EXHIBIT 99.1


                                  PRESS RELEASE
                                October 29, 2003
                             THIRD QUARTER EARNINGS

         MIDDLESBORO, Kentucky -- David B. Cook, President and Chief Executive
Officer of HFB Financial Corporation (NASDAQ: HFBA) announced today, earnings of
$565,000 for the quarter ended September 30, 2003, as compared to earnings of
$617,000 for the previous quarter ended June 30, 2003. Basic and diluted
earnings per share were $0.45 per share as compared to basic earnings and
diluted earnings per share of $0.49 for the previous quarter ended June 30,
2003. Mr. Cook attributed the decline in earnings primarily to pressure on the
Company's net interest margin. As of September 30, 2003, HFB Financial had
1,301,101 shares of common stock outstanding.

HFB Financial Corporation is the holding company for Home Federal Bank
Corporation, a state chartered commercial bank with assets totaling $256.7
million at September 30, 2003. Home Federal which was founded in 1920, has full
service offices in the communities of Middlesboro Kentucky, Harlan Kentucky, New
Tazewell Tennessee and Jacksboro Tennessee.

Certain statements of other than historical fact that are contained in this
document and in written material, press releases and oral statements issued by
or on behalf of HFB Financial Corporation may be considered to be
"forward-looking statements" as that term is defined in the Private Securities
Litigation Reform Act of 1995. These statements may include words such as
"expect," "estimate," "project," "anticipate," "should," "intend,"
"probability," "risk," "target," "objective," and similar expressions.
Forward-looking statements are subject to significant risks and uncertainties
and the company's actual results may differ materially from the results
discussed in the forward-looking statements. Other factors that could cause
actual results to differ materially from forward-looking statements include, but
are not limited to general economic conditions, either nationally or in the
State of Kentucky or the State of Tennessee, legislation or regulatory changes
which adversely affect the businesses in which the company is engaged, changes
in the interest rate environment which reduce interest margins, significant
increases in competition in the banking and financial services industry, changes
in consumer spending, borrowing and saving habits, technological changes, the
company's ability to increase market share and control expenses, the effect of
compliance with legislation or regulatory changes, the effect of changes in
accounting policies and practices and the costs and effects of unanticipated
litigation.


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