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Shelf Registrations: HopFed Files For $30 Million

May 26, 2010 (FinancialWire) — HopFed Bancorp, Inc. (NASDAQ: HFBC), a unitary savings and loan holding company, and parent company of Heritage Bank, said it has filed a registration statement with the Securities and Exchange Commission for an offering of $30 million of its common stock. The company said it expects to sell its common stock in an underwritten public offering with Howe Barnes Hoefer & Arnett, Inc. acting as manager.

HopFed plans to grant the underwriters an option to purchase up to an additional $4.5 million of common stock offered to cover over-allotments, if any. 

The company said it plans to use the net proceeds from the offering for general corporate purposes including ongoing and anticipated growth, including potential acquisition opportunities.

Kentucky-based HopFed Bancorp is a holding company of Heritage Bank, which has eighteen offices in western Kentucky and middle Tennessee.

Heritage also owns Fall & Fall Insurance of Fulton, Kentucky, Heritage Solutions of Murray, Kentucky, Hopkinsville, Kentucky, Kingston Springs, Tennessee, and Pleasant View, Tennessee and Heritage Mortgage Services of Clarksville, Tennessee.

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