8-K

                                  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):  November 24, 2004

                              Home Federal Bancorp
             (Exact Name of Registrant as Specified in Its Charter)

         Indiana                       0-18847                 35-1807839
(State or Other Jurisdiction    (Commission File Number)     (IRS Employer
    of Incorporation)                                      Identification No.)

       501 Washington Street, Columbus, Indiana                 47201
      (Address of Principal Executive Offices)               (Zip Code)

                                 (812) 522-1592
              (Registrant's Telephone Number, Including Area Code)

                                       N/A
          (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 (see General Instruction A.2. below):

[] 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.

On November 24, 2004, Home Federal Bancorp (the "Registrant") announced the
Registrant's approval of a stock repurchase program to repurchase, from time to
time, on the open market, up to 201,400 of the Registrant's outstanding shares
of common stock. Registrant also announced the declaration of a dividend in the
amount of $.1875 per share, payable on January 3, 2005, to shareholders of
record on December 20, 2004. A copy of the press release issued by the
Registrant concerning the foregoing is filed herewith as Exhibit 99.1 and is
incorporated herein by reference.

Item 9.01         Financial Statements and Exhibits.

         (c)  Exhibits

                   Exhibit No.          Description

                       99.1         Press Release dated November 24, 2004.


                                   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 hereto duly authorized.

         Date: November 24, 2004          HOME FEDERAL BANCORP


                                          By:/s/Lawrence E. Welker
                                             ---------------------
                                             Lawrence E. Welker
                                             Executive Vice President and Chief
                                             Financial Officer


                                       2

EX-99.1

                                                                    Exhibit 99.1

Home Federal Bancorp Announces Dividend and Stock Repurchase Program

    COLUMBUS, Ind.--(BUSINESS WIRE)--Nov. 24, 2004--Home Federal
Bancorp ("the Company") (NASDAQ:HOMF), the holding company of
HomeFederal Bank of Columbus, Indiana (the "Bank"), today announced a
fourth quarter dividend of $0.1875 (18.75 cents) per share. The
dividend will be paid on January 3, 2005, to all shareholders of
record on December 20, 2004.
    The Board of Directors also approved the eighth repurchase, from
time to time, on the open market of up to 5% of the Company's
outstanding shares of common stock, without par value ("Common
Stock"), or 201,400 such shares. Such purchases will be made subject
to market conditions in open market or block transactions. Management
believes that the purchase of these shares will help increase long
term shareholder value by increasing earnings per share and return on
equity. The Company expects to begin buying its shares under this plan
after the fourth quarter earnings are released in January 2005.
    Home Federal Bancorp is a bank holding company registered under
the Bank Holding Company Act, which has been authorized by the Federal
Reserve to engage in activities permissible for a financial holding
company. HomeFederal Bank, its principal subsidiary, is an FDIC
insured state chartered commercial bank and a member of the Federal
Reserve System. HomeFederal Bank was founded in 1908 and offers a wide
range of consumer and commercial financial services through eighteen
branch offices in southeastern Indiana.

    CONTACT: Home Federal Bancorp
             John K. Keach, Jr., 812-373-7816
             Lawrence E. Welker, 812-523-7308