Home Federal Bancorp Announces Dividend

COLUMBUS, Ind., Feb. 26  /PRNewswire-FirstCall/ -- Home Federal Bancorp ("the Company") (NASDAQ:HOMF), the holding company of HomeFederal Bank of Columbus, Indiana (the "Bank"), today announced a first quarter dividend of $0.20 (20 cents) per share.  The dividend will be paid on April 1, 2008, to all shareholders of record on March 20, 2008.

In January 2008, the Company announced that the Board of Directors had approved the thirteenth repurchase, from time to time, on the open market of up to 5% of the Company's outstanding shares of common stock, or 168,498 such shares.  The Company has to date repurchased 6,886 shares under this plan.

Home Federal Bancorp is a bank holding company registered with the Board of Governors of the Federal Reserve System (the "Federal Reserve"), which has been authorized by the Federal Reserve to engage in activities permissible for a financial holding company.  HomeFederal Bank, its principal subsidiary, is an FDIC insured state chartered commercial bank.  HomeFederal Bank was founded in 1908 and offers a wide range of consumer and commercial financial services through 19 branch offices in central and southeastern Indiana. 

DATASOURCE: Home Federal Bancorp



CONTACT:  John K. Keach, Jr., Chairman of the Board, President-CEO,

[phone], or Mark T. Gorski, Executive Vice President, Chief Financial

Officer, [phone], both of Home Federal Bancorp



Web site:  http://www.homf.com/ 

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