UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): September 26, 2008
HOMETOWN BANCORP, INC.
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(Exact name of registrant as specified in its charter)
United States 000-52674 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)
Registrant's telephone number, including area code: (845) 778-2171
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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))
Item 8.01 Other Events.
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Hometown Bancorp, Inc., the holding company for Walden Federal Savings and
Loan Association ("Walden Federal") has announced that effective on September
26, 2008, Walden Federal has purchased a commercial building, in the Town of
Newburgh, New York for $1.5 million from LRW RT. 52, LLC, Walden Federal's
former landlord. The building currently consists of four retail spaces, one of
which is occupied by Walden Federal as a bank branch facility and was formerly
leased by Walden Federal. This transaction will enable Walden Federal to
relocate its commercial loan department to an expanded facility, to give
additional support to the branch network and to provide a source of income due
to the additional leased space.
Hometown Bancorp, Inc. also stated today that Walden Federal did not invest
in any equity shares of Fannie Mae and Freddie Mac and therefore will not be
exposed to any potential charges to its third-quarter earnings.
SIGNATURES
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 hereunto duly authorized.
HOMETOWN BANCORP, INC.
(Registrant)
Date: October 1, 2008 By: /s/ Stephen W. Dederick
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Stephen W. Dederick
Vice President and Chief
Financial Officer