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HopFed Bancorp elects 3 director nominees.

BANKING AND CREDIT NEWS-May 23, 2017-HopFed Bancorp elects 3 director nominees


Shareholders for HopFed Bancorp, Inc. (NASDAQ: HFBC), the holding company for Heritage Bank USA, Inc. have elected three nominees as directors to serve for a three-year term, ratified the appointment of Carr, Riggs & Ingram, LLC as the company's independent registered public accounting firm and approved an advisory, non-binding resolution with respect to the named Executive Officers compensation, the company said.

In comments at the meeting, John E. Peck, President and CEO, stated, "HopFed reported improved financial results for the first quarter ended March 31, 2017. Our growth in loans, deposits and net income was fueled by organic growth across our markets. Loans were up 11% to USD 615m, deposits increased 6% to USD 766m and net income jumped 84% to USD 935,000. Our net income per share rose 88% to USD 0.15 and benefited from our share repurchase program."

At the meeting, shareholders elected the following nominees to serve a three-year term:

Harry J. Dempsey, M.D. -- Medical Director of Anesthesia at Baptist Health Madisonville, KY

Thomas I. Miller, PhD -- President Emeritus of Murray State University and Professor Emeritus of Accounting, and

Clay Smith -- Owner and operator of Pennyrile Ford Lincoln Mercury in Hopkinsville, KY

Heritage Bank USA is a Kentucky state chartered commercial bank with the Kentucky Department of Financial Institutions and the Federal Deposit Insurance Corporation as its regulators.

HopFed Bancorp, Inc., the holding company for Heritage Bank, is a non-member federally chartered commercial bank holding company regulated by the Federal Reserve board. Heritage Bank has eighteen offices in western Kentucky and middle Tennessee and loan production offices in Nashville, Tennessee and Brentwood, Tennessee. The company offers a broad line of financial services through Heritage Wealth Management of Murray, Kentucky, Hopkinsville, Kentucky, and Pleasant View, Tennessee.

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Publication:M2 Banking & Credit News (BCN)
Geographic Code:1U6TN
Date:May 23, 2017
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