Published:
Home Bancorp, Inc. to Close Stock Offering
LAFAYETTE, La., Sept. 30 /PRNewswire/ -- Home Bancorp, Inc., the proposed
holding company for Home Bank,Lafayette, Louisiana (the "Bank"), announced
that it received regulatory approval to complete the conversion of the Bank
from mutual to stock form and to consummate its stock offering of 8,926,875
shares of common stock at $10.00 per share, or $89,268,750. Sandler O'Neill &
Partners, L.P. served as financial advisor and marketing agent with regard to
the stock offering, which expired on September 17, 2008.
On September 26, 2008, the Bank's Plan of Conversion was approved by the
Bank's members at a special meeting.
Home Bancorp expects to complete its conversion and stock offering on or
about October 2, 2008, and trading is expected to begin on the Nasdaq Global
Market on October 3, 2008, under the symbol "HBCP".
Elias, Matz, Tiernan & Herrick L.L.P.,Washington, D.C., served as special
counsel to Home Bancorp for the conversion and stock offering.
As of June 30, 2008, the Bank had $448.1 million in assets, $355.8 million
in deposits and $50.8 million in total equity. The Bank is a federally
chartered savings bank which operates from its headquarters inLafayette,
Louisiana with eight additional full service branch offices in the greater
Lafayette area and one full service location and a loan production office in
Baton Rouge, Louisiana.
Orders received from the Bank's eligible account holders (priority 1) and
the Employee Stock Ownership Plan (priority 2) will account for substantially
all of the common stock to be issued by the Company. Less than 100,000 shares
will be allocated among supplemental eligible account holders. Subscribers
who do not receive their full allocations or who were in lower priorities will
have their funds for subscription returned promptly. Subscribers may confirm
their stock allocation information by calling the Company's conversion center
at (877) 784-1067 after 9:00 a.m., Central Daylight Time, October 2, 2008.
This news release contains certain forward-looking statements.
Forward-looking statements can be identified by the fact that they do not
relate strictly to historical or current facts. They often include the words
"believe," "expect," "anticipate," "intend," "plan," "estimate" or words of
similar meaning, or future or conditional verbs such as "will," "would,"
"should," "could" or "may."
Forward-looking statements, by their nature, are subject to risks and
uncertainties. A number of factors -- many of which are beyond our
control -- could cause actual conditions, events or results to differ
significantly from those described in the forward-looking statements. Home
Bancorp's prospectus, dated August 12, 2008, describes some of these factors,
including risk elements in the loan portfolio, the level of the allowance for
losses on loans, risks of our growth strategy, geographic concentration of our
business, dependence on our management team, risks of market rates of interest
and of regulation on our business and risks of competition. Forward-looking
statements speak only as of the date they are made. We do not undertake to
update forward-looking statements to reflect circumstances or events that
occur after the date the forward-looking statements are made or to reflect the
occurrence of unanticipated events.
This release is neither an offer to sell nor a solicitation of an offer to
buy Common Stock, nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws or laws of
any such state or jurisdiction. The offer is made only by the prospectus.
The shares of common stock are not savings accounts or savings deposits, may
lose value and are not insured by the federal deposit insurance corporation or
any other government agency.
SOURCE Home Bancorp, Inc.
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Copyright © 2008, NewsBlaze,
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