Home Bancorp Announces Results of Annual Meeting of Shareholders and Stock Purchases to Fund Plan
May 12 2009 - 7:00PM
PR Newswire (US)
LAFAYETTE, La., May 12 /PRNewswire-FirstCall/ -- Home Bancorp, Inc.
(NASDAQ:HBCP) (the "Company"), the parent company for Home Bank
(http://www.home24bank.com/), a Federally chartered savings bank
headquartered in Lafayette, Louisiana (the "Bank"), announced that
shareholders re-elected the Board's nominees, Henry W. Busch, Jr.,
Lester J. Dailey and John A. Hendry, to additional three-year terms
and that the Company received approval of its proposals to adopt
the 2009 Stock Option Plan and the 2009 Recognition and Retention
Plan presented to shareholders at the annual meeting held today. "I
am pleased by the support of our shareholders in voting in favor of
our proposals," said John W. Bordelon, President and Chief
Executive Officer of Home Bancorp, Inc. "We are gratified by this
showing of shareholder support for our directors and the stock
benefit plans." In order to fund the 2009 Recognition and Retention
Plan, the related trust will purchase 357,075 shares of Home
Bancorp's common stock in the open market. Purchases will be made
from time to time at the discretion of management. Home Bank
conducts business from its main office in Lafayette, Louisiana,
eight additional full-service banking offices in the Lafayette
metropolitan area as well as two full service banking offices and a
loan production office in Baton Rouge, Louisiana. This news release
contains certain forward-looking statements. Forward-looking
statements can be identified by the fact that they do not relate
strictly to historical or current facts. They often include the
words "believe," "expect," "anticipate," "intend," "plan,"
"estimate" or words of similar meaning, or future or conditional
verbs such as "will," "would," "should," "could" or "may."
Forward-looking statements, by their nature, are subject to risks
and uncertainties. A number of factors many of which are beyond our
control could cause actual conditions, events or results to differ
significantly from those described in the forward-looking
statements. Home Bancorp's Annual Report on Form 10-K for the year
ended December 31, 2008, which is available from the SEC's website,
http://www.sec.gov/, or the Company's website,
http://www.home24bank.com/, describes some of these factors,
including risk elements in the loan portfolio, the level of the
allowance for losses on loans, risks of our growth strategy,
geographic concentration of our business, dependence on our
management team, risks of market rates of interest and of
regulation on our business and risks of competition.
Forward-looking statements speak only as of the date they are made.
We do not undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made or to reflect the occurrence of
unanticipated events. DATASOURCE: Home Bancorp, Inc. CONTACT: John
W. Bordelon, President and CEO of Home Bancorp, Inc.,
+1-337-237-1960 Web Site: http://www.home24bank.com/
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