HF Financial Corp. of Sioux Falls, S.D., said it would buy Dakota State Bank for an undisclosed cash sum.

Dakota State Bank, based in Colman, S.D., has $50 million of assets and five branches. HF Financial, with $559 million of assets, is the parent of Home Federal Savings Bank, which operates 19 branches. The deal, announced last week, is expected to close during the first quarter.

Curtis L. Hage, Home Federal's chairman, president, and chief executive officer, said the deal would expand his thrift's branch network and customer base. In addition to basic banking, Home Federal offers electronic banking, retirement planning, trust, investment, and cash management services.

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