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HF Financial Schedules 2011 Annual Meeting of Stockholders

^{Published on 2011-09-30 11:39:28 - Market Wire}
 

SIOUX FALLS, S.D.--([ BUSINESS WIRE ])--HF Financial Corp. (Nasdaq: HFFC) (the aCorporationa) today announced it will hold its Annual Meeting of Stockholders on December 13, 2011 (the aAnnual Meetinga). The record date for the Annual Meeting is October 17, 2011.

The Corporation noted that it is consulting with the Federal Reserve Board regarding the intention of PL Capital Group, an owner of approximately 9.9% of the Corporationa™s outstanding shares, to nominate two directors to the Corporationa™s Board of Directors. The Board of Directors, in consultation with its outside counsel, has determined that PL Capital Groupa™s proxy solicitation and other recent actions are in violation of the federal banking laws because PL Capital Group has failed to obtain the required prior regulatory approval under the Federal Reserve Boarda™s control regulations. The Board has informed PL Capital Group of this issue.

Given the potentially serious implications of PL Capital Groupa™s actions, the Corporation has advised the Federal Reserve Board of its concerns and plans to await the Federal Reserve Boarda™s direction before considering PL Capital Groupa™s nominations.

Important Information

This material may be deemed to be solicitation material in respect of the solicitation of proxies from the Corporationa™s stockholders in connection with the Corporationa™s Annual Meeting. The Corporation plans to file with the Securities and Exchange Commission (the aSECa) and furnish to its stockholders a proxy statement in connection with the Annual Meeting (the aAnnual Meeting Proxya), and advises its stockholders to read the Annual Meeting Proxy and any and all supplements and amendments thereto when they become available, because they will contain important information. Stockholders may obtain a free copy of the Proxy Statement and other documents that the Corporation files with the SEC (when available) at the SECa™s website at [ www.sec.gov ]. The Proxy Statement and these other documents may also be obtained upon request addressed to the Secretary of the Corporation at 225 South Main Avenue, Sioux Falls, South Dakota, 57104.

Certain Information Concerning Participants

The Corporation, its directors and certain of its executive officers and other employees may be deemed to be participants in the solicitation of the Corporationa™s stockholders in connection with its Annual Meeting. Stockholders may obtain information regarding the names, affiliations and interests of such individuals in the Corporationa™s proxy statement related to its 2010 annual meeting of stockholders, filed with the SEC on October 13, 2010 and on Forms 3 and 4 filed with the SEC. More current information regarding the interests of the participants in the solicitation will be contained in the Annual Meeting Proxy.

About HF Financial Corp.

HF Financial Corp., based in Sioux Falls, SD, is the parent company for financial services companies, including Home Federal Bank, Mid America Capital Services, Inc., dba Mid America Leasing Company, Hometown Investment Services, Inc. and HF Financial Group, Inc. The largest publicly traded savings association headquartered in South Dakota, HF Financial Corp. operates with 34 offices in 19 communities, throughout Eastern South Dakota and one location in Marshall, Minnesota. The Corporation has opened a branch in the Twin Cities market as Infinia Bank, a Division of Home Federal Bank of South Dakota. Internet banking is also available at [ www.homefederal.com ].