Home Bancorp, Inc. Announces Demise of Kathy J. Bobbs, Director; Declares Quarterly Cash Dividend, Payable on May 18, 2018
April 24, 2018 at 05:02 pm IST
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Home Bancorp, Inc. announced that Kathy J. Bobbs, a director of the company, died unexpectedly on April 21, 2018. Mrs. Bobbs had been a director of the company since June 1, 2016.
On April 24, 2018, the company announced that its board of directors increased the quarterly cash dividend on shares of its common stock to $0.17 per share. The cash dividend will be paid on May 18, 2018 to shareholders of record at the close of business on May 7, 2018.
Home Bancorp, Inc. is the holding company for Home Bank, N.A. (the Bank). The Bank is a wholly owned subsidiary of the Company, conducts business through approximately 42 banking offices in the Acadiana, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana, the Natchez region of west Mississippi and the Houston region of Texas. The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The Bankâs principal sources of funds are customer deposits, repayments of loans, repayments of investments and funds borrowed from outside sources such as the Federal Home Loan Bank (FHLB) of Dallas. These funds are primarily used for the origination of loans, including one-to four-family first mortgage loans, home equity loans and lines, commercial real estate loans, construction and land loans, multifamily residential loans, commercial and industrial loans, and consumer loans.