HF Financial (NASDAQ:HFFC) Announces Stock Pricing, Shares Fall

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HF Financial Corp. (NASDAQ:HFFC)fell 165 to $8.20 after announced the pricing of an underwritten public offering of 2.5 million shares of its common stock at a public offering price of $8.00 per share, for gross proceeds of $20 million. The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses are approximately $17.939 million.

The company expects to close the sale of common stock, subject to customary conditions, on or about November 25, 2009.

HF Financial Corp. is a unitary thrift holding company that operates through its wholly owned subsidiary, Home Federal Bank (the Bank). The Bank is a federally chartered stock savings bank.