Alerus Financial Corporation and HMN Financial, Inc. Receive Stockholder and Regulatory Approval to Proceed With Merger
Alerus Financial Corporation (ALRS)
NASDAQ:AMEX Investor Relations:
investors.alerus.com
Company Research
Source: Business Wire
GRAND FORKS, N.D. & ROCHESTER, Minn.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) and its wholly owned subsidiary, Alerus Financial, National Association, (together, “Alerus”) announced today they have received all regulatory approvals necessary to complete the previously announced acquisition of HMN Financial, Inc. (Nasdaq: HMNF) and its wholly owned subsidiary, Home Federal Savings Bank (together, “Home Federal”). The merger was unanimously approved by the board of directors of each company. Stockholders of each company approved the all-stock transaction during special meetings held September 12, 2024. Alerus and Home Federal anticipate the acquisition will close early in the fourth quarter of 2024, subject to customary closing conditions.“This is an exciting time for both Alerus and Home Federal as we merge our teams and prepare to provide an enhanced financial services experience for our combined clients,” said Katie Lorenson, President and CEO at Alerus. “As
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ALRS
News
- Alerus Financial Corporation 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- Alerus Financial Co. (NASDAQ: ALRS) had its price target lowered by analysts at Piper Sandler from $24.00 to $23.00. They now have a "neutral" rating on the stock.MarketBeat
- Alerus Financial Corporation Reports Third Quarter 2024 Net Income of $5.2 MillionBusiness Wire
- Alerus Financial Corporation Completes Acquisition of HMN Financial, Inc.Business Wire
- Alerus Financial Corporation to Announce Third Quarter Financial Results on Tuesday, October 29 [Yahoo! Finance]Yahoo! Finance
ALRS
Earnings
- 10/29/24 - Miss
ALRS
Sec Filings
- 11/8/24 - Form SC
- 11/4/24 - Form 4
- 10/31/24 - Form 10-Q
- ALRS's page on the SEC website