HF Financial : Home Federal Bank and First Dakota National Bank Enter into Branch Purchase Agreement for Pierre, SD

April 16, 2015

SIOUX FALLS, S.D., April 15, 2015 (GLOBE NEWSWIRE) -- HF Financial Corp. (Nasdaq: HFFC) today announced that its operating subsidiary, Home Federal Bank, has entered into a Purchase and Assumption Agreement with First Dakota National Bank, Yankton, SD. The agreement covers the purchase by First Dakota of the Home Federal Bank branch located on 322 S. Coteau St., Pierre, South Dakota 57501. Under the terms of the agreement, First Dakota will assume deposits and loans associated with the branch and will acquire the branch facilities and equipment. The transaction is subject to certain conditions, including regulatory approval. The transaction is expected to close in approximately 90 days.

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