SOURCE: Home Federal Bancorp, Inc.

August 22, 2006 16:14 ET

Home Federal Bancorp, Inc. Announces New President

NAMPA, ID -- (MARKET WIRE) -- August 22, 2006 -- Home Federal Bancorp, Inc. (the "Company") (NASDAQ: HOME) today announced it has appointed Len E. Williams as President of the Company's subsidiary, Home Federal Bank (the "Bank"). Mr. Williams will take over responsibility for the day-to-day operations of the Bank and will report to Daniel L. Stevens who continues as Chief Executive Officer and Chairman of the Board.

"We are looking forward to the experience Len Williams will bring to the Bank and will look to his leadership skills as he helps us continue to move forward with our established strategic plan," said Mr. Stevens.

Mr. Williams, a 47-year-old banking executive from Ohio, expects to begin work at Home Federal Bank on September 11, 2006. "I am excited to be joining a strong company like Home Federal," said Mr. Williams. "The Bank is positioned in an excellent market and I look forward to working with the leadership, employees, and the local community."

In an earlier statement, Mr. Stevens announced that he intends to retire from active employment with the Company, the Home Federal MHC and the Bank on September 30, 2008. Upon Mr. Stevens' retirement, Mr. Williams is expected to assume the position of Chief Executive Officer of the Bank. Following his retirement from employment, Mr. Stevens will remain as Chairman of the Boards of Directors of Home Federal MHC, the Company, and the Bank.

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 www.myhomefed.com.

Contact Information

  • Contact:
    Daniel L. Stevens
    Chairman, President & CEO
    Home Federal Bancorp, Inc.
    500 12th Avenue South
    Nampa, ID 83651
    208-466-4634
    www.myhomefed.com