Suit against HopFed dismissed.
BANKING AND CREDIT NEWS-October 31, 2017-Suit against HopFed dismissed
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HopFed Bancorp, Inc. (NASDAQ: HFBC) has announced that the lawsuit filed on May 4, 2017 against the company and its directors by activist stockholders, Stilwell Associates, L.P., Stilwell Activist Fund, L.P. and Stilwell Activist Investments, L.P. (Stilwell Funds), was dismissed by the Court of Chancery in the State of Delaware.
The suit is subject only to possible consideration of a Fee and Expense Application, the company said.
HopFed Bancorp, Inc. is a holding company of Heritage Bank USA, Inc. ("Heritage Bank") headquartered in Hopkinsville, Kentucky. The Bank has eighteen offices in western Kentucky and middle Tennessee as well as Heritage Bank Wealth Management of Murray, Kentucky, Hopkinsville, Kentucky, Kingston Springs, Tennessee, and Clarksville, Tennessee and Heritage Mortgage Services of Clarksville, Tennessee, and loan production offices in Nashville, Tennessee and Brentwood, Tennessee.
The Bank offers a broad line of banking and financial products and services with the personalized focus of a community banking organization. For more information about Heritage Bank and HopFed Bancorp, Inc., go to www.bankwithheritage.com.
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