GS Financial Corp. Shareholders Approve Merger With Home Bancorp, Inc.
July 07 2011 - 4:40PM
The merger of GS Financial Corp. (Nasdaq:GSLA) (the "Company") with
and into Home Bancorp, Inc. (Nasdaq:HBCP) was approved earlier
today by the shareholders of the Company.
Albert J. Zahn, Jr., Chairman of the Board of GS Financial Corp.
said, "We are pleased that our shareholders have overwhelmingly
approved the merger and look forward to serving our communities
with the combined resources of Home Bank and Guaranty Savings
Bank."
GS Financial Corp. provides community banking services through
its wholly-owned subsidiary, Guaranty Savings Bank, a federally
chartered savings association, in the metropolitan New Orleans
area.
Certain information in this release may constitute
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties that could cause
actual results to differ materially from those estimated due to a
number of factors. Persons are cautioned that such
forward-looking statements are not guarantees of future performance
and are subject to various factors, which could cause actual
results to differ materially from those estimated. These
factors include, but are not limited to, changes in general
economic and market conditions, the continuation of an interest
rate environment that adversely affects the interest rate spread or
other income from the Company's investments and operations, the
amount of the Company's delinquent and non-accrual loans, troubled
debt restructurings, other real estate owned and loan charge-offs;
the effects of competition, and of changes in laws and regulations
on competition, including industry consolidation and development of
competing financial products and services; interest rate movements;
the possibility that the proposed merger with Home Bancorp, Inc.
fails to be completed, or if completed, the anticipated benefits
from the merger are not fully realized due to, among other factors,
the failure to combine the Company's business with Home Bancorp,
the anticipated synergies not being achieved or the integration
proves to be more difficult, time consuming or costly than
expected; difficulties in integrating distinct business operations,
including information technology difficulties; disruption from the
transaction making it more difficult to maintain relationships with
customers and employees, and challenges in establishing and
maintaining operations in new markets; volatilities in the
securities markets; and deteriorating economic conditions. The
Company does not undertake and specifically disclaims any
obligation to publicly release the result of any revisions which
may be made to any forward-looking statements to reflect the
occurrence of anticipated or unanticipated events or circumstances
after the date of such statements.
CONTACT: Stephen E. Wessel
President and Chief Executive Officer
(504) 457-6220
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