UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

HopFed Bancorp, Inc.

(Name of issuer)

Common Stock

(Title of class of securities)

439734104

(CUSIP number)

June 21, 2010

(Date of event which requires filing of this statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

	SCHEDULE 13G	Page 2 of 13 Pages
CUSIP No. 439734104

1.	Names of reporting person Sandler O’Neill Asset Management, LLC
2.	Check the appropriate box if a member of a group* (a)  ¨        (b)   ¨
3.	SEC use only
4.	Citizen or place of organization     New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5.	Sole voting power
		6.	Shared voting power     686,287
		7.	Sole dispositive power
		8.	Shared dispositive power     686,287
9.	Aggregate amount beneficially owned by each reporting person     686,287
10.	Check box if the aggregate amount in Row (9) excludes certain shares*     ¨
11.	Percent of class represented by amount in Row (9)      9.90%
12.	Type of reporting person*     00

*SEE INSTRUCTIONS BEFORE FILLING OUT!

	SCHEDULE 13G	Page 3 of 13 Pages
CUSIP No. 439734104

1.	Names of reporting person SOAM Holdings, LLC
2.	Check the appropriate box if a member of a group* (a)  ¨        (b)   ¨
3.	SEC use only
4.	Citizen or place of organization     Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5.	Sole voting power
		6.	Shared voting power     419,269
		7.	Sole dispositive power
		8.	Shared dispositive power     419,269
9.	Aggregate amount beneficially owned by each reporting person     419,269
10.	Check box if the aggregate amount in Row (9) excludes certain shares*     ¨
11.	Percent of class represented by amount in Row (9)     6.05%
12.	Type of reporting person*     00

*SEE INSTRUCTIONS BEFORE FILLING OUT!

	SCHEDULE 13G	Page 4 of 13 Pages
CUSIP No. 439734104

1.	Names of reporting person Malta Partners, L.P.
2.	Check the appropriate box if a member of a group* (a)  ¨        (b)   ¨
3.	SEC use only
4.	Citizen or place of organization     Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5.	Sole voting power
		6.	Shared voting power     16,732
		7.	Sole dispositive power
		8.	Shared dispositive power     16,732
9.	Aggregate amount beneficially owned by each reporting person     16,732
10.	Check box if the aggregate amount in Row (9) excludes certain shares*     ¨
11.	Percent of class represented by amount in Row (9)     0.24%
12.	Type of reporting person*     PN

*SEE INSTRUCTIONS BEFORE FILLING OUT!

	SCHEDULE 13G	Page 5 of 13 Pages
CUSIP No. 439734104

1.	Names of reporting person Malta Hedge Fund, L.P.
2.	Check the appropriate box if a member of a group* (a)  ¨        (b)   ¨
3.	SEC use only
4.	Citizen or place of organization     Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5.	Sole voting power
		6.	Shared voting power     58,830
		7.	Sole dispositive power
		8.	Shared dispositive power     58,830
9.	Aggregate amount beneficially owned by each reporting person     58,830
10.	Check box if the aggregate amount in Row (9) excludes certain shares*     ¨
11.	Percent of class represented by amount in Row (9)     0.85%
12.	Type of reporting person*     PN

*SEE INSTRUCTIONS BEFORE FILLING OUT!

	SCHEDULE 13G	Page 6 of 13 Pages
CUSIP No. 439734104

1.	Names of reporting person Malta Hedge Fund II, L.P.
2.	Check the appropriate box if a member of a group* (a)  ¨        (b)   ¨
3.	SEC use only
4.	Citizen or place of organization     Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5.	Sole voting power
		6.	Shared voting power     343,707
		7.	Sole dispositive power
		8.	Shared dispositive power     343,707
9.	Aggregate amount beneficially owned by each reporting person     343,707
10.	Check box if the aggregate amount in Row (9) excludes certain shares*     ¨
11.	Percent of class represented by amount in Row (9)     4.96%
12.	Type of reporting person*     PN

*SEE INSTRUCTIONS BEFORE FILLING OUT!

	SCHEDULE 13G	Page 7 of 13 Pages
CUSIP No. 439734104

1.	Names of reporting person Malta Offshore, Ltd
2.	Check the appropriate box if a member of a group* (a)  ¨        (b)   ¨
3.	SEC use only
4.	Citizen or place of organization     Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5.	Sole voting power
		6.	Shared voting power     117,018
		7.	Sole dispositive power
		8.	Shared dispositive power     117,018
9.	Aggregate amount beneficially owned by each reporting person     117,018
10.	Check box if the aggregate amount in Row (9) excludes certain shares*     ¨
11.	Percent of class represented by amount in Row (9)     1.69%
12.	Type of reporting person*     CO

*SEE INSTRUCTIONS BEFORE FILLING OUT!

