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 Declares Cash Dividend on Common SharesBusiness Wire
- Alerus Financial Co. (NASDAQ: ALRS) had its price target raised by analysts at Keefe, Bruyette & Woods from $22.00 to $23.00. They now have a "market perform" rating on the stock.MarketBeat
- Alerus Financial Corporation Names Karin Taylor Chief Operating Officer [Yahoo! Finance]Yahoo! Finance
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- Alerus Financial Corporation 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
ALRS
Earnings
- 10/29/24 - Miss
ALRS
Sec Filings
- 12/19/24 - Form 8-K/A
- 12/11/24 - Form 8-K
- 12/3/24 - Form 4
- ALRS's page on the SEC website