SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Name of Issuer: HF Financial Corporation
Title of Class of Securities: Common Stock, Par $.01
CUSIP Number: 404172 108
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
CUSIP No. 404172 108
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Firstar Bank of Minnesota, N.A.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Domestic Corporation (National Bank)
NUMBER OF 5. SOLE VOTING POWER
SHARES None
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY None
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 205,105
PERSON 8. SHARED DISPOSITIVE POWER
WITH None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
205,105 shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7%
12. TYPE OF REPORTING PERSON*
BK
Item 1(a). Name of Issuer:
HF Financial Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
225 South Main Avenue
Sioux Falls, South Dakota 57102
Item 2(a). Name of Person Filing:
Firstar Bank of Minnesota, N.A.
Item 2(b). Address of Principal Business Office or, if none, Residence:
101 East Fifth Street
St. Paul, Minnesota 55101
Item 2(c). Citizenship:
U.S. Domestic Corporation (National Bank)
Item 2(d). Title of Class of Securities:
Common Stock, Par $.01
Item 2(e). CUSIP Number:
404172 108
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under section 15 of the Act
(b) [X] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act
(d) [ ] Investment Company registered under section 8 of the Investment
Company Act
(e) [ ] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income of 1974 or Endowment Fund; see
240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with 240.13d-1(b)(ii)(G)
(Note: See Item 7)
(h) [ ] Group in accordance with 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership:
(a) Amount Beneficially Owned as of December 31, 1997:
205,105 shares
(b) Percent of Class:
7%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote:
None*
(ii) shared power to vote or to direct to the vote:
None
(iii) sole power to dispose or to direct the disposition of:
205,105 shares
(iv) shared power to dispose or to direct the disposition of:
None
*The filing person is trustee of the HF Financial Corp. Employee Stock
Ownership and Savings Trust (the "Trust"), established pursuant to the
HF Financial Corp. Employee Stock Ownership and Savings Plan (the "Plan").
The provisions of the Trust give participants the right to direct the trustee
as to the manner in which allocated shares of HF Financial Corp. common stock
("Employer Stock") is voted, and direct the Trustee to vote unallocated shares
of Employer Stock, and allocated shares for which no instructions are received
from participants, in the same
ratio as allocated shares with respect to which instructions are received.
Based on such provision, the filing person would deem itself to have sole
voting authority for purposes of this filing over all
unallocated shares. However, the Plan differs with the Trust provision on
voting Employer Stock, and provides that the Board of Directors of HF
Financial Corp. has exclusive power, authority and responsibility for
directing Trustee in determining how un
allocated and allocated but undirected shares of Employer Stock are voted.
Based upon advice of Plan counsel, the filing person has determined that the
Plan provision controls, and deems such provision to leave it with no voting
authority over shares of
Employer Stock held in the Trust for purposes of this filing.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Other persons are known to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, shares
beneficially owned by the filing person. Except for any person identified
immediately below, such rights d
o not extend to shares constituting more than 5% of the class.
HF Financial Corp. Employee Stock Ownership and Savings Trust
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose and do not have the effect of changing
or influencing control
of the issuer of such securities and were not acquired in connection with or
as a participant in any transaction having such purpose or effect.
Signature.
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February 13, 1998
FIRSTAR BANK OF MINNESOTA, N.A.
By: /s/ Howard H. Hopwood
Name/Title: Howard H. Hopwood, Cashier
