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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 14, 2007
HOMETOWN BANCORP, INC.
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(Exact Name of Registrant as Specified in Its Charter)
United States 333-141351 02-0783010
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
12 Main Street, Walden, New York 12586
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(Address of principal executive offices) (Zip Code)
(845) 778-2171
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
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On May 14, 2007, Hometown Bancorp, Inc., a federal stock holding
company (the "Company"), Hometown Bancorp MHC, a federal mutual savings and loan
holding company (the "MHC"), and Walden Federal Savings and Loan Association, a
federal savings bank (the "Bank"), entered into an Agency Agreement with Sandler
O'Neill & Partners, L.P. ("Sandler"), who will act as the Company's financial
advisor during the Company's stock offering and also assist in the marketing of
the Company's common stock during its stock offering. For these services,
Sandler will receive a fee of $135,000. In the event that Sandler sells common
stock through a group of broker-dealers in a syndicated community offering, the
fee payable to selected dealers (which may include Sandler for the shares it
sells) for the shares they sell shall not exceed 5.5% of the aggregate dollar
amount of shares sold in the syndicated offering.
The shares of common stock are being offered pursuant to a Registration
Statement on Form SB-2 (Registration No. 333-141351) filed under the Securities
Act of 1933, as amended, and a related prospectus dated May 14, 2007.
The foregoing description of the terms of the Agency Agreement is
qualified in its entirety by reference to the Agency Agreement, which is filed
as Exhibit 1.1 hereto and incorporated by reference herein.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
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(d) Exhibits
Number Description
1.1 Agency Agreement dated May 14, 2007 between
Hometown Bancorp, Inc., Hometown Bancorp MHC,
Walden Federal Savings and Loan Association
and Sandler O'Neill & Partners, L.P.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: May 16, 2007 By: /s/ Thomas F. Gibney
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Thomas F. Gibney
President and Chief Executive Officer