HF Financial Corp. Announces Pricing Of Common Stock Offering

SIOUX FALLS, S.D., Nov. 20 /PRNewswire-FirstCall/ -- HF Financial Corp. (Nasdaq: HFFC) today 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.

Sandler O'Neill + Partners, L.P. acted as the sole underwriter for the offering.  The Company has granted the underwriter a 30-day option to purchase up to an additional 375,000 shares of the Company's common stock to cover over-allotments, if any.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  The Company has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates.  Before you invest, you should read the prospectus in the registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company, the underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it from Sandler O'Neill + Partners, L.P., 919 Third Avenue, 6th Floor, New York, NY 10022, Attention: Syndicate Department 1-866-805-4128.

About HF Financial

HF Financial Corp., based in Sioux Falls, SD, is the parent company for financial service companies, including Home Federal Bank, Mid America Capital Services, Inc., dba Mid America Leasing Company, Hometown Investment Services, Inc. and HF Financial Group, Inc.  As of September 30, 2009, the Company had total assets of $1.2 billion and stockholders' equity of $70.5 million.  The Company is the largest publicly traded savings association headquartered in South Dakota, with 33 offices in 19 communities, which includes a location in Marshall, Minnesota.

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