ABiz -> Acadiana Business TUE, MAY 24 10:26AM by Heather Miller

Home Bank buying back common stock

Home Bank is buying back 5 percent of its outstanding common stock, according to an Associated Press report.

The repurchases, which could include a little more than 402,000 shares, will add to another recent stock repurchase in which Home Bank bought back about 427,000 shares of its common stock at an average price of $13.56 per share.

According to the AP report, Home Bancorp, parent company of Home Bank, has 18 branches in Acadiana, Baton Rouge and on the north shore of Lake Pontchartrain.

The company announced in late March its plans to purchase GS Financial Corp., a $26.4 million cash buy that will allow the 102-year-old Lafayette bank to add five branches in Orleans and Jefferson parishes.

Read more on Home Bank and its recent acquisition announcement here.

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