November 23, 2009 (FinancialWire) — HF Financial Corp. (NASDAQ: HFFC) has priced an underwritten public offering of 2.5 million shares of its common stock at a public offering price of $8.00 per share, for gross proceeds of $20 million.

The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses are approximately $17.939 million.

HF has granted the underwriter a 30-day option to purchase up to an additional 375,000 shares of the company’s common stock to cover over-allotments, if any.

South Dakota-based HF Financial is the parent company for financial service companies including Home Federal Bank, Mid America Capital Services, Inc., dba Mid America Leasing company, Hometown Investment Services, Inc. and HF Financial Group, Inc.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.