HFBC » Topics » Deployment of 101 st Airborne Division to Iraq

This excerpt taken from the HFBC 10-Q filed Nov 14, 2005.

Deployment of 101st Airborne Division to Iraq

 

In September of 2005, the 101st Airborne Division stationed at Fort Campbell, Kentucky, approximately 20 miles from the Company’s headquarters, began the process of redeploying approximately 26,000 troops to Iraq for a period of at least one year. A large-scale deployment (approximately 13% of the Clarksville, Tennessee – Hopkinsville, Kentucky MSA population) may have an impact on the business environment in the Company’s largest market. The Company’s direct business dealings with military personnel appear to be limited. However, the deployment of a large number of troops affects the overall business client in the Company’s most significant market and may have an impact on the Company’s future levels of past dues, non-performing loans and net charge offs.

 

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