Home Federal Bank

Infobox Company
company_name = Home Federal Bank
company_type = Public (nasdaq|HFFC)
company_slogan = We make things happen.
foundation = 1929
location = Sioux Falls, South Dakota
key_people = Michelle Bunkers, Branch Manager
Curtis L. Hage, President, CEO
num_employees = 369
industry = Finance and Insurance
products = Financial Services
homepage = [http://www.homefederal.com/ www.homefederal.com]

Home Federal Bank (nasdaq|HFFC) is a financial services company, headquartered in Sioux Falls, South Dakota. It operates 32 branch locations in 19 communities throughout parts of South Dakota and Minnesota.

Home Federal is the largest publicly traded financial institution based in South Dakota.

There was also a bank of the same name based in San Diego which was in operation until the early 1990's.


Home Federal Bank was originally chartered on March 20, 1929 as Home Federal Savings Association. Since 1992 the organization has operated under a federal savings bank charter with the name, Home Federal Savings Bank. The name changed in 2001 to Home Federal Bank. Home Federal Bank is a wholly owned subsidiary of HF Financial Corp., which is traded on the NASDAQ under the symbol “HFFC.” The home office is located at 225 South Main Avenue, in Sioux Falls, South Dakota.

Parent Company

HF Financial Corp. has assets totaling $987.2 million and stockholders’ equity of $58.3 million (as of September 30, 2006). The company is the largest publicly traded financial institution based in South Dakota. HF Financial Corp., the parent company for financial service companies, including Home Federal Bank, Mid America Capital Services, Inc., Hometown Insurors, Inc., and HF Financial Group, Inc. The combination of these companies employs over 300 people.

Recognitions & Community Involvement

Money Magazine recognized Home Federal Bank in its June 1995 issue as South Dakota’s Best Bank. The national publication rated the Bank on the attractiveness of its consumer accounts and services, its willingness to lend to its customers and the Bank’s safety rating.

Home Federal Bank received an "Outstanding" rating in the Bank's performance relative to the Community Reinvestment Act.

Home Federal Bank, along with Habitat Upper Midwest, was the proud recipient of the "Community Partnership Award" of the Federal Home Loan Bank System in 1999. This is a national award presented to two partnerships in each of the 12 Federal Home Loan Bank areas. A member financial institution and a community-development organization hold each award jointly – partners that have successfully shared the challenge of creating local solutions for specific housing and development problems in their communities. Home Federal has supported numerous Habitat chapters in the creation of 85 South Dakota homes.

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Look at other dictionaries:

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  • Federal Home Loan Bank Act — The Federal Home Loan Bank Act is a United States federal law passed in 1932 under President Herbert Hoover in order to lower the cost of home ownership.It established the Federal Home Loan Bank Board to charter and supervise federal savings and… …   Wikipedia

  • Federal Home Loan Bank Act — An act passed by the Hoover administration in 1932 that was designed to encourage home ownership by providing a source of low cost funds for member banks to extend mortgage loans. The Federal Home Loan Bank Act was the first in a series of bills… …   Investment dictionary

  • Federal Home Loan Bank Board — The federal agency formerly charged with regulating federal savings and loan associations and the Federal Home Loan Bank system. Abolished in 1989, its functions are now performed by the Office of Thrift Supervision and the Federal Housing… …   Black's law dictionary

  • Federal Home Loan Bank System - FHLB — An organization created by the Federal Home Loan Bank Act of 1932 to increase the amount of funds available for lending institutions who provide mortgages and similar loan agreements to individuals. This system was created in response to the… …   Investment dictionary

  • Home Loan Bank Board — A federal agency directing the operations of the federal home loan bank system and the federal savings and loan insurance corporation. 12 USC § 1464(a) …   Ballentine's law dictionary

  • Federal Home Loan Bank System — noun the central credit system for thrift institutions • Hypernyms: ↑financial institution, ↑financial organization, ↑financial organisation • Member Meronyms: ↑Home Loan Bank …   Useful english dictionary

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