Alerus Financial Corporation Completes Acquisition of HMN Financial, Inc.
Alerus Financial Corporation (ALRS)
NASDAQ:AMEX Investor Relations:
investors.alerus.com
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Source: Business Wire
Transaction Expands Alerus Footprint into Rochester, MN MSA Jeffrey Bolton Joins Board of Directors GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) and its wholly owned subsidiary, Alerus Financial, National Association, (together, “Alerus”) announced today they have completed the previously announced acquisition of HMN Financial, Inc. (Nasdaq: HMNF) and its wholly owned subsidiary, Home Federal Savings Bank (together, “Home Federal”). Under the terms of the transaction, HMN Financial, Inc. merged with and into Alerus Financial Corporation, and Home Federal Savings Bank merged with and into Alerus Financial, National Association. The all-stock transaction is valued at approximately $128.8 million as of closing.Founded in 1934, Home Federal includes 12 branches in Minnesota and one branch in each of Iowa and Wisconsin. As of June 30, 2024, HMNF had, on a consolidated basis, $1.1 billion in total assets, which included approximately $876.6 million in l
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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 to Announce Third Quarter Financial Results on Tuesday, October 29 [Yahoo! Finance]Yahoo! Finance
- Alerus Financial Corporation to Announce Third Quarter Financial Results on Tuesday, October 29Business Wire
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