Home Bancorp, Inc. to Close Stock Offering
September 30 2008 - 5:00PM
PR Newswire (US)
LAFAYETTE, La., Sept. 30 /PRNewswire/ -- Home Bancorp, Inc., the
proposed holding company for Home Bank, Lafayette, Louisiana (the
"Bank"), announced that it received regulatory approval to complete
the conversion of the Bank from mutual to stock form and to
consummate its stock offering of 8,926,875 shares of common stock
at $10.00 per share, or $89,268,750. Sandler O'Neill &
Partners, L.P. served as financial advisor and marketing agent with
regard to the stock offering, which expired on September 17, 2008.
On September 26, 2008, the Bank's Plan of Conversion was approved
by the Bank's members at a special meeting. Home Bancorp expects to
complete its conversion and stock offering on or about October 2,
2008, and trading is expected to begin on the Nasdaq Global Market
on October 3, 2008, under the symbol "HBCP". Elias, Matz, Tiernan
& Herrick L.L.P., Washington, D.C., served as special counsel
to Home Bancorp for the conversion and stock offering. As of June
30, 2008, the Bank had $448.1 million in assets, $355.8 million in
deposits and $50.8 million in total equity. The Bank is a federally
chartered savings bank which operates from its headquarters in
Lafayette, Louisiana with eight additional full service branch
offices in the greater Lafayette area and one full service location
and a loan production office in Baton Rouge, Louisiana. Orders
received from the Bank's eligible account holders (priority 1) and
the Employee Stock Ownership Plan (priority 2) will account for
substantially all of the common stock to be issued by the Company.
Less than 100,000 shares will be allocated among supplemental
eligible account holders. Subscribers who do not receive their full
allocations or who were in lower priorities will have their funds
for subscription returned promptly. Subscribers may confirm their
stock allocation information by calling the Company's conversion
center at (877) 784-1067 after 9:00 a.m., Central Daylight Time,
October 2, 2008. 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
prospectus, dated August 12, 2008, 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. This release is neither an offer to sell nor
a solicitation of an offer to buy Common Stock, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws or laws of
any such state or jurisdiction. The offer is made only by the
prospectus. The shares of common stock are not savings accounts or
savings deposits, may lose value and are not insured by the federal
deposit insurance corporation or any other government agency.
DATASOURCE: Home Bancorp, Inc. CONTACT: John W. Bordelon, President
& Chief Executive Officer of Home Bancorp, Inc.,
+1-337-237-1960
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