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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 4, 1996
HOME BANCORP
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(Exact name of registrant as specified in its charter)
Indiana 0-22376 35-1906765
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
132 East Berry Street, P.O. Box 989
Fort Wayne, Indiana 46801-0989
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(Address of principal executive offices) (Zip Code)
(219) 422-3502
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(Registrant's telephone number, including area code)
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. Other Events.
Attached Press Release Relative to Home Bancorp Special SAIF
Assessment
<PAGE>
RELEASE
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Home Bancorp
132 EAST BERRY STREET - P.O. BOX 989 Date October 4, 1996
FORT WAYNE, INDIANA 46801-0989 Contact W. Paul Wolf
PHONE: (219) 422-3502
FAX: (219) 426-7027
HOME BANCORP
REPORTS SPECIAL SAIF ASSESSMENT
FORT WAYNE, INDIANA, October 4, 1996 - Home Bancorp, the holding
company for Home Loan Bank fsb, announced today on the likely result of the
September 30, 1996 federal legislation passage signed by President Clinton of
the omnibus appropriations package.
The legislation, part of the appropriations bill, calls for a special
one-time assessment of 65.7 basis points on SAIF-insured deposits that were held
at March 31, 1995. The assessment will bring the SAIF's reserve ratios to a
comparable level of the BIF's, at 1.25 percent of total insured deposits.
Chief Executive Officer W. Paul Wolf of Home Bancorp said: "The
effective passage correlates with the last day of our fiscal year ended
September 30, 1996 and will result in an estimated assessment pretax charge of
$1,650,000 in the 1996 fiscal year fourth quarter. Based on an estimated
effective federal and state tax rate of 40%, we expect after tax-earnings in the
fiscal year-end fourth quarter to be negatively impacted by approximately $1.0
million.
"We strongly support this federal legislation leading to the
recapitalization of the Savings Association Insurance Fund (SAIF) and helping
narrow the future gap between what financial institutions pay in premiums on
deposits insured through SAIF and its counter part, the Bank Insurance Fund
(BIF)."
Home Loan Bank serves northeastern Indiana through its 8 retail banking
offices located in Allen and Adams Counties. As of June 30, 1996, Home Bancorp
assets were $315.9 million with stockholders' equity of $48.9 million.
Home Bancorp's common stock is listed on the Nasdaq National Market
System and trades under the symbol "HBFW."
Holding Company for Home Loan Bank
