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Banking & Holdings: HopFed Sells Overallotment Shares

July 19, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — HopFed Bancorp, Inc. (NASDAQ: HFBC) said that the underwriter for the company's recent public offering of 3,333,334 shares of common stock has exercised its over-allotment option and purchased an additional 250,000 shares of the company's common stock.

HopFed received net proceeds of around $2,137,500 from the sale of the additional 250,000 shares.

Howe Barnes Hoefer & Arnett, Inc. acted as the sole manager for the offering.

Kentucky-based HopFed Bancorp is a unitary savings and loan holding company with posted assets of $1 billion as of March 31, 2010.

Through its wholly owned bank subsidiary, Heritage Bank, the company offers a range of banking services to commercial and retail customers in western Kentucky and Tennessee, northwest of Nashville.

Heritage Bank has 18 locations in Kentucky and Tennessee and more than 60 AT Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

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