	SCHEDULE 13G	Page 8 of 13 Pages
CUSIP No. 439734104

1.	Names of reporting person SOAM Capital Partners, L.P.
2.	Check the appropriate box if a member of a group* (a)  ¨        (b)   ¨
3.	SEC use only
4.	Citizen or place of organization     Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5.	Sole voting power
		6.	Shared voting power     150,000
		7.	Sole dispositive power
		8.	Shared dispositive power     150,000
9.	Aggregate amount beneficially owned by each reporting person     150,000
10.	Check box if the aggregate amount in Row (9) excludes certain shares*     ¨
11.	Percent of class represented by amount in Row (9)     2.16%
12.	Type of reporting person*     CO

*SEE INSTRUCTIONS BEFORE FILLING OUT!

	SCHEDULE 13G	Page 9 of 13 Pages
CUSIP No. 439734104

1.	Names of reporting person Terry Maltese
2.	Check the appropriate box if a member of a group* (a)  ¨        (b)   ¨
3.	SEC use only
4.	Citizen or place of organization     USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5.	Sole voting power
		6.	Shared voting power     686,287
		7.	Sole dispositive power
		8.	Shared dispositive power     686,287
9.	Aggregate amount beneficially owned by each reporting person     686,287
10.	Check box if the aggregate amount in Row (9) excludes certain shares*     ¨
11.	Percent of class represented by amount in Row (9)     9.90%
12.	Type of reporting person*     IN

*SEE INSTRUCTIONS BEFORE FILLING OUT!

	SCHEDULE 13G	Page 10 of 13 Pages
CUSIP No. 439734104

Item 1	(a).	Name of Issuer:
		HopFed Bancorp, Inc.
Item 1	(b).	Address of Issuer’s Principal Executive Offices:
		4155 Lafayette Road, Hopkinsville, KY 42240
Item 2	(a).	Name of Person Filing:
		This statement is being filed by (i) Sandler O’Neill Asset Management LLC, a New York limited liability company (“SOAM”), with respect to shares of Common Stock beneficially owned by Malta Partners, L.P., a Delaware limited partnership (“MP”), Malta Hedge Fund, L.P., a Delaware limited partnership (“MHF”), Malta Hedge Fund II, L.P., a Delaware limited partnership (“MHFII”) and Malta Offshore, Ltd., a Cayman Islands company (“MO”), (ii) SOAM Holdings, LLC, a Delaware limited liability company (“Holdings”), with respect to shares of Common Stock beneficially owned by MP, MHF and MHFII, (iii) MP, with respect to shares of Common Stock beneficially owned by it, (iv) MHF, with respect to shares of Common Stock beneficially owned by it, (v) MHFII, with respect to shares of Common Stock beneficially owned by it, (vi) MO, with respect to shares of Common Stock beneficially owned by it, and (vii) Terry Maltese as Managing Member of SOAM, with respect to shares of Common Stock beneficially owned by MP, MHF, MHFII and MO; and as managing member of SOAM Ventures, LLC (“Ventures”), a Delaware limited liability company, with respect to shares of Common Stock beneficially owned by SOAM Capital Partners, L.P. (“SCP”), a Delaware limited partnership of which Ventures is the management company. The foregoing persons are hereinafter sometimes referred to collectively as the “Reporting Persons”.
Item 2	(b).	Address of Principal Business Office:
		The address of the principal offices of each of MP, MHF, MHFII, SCP, Holdings and SOAM and the business address of Mr. Maltese is Sandler O’Neill Asset Management LLC, 780 Third Avenue, 5th Floor, New York, New York 10017. The address of the principal office of MO is c/o Citi Hedge Fund Services (Cayman) Limited, Cayman Corporate Center, 27 Hospital Road, George Town, Grand Cayman, Cayman Islands, British West Indies.
Item 2	(c).	Citizenship:
		Mr. Maltese is a U.S. Citizen.
Item 2	(d).	Title of Class of Securities:
		Common Stock
Item 2	(e).	CUSIP Number:
		439734104
Item 3.	If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
		Not Applicable

