Home Federal Bank Plans to Relocate One Hy-Vee Grocery Store Branch and Close Three Other Hy-Vee Branches in Sioux Falls
December 30 2014 - 11:04AM
HF Financial Corp. (Nasdaq:HFFC), the parent
company of Home Federal Bank, announced that the Bank plans to
close three Hy-Vee grocery store branches and relocate one Hy-Vee
grocery store branch in Sioux Falls. This announcement follows a
recent investment made in a new dynamic online platform which
brings added flexibility, conveniences and services to customers on
the go.
"Our strategy is to engage with our customers in ways that
provide them the most convenient access to their accounts. The
face-to-face time we get with our customers is priceless, and
balancing the physical branch locations with a robust electronic
channel is key to assuring we are exceeding expectations of our
customers while providing strong value to our shareholders," said
Stephen Bianchi, President and CEO.
Home Federal has recently purchased a former bank branch on East
10th Street (3717 East 10th Street). Plans are to relocate the
current branch inside the East 10th Hy-Vee grocery store to this
space. The last day of business inside the Hy-Vee will be March 29,
2015. This new location is in the process of being remodeled and
plans to be open to serve customers prior to the closure of the
Hy-Vee branch. The new full-service facility will provide drive-up
services.
Three other Hy-Vee grocery store branch locations scheduled to
close at 2 pm on March 29, 2015 include: 26th & Sycamore, South
Minnesota Avenue and 49th & Louise. The Hy-Vee branch at 26th
& Marion Road will remain open. "We are thankful for the good
relationship we have had with Hy-Vee over the years, and look
forward to continuing to work with this strong local company," said
Bianchi.
Upon the completion of this transition, Home Federal will
maintain a strong presence in Sioux Falls with seven branches.
These locations are in close proximity to the closed Hy-Vee grocery
store branches and will conveniently serve customers.
"We appreciate the opportunity to sit down with our customers to
help them achieve their financial goals. Additionally, we know
customers want to do their banking when it's most convenient for
them and use the technology that is common in their everyday lives.
With that in mind, and because we respect our customers' busy
lifestyles, we recently invested in an enhanced online banking
platform so customers have a more robust and intuitive banking
experience from a mobile phone, tablet or desktop computer. One
added feature includes a customer's ability to make a mobile
deposit by taking a photo of a check with their mobile device,"
added Bianchi.
As further evidence of this strategy, in August 2014, the Bank
announced it was building a new full-service branch in Marshall,
MN. This new branch will replace the current Hy-Vee grocery
store location in that community.
About HF Financial Corp.
HF Financial Corp., based in Sioux Falls, SD, is the parent
company for financial services companies, including Home Federal
Bank, Mid America Capital Services, Inc., dba Mid America Leasing
Company, Hometown Investment Services, Inc. and HF Financial Group,
Inc. As a publicly traded savings association headquartered in
South Dakota, HF Financial Corp. operates with 27 offices in 18
communities throughout Eastern South Dakota, Minnesota and North
Dakota. The Company operates a branch in the Twin Cities market as
Infinia Bank, a Division of Home Federal Bank of South Dakota, and
a loan production office in Fargo, North Dakota. Online banking is
also available at www.homefederal.com and www.infiniabank.com.
CONTACT: Stephen M. Bianchi, President and CEO
225 S. Main Ave., Sioux Falls, SD 57104
(605) 333-7556 or 1-800-244-2149
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