HMN Financial, Inc.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Bradley C. Krehbiel
- Full Time Employees
- 153
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 1016 Civic Center Drive Northwest Rochester MN United States of America 55901
- IPO Date
- Jun 30, 1994
- CIK
- 0000921183
- Website
- hmnf.com
- Similar Companies
- Business
- HMN Financial, Inc. (HMNF) serves as the holding company for Home Federal Savings Bank, a federally chartered savings bank offering community-focused retail banking products and services; deposit products including savings accounts, interest-bearing checking, non-interest-bearing checking, money market accounts, individual retirement accounts, and certificates of deposit; and loan products such as single-family residential mortgages, commercial real estate and multi-family mortgages, construction loans, consumer loans encompassing home equity, automobile, recreational vehicle, mobile home, lot loans, deposit-secured loans, and other household/personal loans, as well as commercial business loans. The bank also provides financial planning services through its subsidiary Osterud Insurance Agency, Inc. and invests in mortgage-backed securities, U.S. government agency obligations, and other permissible investments. Home Federal operates 12 branches in Minnesota, one in Iowa, and one in Wisconsin, targeting businesses and consumers in these regions. Founded in 1934 and headquartered in Rochester, Minnesota, HMN Financial operates within the regional banking sector, emphasizing community banking with retail facilities and loan production offices across its footprint. In its most significant recent development, HMN Financial completed its acquisition by Alerus Financial Corporation in an all-stock transaction valued at approximately $128.8 million on October 9, 2024, marking Alerus' largest bank acquisition and expanding the combined entity's assets to about $5.5 billion, with Home Federal Savings Bank merging into Alerus Financial, National Association; the deal, initially announced in May 2024, received regulatory and stockholder approvals earlier that year, adding Rochester market presence and integrating client accounts onto Alerus systems by late 2024.
Alerus Financial Corporation Completes Acquisition of HMN Financial, Inc.
ALERUS FINANCIAL CORPORATION AND HMN FINANCIAL, INC. RECEIVE STOCKHOLDER AND REGULATORY APPROVAL TO PROCEED WITH MERGER
Alerus Financial Corporation and HMN Financial, Inc. Receive Stockholder and Regulatory Approval to Proceed With Merger
HMN FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HMN Financial, Inc. - HMNF
SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger and Upcoming Vote on September 12, 2024, of HMN Financial, Inc. – HMNF
SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of HMN Financial, Inc. - HMNF
SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of HMN Financial, Inc. – HMNF
HMN Financial, Inc. Announces Dividend
HMN Financial, Inc. Announces Second Quarter Results
Shareholder Alert: Ademi LLP investigates whether HMN Financial, Inc. has obtained a Fair Price in its Transaction with Alerus
HMNF Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of HMN Financial, Inc. Is Fair to Shareholders
Alerus Financial Corporation and HMN Financial, Inc. Jointly Announce Strategic Transaction
ALERUS FINANCIAL CORPORATION AND HMN FINANCIAL, INC. JOINTLY ANNOUNCE STRATEGIC TRANSACTION
HMN Financial, Inc. Announces Dividend
HMN FINANCIAL, INC. ANNOUNCES FIRST QUARTER RESULTS
HMN Financial, Inc. Announces Fourth Quarter Results and Declares Dividend
HMN Financial, Inc. Announces Dividend
HMN Financial, Inc. Announces Third Quarter Results
HMN Financial, Inc. Announces Dividend
HMN Financial, Inc. Announces Second Quarter Results