employer
of incorporation or organization) Identification No.)
222 West Second Street, Seymour, Indiana 47274
(Address of Principal Executive Offices) (Zip Code)
Registrants telephone number including area code: (812) 522-1592
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INFORMATION INCLUDED IN THE REPORT
Item 5. Other Events.
On September 22, 1998, Home Federal Bancorp of Seymour, Indiana issued
a press release concerning the approval by the Board of Directors to pursue a
stock buy back of up to 5% of its stock traded on NASDAQ under the symbol HOMF.
Pursuant to General Instruction F to Form 8-K, the press release is
incorporated herein by reference and is attached as Exhibit-99.
Exhibits
Exhibit 99 - Press Release Dated September 22, 1998
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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
Date: September 22, 1998 By: /s/John K. Keach. Jr.
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John K. Keach, Jr.
President and Chief Executive Officer
NEWS RELEASE
For Immediate Release September 22, 1998
Contacts: John K. Keach, Jr. Lawrence E. Welker
President/CEO Executive Vice President
(812) 376-3323 (AM) Chief Financial Officer
(812) 523-7316 (PM) (812) 523-7308
HOME FEDERAL BANCORP ANNOUNCES
STOCK REPURCHASE PROGRAM
(Seymour, IN) -- Home Federal Bancorp (the "Corporation") announced today that
the Board of Directors has approved the repurchase, from time to time, on the
open market of up to 5% of the Corporation's outstanding shares of common stock,
without par value ("Common Stock"), or 257,114 such shares. Such purchases will
be made subject to market conditions in open market or block transactions.
Repurchases may begin immediately.
According to John K. Keach, Jr., President of the Corporation, the Board
believes that the Corporation's shares are currently undervalued by the market
and that open market purchases will have the potential effect of enhancing the
book value per share and the potential to enhance growth in earnings per share
of the Corporation's remaining outstanding shares.
Home Federal Bancorp (NASDAQ NMS Symbol "HOMF"), an Indiana corporation, is the
holding company of Home Federal Savings Bank, a federal savings bank
headquartered in Seymour, Indiana.
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