HOMF Home Federal Bancorp (MM)

COLUMBUS, Ind., Nov. 27 /PRNewswire-FirstCall/ -- Home Federal Bancorp ("the Company") (NASDAQ:HOMF), the holding company of HomeFederal Bank of Columbus, Indiana (the "Bank"), today announced a fourth quarter dividend of $0.20 (20 cents) per share. The dividend will be paid on January 3, 2008, to all shareholders of record on December 20, 2007. In April 2007, the Company announced that the Board of Directors had approved the twelfth repurchase, from time to time, on the open market of up to 5% of the Company's outstanding shares of common stock, or 175,628 such shares. The Company has to date repurchased 132,503 shares under this plan. On August 8, 2006, the Securities and Exchange Commission approved a new NASDAQ listing standard which requires listed companies to be eligible for participation in the Direct Registration System ("DRS"), which is currently administered by the Depository Trust Company. The Direct Registration System allows investors to have securities registered in their names without the issuance of physical certificates and allows investors to electronically transfer securities to broker-dealers in order to effect transactions without the risks and delays associated with transferring physical certificates. To meet DRS requirements and comply with the new NASDAQ listing standards, the Board of Directors of the Corporation amended Article VI of the Corporation's Code of By-Laws (the "By-Laws"), effective as of November 27, 2007, to permit the issuance of uncertificated shares. At a meeting held on November 27, 2007, the Board of Directors also adopted a resolution authorizing uncertificated shares as of January 1, 2008. The full text of the Bylaws, as amended, is filed as Exhibit 3.1 of Form 8-K, and amended Article VI thereof is incorporated herein by reference. 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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