Home Bank adopts Plan of Conversion

LAFAYETTE - Home Bank, a federally chartered savings bank headquartered in Lafayette, today announced that its Board of Directors adopted a plan to convert Home Bank to a stock institution. In accordance with the Plan of Conversion, Home Bank will become a wholly-owned subsidiary of a stock holding company and the common stock of the holding company will be offered to depositors of the bank and others in thee manner and subject to the priorities set forth in the Plan of Conversion.

John W. Bordelon, President and Chief Executive Officer of Home Bank, stated that, “We are pleased and excited about the prospect of operating as a stock company as it will provide support for our lending activities and facilitate our growth through the development of additional new branches and facilities as well as possible acquisitions in the years ahead.” Michael Maraist, Chairman of the Board of Directors of Home Bank, stated that, “The Board of Directors believes the significant increase in the Bank’s capital as a result of the Conversion will permit the Bank to better serve our customers and the communities in which we currently operate but also permit us to expand into new markets as well as offer new products and services.”

The Plan of Conversion is subject to approval by the Bank’s members as well as the Office of Thrift Supervision. A proxy statement setting forth detailed information relating to the Plan of Conversion will be sent to members for their consideration prior to a special meeting called to consider the Plan of Conversion.

Depositors will continue to hold accounts in Home Bank as a stock institution identical as to dollar amount, rate of return and general terms (other than voting and liquidation rights). Borrowers’ loans will be unaffected by the conversion and will remain contractually fixed as they existed prior to the conversion. The normal business of Home Bank of accepting deposits and making loans will continue without interruption in its existing offices.

Home Bank anticipates filing the requisite regulatory applications in the near future. The offering of shares pursuant to the Plan of Conversion will be made only by means of a prospectus in accordance with the Securities Act of 1933, as amended, and all applicable state securities laws.