SOURCE: Home Federal Bancorp, Inc.

August 04, 2006 11:58 ET

Home Federal Bancorp, Inc. Announces Executive Succession Plan

NAMPA, ID -- (MARKET WIRE) -- August 4, 2006 -- Home Federal Bancorp, Inc. (the "Company") (NASDAQ: HOME), today announced its plan for leadership succession for the Company, its parent company Home Federal MHC ("Mutual Holding Company") and the Company's subsidiary, Home Federal Bank (the "Bank"). The Company is in the process of interviewing candidates in preparation for the future retirement of Daniel L. Stevens, the Company's Chairman, President and Chief Executive Officer. Mr. Stevens has announced that he intends to retire from active employment with the Company, the Mutual Holding Company and the Bank on September 30, 2008. The Company plans to name Mr. Stevens' successor in the coming weeks.

The candidate who is selected will be named President of the Bank and will assume increasing responsibilities with the Bank and the other companies during the transition period. Mr. Stevens will initially remain as President of the Company and the Mutual Holding Company. Upon Mr. Stevens' retirement, the candidate will also assume the position of Chief Executive Officer. Mr. Stevens will remain on the Boards of Directors of the Home Federal companies and continue to serve as their Chairmen following his retirement.

Home Federal Bancorp, Inc. is a savings and loan holding company headquartered in Nampa, Idaho. It is the subsidiary of Home Federal MHC, a federally chartered mutual holding company, and the parent company of Home Federal Bank, a federal savings bank that was originally organized as a building and loan association in 1920. The Company serves the Treasure Valley region of southwestern Idaho, that includes Ada, Canyon, Elmore and Gem Counties, through 14 full-service banking offices and two mortgage loan centers. The Company's common stock is traded on the NASDAQ Global Market under the symbol "HOME." The Company's stock is also included in the America's Community Bankers NASDAQ Index. For more information, visit the Company's web site at

Contact Information

  • Contact:
    Home Federal Bancorp, Inc.
    Daniel L. Stevens
    Chairman, President & CEO

    Robert A. Schoelkoph
    SVP, Treasurer & CFO