HopFed Bancorp Inc. reports First Quarter Results for 2013

Hopkinsville, KY – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”), the holding company for Heritage Bank (the “Bank”), today reported results for the three month period ended March 31st, 2013.

For the three month period ended March 31st, 2013, the Company’s net income available to common shareholders was $984,000, or $0.13 per common share, basic and diluted, compared to net income available to common shareholders of $470,000, or $0.06 per common share basic and diluted, for the three month period ended March 31st, 2012. [Read more]

Heritage Bank parent company HopFed Bancorp, Inc. to acquire Tennessee-Based Sumner Bank & Trust

Hopkinsville, KY – HopFed Bancorp, Inc. (NASDAQ: HFBC) (“HopFed”), the parent company of Heritage Bank in Hopkinsville, Kentucky (“Heritage”), today announced that it has entered into a definitive agreement to acquire Sumner Bank & Trust (OTC Pink: SBKT), based in Gallatin, Tennessee (“Sumner”).

HopFed has agreed to pay approximately $14.3 million in cash, or $10.04 per share, to purchase all of the common stock and common stock equivalents of Sumner, including common stock that would be issued upon the conversion of Sumner’s convertible preferred stock upon a change of control (subject to adjustments). [Read more]