	SCHEDULE 13G	Page 11 of 13 Pages
CUSIP No. 439734104

Item 4.	Ownership.
	(a) and (b) Based upon an aggregate of 6,932,751 shares of Common Stock outstanding, as determined by the Issuer’s most recently available public information, as of the close of business on June 21, 2010:
		(i)	MP beneficially owned 16,732 shares of Common Stock, constituting 0.24% of the shares outstanding.
		(ii)	MHF beneficially owned 58,830 shares of Common Stock, constituting approximately 0.85% of the shares outstanding.
		(iii)	MHFII beneficially owned 343,707 shares of Common Stock, constituting approximately 4.96% of the shares outstanding.
		(iv)	MO beneficially owned 117,018 shares of Common Stock, constituting approximately 1.69% of the shares outstanding.
		(v)	SCP beneficially owned 150,000 shares of Common Stock, constituting approximately 2.16% of the shares outstanding.
		(vi)	SOAM owned directly no shares of Common Stock. By reason of its position as management company for MP, MHF, MHFII, MO, and as an affiliate of Ventures, management company for SCP, SOAM may be deemed to beneficially own the 16,732 shares owned by MP, the 58,830 shares owned by MHF, the 343,707 shares owned by MHFII, the 117,018 shares owned by MO, and the 150,000 shares owned by SCP, or an aggregate of 686,287 shares of Common Stock, constituting approximately 9.90% of the shares outstanding.
		(vii)	Holdings owned directly no shares of Common Stock. By reason of its position as general partner of MP, MHF and MHFII, Holdings may be deemed to beneficially own the 16,732 shares owned by MP, the 58,830 shares owned by MHF, and the 343,707 shares owned by MHFII, or an aggregate of 419,269 shares of Common Stock, constituting approximately 6.05% of the shares outstanding.
		(viii)	Mr. Maltese directly owned no shares of Common Stock. By reason of his position as Managing Member of Holdings and SOAM, Mr. Maltese may be deemed to beneficially own the 16,732 shares owned by MP, the 58,830 shares owned by MHF, the 343,707 shares owned by MHFII, the 117,018 shares owned by MO, and the 150,000 shares owned by SCP, or an aggregate of 686,287 shares of Common Stock, constituting approximately 9.90% of the shares outstanding.
		(ix)	In the aggregate, the Reporting Persons beneficially own 686,287 shares of Common Stock, constituting approximately 9.90% of the shares outstanding.
	(c)	Number of shares as to which such person has:
		(i)	Sole power to vote or to direct the vote:
			No Reporting Person has sole power to vote or to direct the vote over the shares held by such Reporting Person.
		(ii)	Shared power to vote or to direct the vote:
			MP: 16,732 MHF: 58,830 MHFII: 343,707	MO: 117,018 SCP: 150,000 SOAM: 686,287	HOLDINGS: 419,269 MR. MALTESE: 686,287
		(iii)	Sole power to dispose or to direct the disposition of:
			No Reporting Person has sole power to dispose or to direct the disposition over the shares held by such Reporting Person.
		(iv)	Shared power to dispose or to direct the disposition of:
			MP: 16,732 MHF: 58,830 MHFII: 343,707	MO: 117,018 SCP: 150,000 SOAM: 686,287	HOLDINGS: 419,269 MR. MALTESE: 686,287
			Each of the Reporting Persons hereby disclaims any beneficial ownership of any Shares in excess of their actual beneficial ownership thereof.
Item 5.	Ownership of Five Percent or Less of a Class:
	Not applicable.
Item 6.	Ownership of More than Five Percent on Behalf of Another Person.
	Not applicable.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
	Not applicable.
Item 8.	Identification and Classification of Members of the Group.
	Not applicable.
Item 9.	Notice of Dissolution of Group.
	Not applicable.
Item 10.	Certification.
	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Exhibits: [Exhibit I: Joint Acquisition Statement, dated as of June 30, 2010.]

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: June 30, 2010

MALTA PARTNERS, L.P.		MALTA HEDGE FUND, L.P.
By:	SOAM Holdings, LLC, the sole general partner	By:	SOAM Holdings, LLC, the sole general partner
By:	/s/ Terry Maltese	By:	/s/ Terry Maltese
	Terry Maltese Managing Member		Terry Maltese Managing Member
MALTA OFFSHORE, LTD		MALTA HEDGE FUND II, L.P.
By:	Sandler O’Neill Asset Management LLC	By:	SOAM Holdings, LLC, the sole general partner
By:	/s/ Terry Maltese	By:	/s/ Terry Maltese
	Terry Maltese President		Terry Maltese Managing Member
SOAM CAPITAL PARTNERS, L.P.		Sandler O’Neill Asset Management LLC
By: By:	SOAM Venture Holdings /s/ Terry Maltese	By:	/s/ Terry Maltese Terry Maltese President
	Terry Maltese Managing Member
SOAM Holdings, LLC		Terry Maltese
By:	/s/ Terry Maltese	By:	/s/ Terry Maltese
	Terry Maltese Managing Member		Terry Maltese

Page 12 of 13

EXHIBIT 1

JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

Dated: June 30, 2010

MALTA PARTNERS, L.P.		MALTA HEDGE FUND, L.P.
By:	SOAM Holdings, LLC, the sole general partner	By:	SOAM Holdings, LLC, the sole general partner
By:	/s/ Terry Maltese	By:	/s/ Terry Maltese
	Terry Maltese Managing Member		Terry Maltese Managing Member
MALTA OFFSHORE, LTD		MALTA HEDGE FUND II, L.P.
By:	Sandler O’Neill Asset Management LLC	By:	SOAM Holdings, LLC, the sole general partner
By:	/s/ Terry Maltese	By:	/s/ Terry Maltese
	Terry Maltese President		Terry Maltese Managing Member
SOAM CAPITAL PARTNERS, L.P.		Sandler O’Neill Asset Management LLC
By:	SOAM Venture Holdings	By:	/s/ Terry Maltese Terry Maltese
By:	/s/ Terry Maltese		President
	Terry Maltese Managing Member
SOAM Holdings, LLC		Terry Maltese
By:	/s/ Terry Maltese	By:	/s/ Terry Maltese
	Terry Maltese Managing Member		Terry Maltese

Page 13 of 13