HF
Financial Corp. (HFFC) is a bank holding company that was acquired by
United Community Banks, Inc. in April 2016. The company operated as
the holding company for Home Federal Bank, a federal savings bank that
provided a range of financial services to individuals and businesses
in the Sioux Falls, South Dakota region.
Prior to its
acquisition, HF Financial Corp. had been in operation since 1929 and
had built a reputation as a trusted provider of banking services in
its local market. The company had a strong focus on personalized
service and had built long-standing relationships with many of its
customers.
Under the terms of the acquisition, United Community
Banks, Inc. acquired all outstanding shares of HF Financial Corp. in a
cash and stock transaction valued at approximately $85 million. The
acquisition allowed United Community Banks, Inc. to expand its
presence in the Southeastern United States and enter the South Dakota
market.
Overall, HF Financial Corp. was a well-respected and
established financial institution that had built a loyal customer base
in its local market. Its acquisition by United Community Banks, Inc.
allowed the company to expand its reach and continue providing
high-quality banking services to its
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