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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported) July 2, 1996
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COMMISSION FILE NO.: 0-25722
HF BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 33-0576146
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(State or other Jurisdiction of Incorporation (IRS Employer or
organization) Identification No.)
445 E. Florida Avenue, Hemet, California 92543
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (909) 658-4411
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Item 5. Other Information
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On July 2, 1996 the Registrant issued the press release attached hereto
as Exhibit 99 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
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Exhibit 99 - Press Release dated July 2, 1996.
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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.
By: /s/ J. Robert Eichinger
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President and Chief Executive
Officer
Dated: July 5, 1996
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EXHIBIT 99
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HF BANCORP, INC.
445 EAST FLORIDA AVENUE, HEMET, CA 92543-4244
MAILING ADDRESS: P.O. BOX 12006, HEMET, CA 92546-8006
NEWS RELEASE
For additional information, call J. Robert Eichinger
909-658-4418, Ext. 201
July 2, 1996
For Immediate Release
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NORMAN M. COULSON NAMED TO
HF BANCORP, INC. BOARD
J. Robert Eichinger, Chairman & Chief Executive Officer of HF Bancorp, Inc.
(the Company, NASDAQ: HEMT) and its wholly owned subsidiary, Hemet Federal
Savings and Loan Association (the Association), has announced that thrift
industry veteran Norman M. "Norm" Coulson has joined the Boards of Directors of
both the Company and the Association.
Coulson retired in 1992 as Chairman & Chief Executive Officer of Glendale
Federal Bank, and its holding company, Glenfed Inc. He had previously served
that firm as President & Chief Operating Officer, and prior to that, Senior
Executive Vice President in charge of California Operations. He was part of the
management team that took Glendale Federal public in 1983, selling 21 million
shares in Glenfed Inc.'s initial public offering (IPO), at that time the fourth
largest IPO in Wall Street history.
During his tenure in the thrift industry, his professional affiliations
included the Federal Home Loan Bank of San Francisco (Vice Chairman and
Director), the Federal National Mortgage Association (Advisory Council), the
California League of Savings Institutions (Chairman and Director) and the United
States League of Savings Institutions (Executive Committee).
Coulson is a graduate of California State University at Long Beach, where
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Coulson
July 2, 1996
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he received a Bachelor of Science degree in Management - and Pepperdine
University, where he received his Master of Business Administration (MBA)
degree. He currently teaches Finance at California State University at Long
Beach, as well as serving as a member of the University's Board of Governors. He
is also a member of the Board of Regents of Loyola Marymount University. He has
served on the Boards of Directors at Holy Cross Medical Center and the Glendale
Adventist Hospital Foundation - and has also served on the Boards of many other
charitable and civic organizations, including the Boy Scouts of America, United
Way, the American Heart Association and the California Museum Foundation.
In making the announcement of Coulson's appointment, Eichinger stated, "We
are truly privileged and honored to have a person of Norm Coulson's stature and
background joining our organization. His breadth of experience and obvious
talents will certainly be an enormous asset."
HF Bancorp is the holding company for Hemet Federal Savings and Loan
Association, a fifteen-branch institution headquartered in Hemet, California,
with offices in San Diego and Riverside Counties. HF Bancorp has signed a
definitive agreement to acquire Palm Springs Savings Bank, a four-branch
institution located in the Coachella Valley area of Riverside County. Subject to
regulatory approval, that acquisition is expected to be completed in September
1996, and will raise Hemet Federal's total assets over the $1 billion mark.
HF Bancorp's stock is traded on the NASDAQ National Market System under the
symbol "HEMT", and is generally listed in stock tables as HF Bcp or HFBanc.
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