Home Federal Bank is a financial services

Financial services

Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

 company, headquartered in Sioux Falls

Sioux Falls, South Dakota

Sioux Falls is the largest city in the U.S. state of South Dakota. Sioux Falls is the county seat of Minnehaha County, and also extends into Lincoln County to the south...

, South Dakota

South Dakota

South Dakota is a state located in the Midwestern region of the United States. It is named after the Lakota and Dakota Sioux American Indian tribes. Once a part of Dakota Territory, South Dakota became a state on November 2, 1889. The state has an area of and an estimated population of just over...

. It operates 32 branch locations in 19 communities throughout parts of South Dakota and Minnesota.

Home Federal is the largest publicly traded financial institution based in South Dakota.

There was also a bank of the same name based in San Diego which was in operation until the early 1990s.

History

Home Federal Bank was originally chartered on March 20, 1929 as Home Federal Savings Association. Since 1992 the organization has operated under a federal savings bank charter with the name, Home Federal Savings Bank. The name changed in 2001 to Home Federal Bank. Home Federal Bank is a wholly owned subsidiary of HF Financial Corp., which is traded on the NASDAQ under the symbol “HFFC.” The home office is located at 225 South Main Avenue, in Sioux Falls, South Dakota.

Parent Company

HF Financial Corp. has assets totaling $987.2 million and stockholders’ equity of $58.3 million (as of September 30, 2006). The company is the largest publicly traded financial institution based in South Dakota. HF Financial Corp., the parent company for financial service companies, including Home Federal Bank, Mid America Capital Services, Inc., Hometown Insurors, Inc., and HF Financial Group, Inc. The combination of these companies employs over 300 people.

Recognitions & Community Involvement

Money Magazine recognized Home Federal Bank in its June 1995 issue as South Dakota’s Best Bank. The national publication rated the Bank on the attractiveness of its consumer accounts and services, its willingness to lend to its customers and the Bank’s safety rating.

Home Federal Bank received an "Outstanding" rating in the Bank's performance relative to the Community Reinvestment Act

Community Reinvestment Act

The Community Reinvestment Act is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods...

.

Home Federal Bank, along with Habitat Upper Midwest, was the proud recipient of the "Community Partnership Award" of the Federal Home Loan Bank System in 1999. This is a national award presented to two partnerships in each of the 12 Federal Home Loan Bank areas. A member financial institution and a community-development organization hold each award jointly – partners that have successfully shared the challenge of creating local solutions for specific housing and development problems in their communities. Home Federal has supported numerous Habitat chapters in the creation of 85 South Dakota homes.