This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

HF Financial Names Michael M. Vekich Chairman And Stephen M. Bianchi Interim President And CEO

HF Financial Corp. (Nasdaq: HFFC) today announced that the Board of Directors has named Michael M. Vekich as Chairman of the Board and Stephen M. Bianchi as interim President and Chief Executive Officer. The company also announced the nominations of current directors Christine E. Hamilton and Thomas L. Van Wyhe for reelection at the company’s annual meeting of stockholders, which will be held on December 13, 2011. Stockholders of record as of October 17, 2011 will be entitled to vote at the meeting.

Vekich, who joined the company’s board in October 2010 and has served as Vice-Chair since November 2010, has over 30 years of senior executive and board experience at a variety of companies in banking and other industries. He is CEO of Vekich Associates Chartered, a Minneapolis-based management advisory firm which specializes in strategic planning, turnarounds, mergers and acquisitions, and board governance. Bianchi, who joined HF Financial in April 2010, has over 26 years of commercial and retail banking experience, including 20 years in the Twin Cities and broader Midwest markets.

“The HF Financial Board is committed to positive change in the operational leadership and execution at the company as we focus on delivering value for all our shareholders,” said Vekich. “I am pleased to have been elected Chairman by the Board, and we all believe Steve is the right person to lead HF Financial as we continue our permanent CEO search and execute our strategic plan. We are committed to maintaining our strong capital levels and asset quality and delivering the outstanding customer service that is the hallmark of our franchise. Whether through acquisition or organic growth, we believe expanding into the fragmented and underserved Twin Cities marketplace is a significant opportunity. HF Financial has a solid foundation and a bright future serving the banking needs of the communities of South Dakota and the Twin Cities.”

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs