Home Federal Bancorp Inc. in Nampa, Idaho, is reorganizing, along with its thrift, into a state-chartered bank.
The $1.2 billion-asset parent will become a bank holding company and Home Federal Bank will convert into an Idaho-chartered commercial bank. The shift was announced Friday.
The boards of the parent and thrift approved the plan and have filed applications with their regulators.
The conversion coincides with two failed-bank acquisitions that Home Federal made through the Federal Deposit Insurance Corp. — Community First Bank in 2009 and LibertyBank in 2010.