UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
April 15, 2015

HF FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
Delaware
0-19972
46-0418532
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

225 South Main Avenue
Sioux Falls, SD
(Address of principal executive offices)
57104
(Zip Code)
 
(605) 333-7556
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))




ITEM 8.01
OTHER EVENTS.
On April 15, 2015, HF Financial Corp., issued a press release announcing that its wholly owned subsidiary, Home Federal Bank (the “Bank”), entered into a Purchase and Assumption Agreement with First Dakota National Bank providing for the sale of one of the Bank’s branches, which is located at 322 S. Coteau St., Pierre, SD 57501.
A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
ITEM 9.01     FINANCIAL STATEMENTS AND EXHIBITS.
(d)    Exhibits:
99.1
Press Release dated April 15, 2015.









    


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
HF Financial Corp.
(Registrant)
Date: April 15, 2015
By: /s/ Stephen M. Bianchi
Stephen M. Bianchi, President
and Chief Executive Officer
(Duly Authorized Officer)

Date: April 15, 2015
By: /s/ Brent R. Olthoff 
Brent R. Olthoff, Senior Vice President, Chief Financial Officer and Treasurer
(Principal Financial Officer)











FOR IMMEDIATE RELEASE: April 15, 2015



Home Federal Bank and First Dakota National Bank Enter into a Branch Purchase Agreement for Pierre, SD


SIOUX FALLS, S.D., April 15, 2015 (GLOBE NEWSWIRE) -- HF Financial Corp. (Nasdaq: HFFC) today announced that its operating subsidiary, Home Federal Bank, has entered into a Purchase and Assumption Agreement with First Dakota National Bank, Yankton, SD. The agreement covers the purchase by First Dakota of the Home Federal Bank branch located on 322 S. Coteau St., Pierre, South Dakota 57501. Under the terms of the agreement, First Dakota will assume deposits and loans associated with the branch and will acquire the branch facilities and equipment. The transaction is subject to certain conditions, including regulatory approval. The transaction is expected to close in approximately 90 days.

“We look forward to serving the Pierre community,” remarked Larry F. Ness, Chairman and CEO of First Dakota National Bank. ”Pierre is a good, strong community with hard-working and talented people. We are confident we can play a role in their future success and we can’t wait to get there.”

Ness stated, "First Dakota has served South Dakota citizens and businesses for over 143 years. Our banking philosophy is simple. It’s all about relationships - with our customers, our employees, and our communities. We provide a high-level of customer service with the integrity our customers deserve. We believe it’s our responsibility to make strong contributions to the communities we serve, and we plan to utilize both current and additional staff to expand upon the contributions Home Federal has made in the community over the past many years.”

“This branch sale is part of our ongoing strategy to become focused on our core banking markets in eastern South Dakota, which will improve our efficiency and align our business model with our market opportunities,” said Stephen M. Bianchi, HF Financial Corp.’s President and Chief Executive Officer. “We believe our strategy will benefit both customers and shareholders, and we are confident that First Dakota will provide our Pierre branch customers with excellent service and contribute positively to the Pierre community.”


About HF Financial Corp.

HF Financial Corp., based in Sioux Falls, South Dakota, is a bank holding company and the parent company for financial services companies, including Home Federal Bank and Hometown Investment Services, Inc. Home Federal Bank operates 24 offices in 18 communities throughout Eastern South Dakota, Minnesota and North Dakota including a branch in the Twin Cities market under the name 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

Source: HF Financial Corp.



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