Item 2.01 Completion of Acquisition or Disposition of Assets
Effective February 1, 2023, Home Federal Bancorp, Inc. of Louisiana (the
"Company") completed its acquisition of Northwest Bancshares Corporation ("NWB")
in accordance with the terms of the Agreement and Plan of Merger, dated as of
October 4, 2022, by and between the Company and NWB (the "Merger Agreement").
Immediately after closing and in accordance with the terms of the Merger
Agreement, First National Bank of Benton ("FNBB"), which had been the wholly
owned subsidiary of NWB, was merged with and into Home Federal Bank ("HFB"), the
Company's wholly owned subsidiary, with HFB as the surviving institution.
The Company acquired all of the outstanding shares of common stock of NWB for
aggregate cash consideration of approximately $10.2 million ($128.16 per NWB
common share). The preceding description is qualified in its entirety by
reference to the Merger Agreement, which is incorporated by reference from
Exhibit 2.1 of the Current Report on Form 8-K filed by the Company with the SEC
on October 4, 2022 (SEC File No. 001-35019).
Item 8.01 Other Events
On February 1, 2023, the Company issued a press release announcing the
completion of the acquisition of NWB. A copy of the press release is filed as
Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits
The following exhibits are included herewith.
Exhibit Number Description
2.1 Agreement and Plan of Merger, dated as of October 4, 2022,
between Home Federal Bancorp, Inc. of Louisiana and Northwest
Bancshares Corporation (Incorporated by reference to Exhibit
2.1 of the Current Report on Form 8-K filed by Home Federal
Bancorp, Inc. of Louisiana, dated as of October 4, 2022 and
filed with the SEC on October 4, 2022 (SEC File No.
001-35019).
99.1 Press release dated February 1, 2023
104 Cover page interactive date file (embedded within the Inline
XBRL document.)
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