Home Financial Bancorp Announces Purchase of Shares from Estate of Large Shareholder

Fri Jun 7, 2013 12:27pm EDT

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Home Financial Bancorp Announces Purchase of Shares from Estate of Large Shareholder

Home Financial Bancorp (OTCQB: HWEN) (the “Corporation”) today announced that it repurchased 100,000 shares of Home Financial Bancorp common stock, without par value (“Common Stock”), from the estate (the “Estate”) of the widow of its past chairman, Frank R. Stewart, for $4.50 per share, or $450,000 in the aggregate. The Estate held 155,167 shares, or 11.9% of the Corporation’s outstanding shares at the time of the transaction. The Corporation’s bank subsidiary, Our Community Bank (the “Bank”), purchased an additional 19,667 shares from the Estate also for $4.50 per share. With the sale of an additional 35,500 shares by the Estate to three directors of the Corporation, the Estate no longer owns any of the Corporation’s shares. Following these transactions, the Corporation’s outstanding shares are 1,206,185. The 19,667 shares held by the Bank are outstanding shares but may not be voted.

Home Financial Bancorp and Our Community Bank, an FDIC-insured Indiana stock commercial bank, operate from headquarters in Spencer, Indiana, and a branch office in Cloverdale, Indiana. Additional information concerning Home Financial Bancorp and its subsidiaries is available at www.hfbancorp.com or www.ocbconnect.com.

Home Financial Bancorp
Kurt D. Rosenberger, President
Phone: 812-829-2095
Fax: 812-829-3069