HOMF Home Federal Bancorp (MM)

COLUMBUS, Ind., May 23 /PRNewswire-FirstCall/ -- Home Federal Bancorp ("the Company") (NASDAQ:HOMF), the holding company of HomeFederal Bank of Columbus, Indiana (the "Bank"), today announced a second quarter dividend of $0.20 (20 cents) per share. This represents a 6.67 percent increase from the previous quarter of $0.1875 (18.75 cents) per share. The dividend will be paid on July 3, 2006, to all shareholders of record on June 20, 2006. In April 2006 the Company announced that the Board of Directors had approved the repurchase, from time to time, on the open market of up to 5 percent of the Company's outstanding shares of common stock, or 187,927 such shares. The Company has to date repurchased 107,263 shares under this plan. Home Federal Bancorp is a bank holding company registered with the Board of Governors of the Federal Reserve System (the "Federal Reserve"), which has been authorized by the Federal Reserve to engage in activities permissible for a financial holding company. HomeFederal Bank, its principal subsidiary, is an FDIC insured state chartered commercial bank. HomeFederal Bank was founded in 1908 and offers a wide range of consumer and commercial financial services through 19 branch offices in central and southeastern Indiana. DATASOURCE: Home Federal Bancorp CONTACT: John K. Keach, Jr., Chairman of the Board, President/CEO, +1-812-373-7816, or Mark T. Gorski, Executive Vice President, Chief Financial Officer, +1-812-373-7379, both of Home Federal Bancorp Web site: http://www.homf.com/

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