Home Federal Bank was a financial services company headquartered in Sioux Falls, South Dakota. It operated 27 branch locations in nine communities throughout eastern South Dakota and one community in southwest Minnesota. Also operated as Infinia Bank, a division of Home Federal Bank, located in Bloomington, MN. It was the largest publicly traded savings association based in South Dakota.
Home Federal Bank was acquired by Great Western Bank at the end of 2015 and the entire account portfolio switched on 05/16/2016
History
Home Federal Bank was originally chartered on March 20, 1929, as Home Federal Savings Association. Since 1992 the organization has operated under a federal savings bank charter with the name, Home Federal Savings Bank. The name changed in 2001 to Home Federal Bank. Home Federal Bank is a wholly owned subsidiary of HF Financial Corp., which is traded on the NASDAQ under the symbol “HFFC.” The home office is located at 225 South Main Avenue, in Sioux Falls, South Dakota.[1] Alerus Financial Corporation (Alerus), based in Grand Forks, North Dakota, and HMNF Financial Inc., based in Rochester, Minnesota, and parent company of Home Federal Savings Bank (Home Federal), announced a merger agreement on May 15, 2024.
Parent company
HF Financial Corp. has assets totaling $987.2 million and stockholders’ equity of $1.2 billion (as of March 31, 2013). The company is the largest publicly traded financial institution based in South Dakota.