ALERUS FINANCIAL CORPORATION AND HMN FINANCIAL, INC. JOINTLY ANNOUNCE STRATEGIC TRANSACTION
HMN Financial, Inc. (HMNF)
US:NASDAQ Investor Relations:
hmnf.com
Company Research
Source: GlobeNewswire
GRAND FORKS, N.D. & ROCHESTER, Minn., May 15, 2024 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (“Alerus”) (Nasdaq: ALRS) and HMN Financial, Inc. (“HMNF”) (Nasdaq: HMNF) jointly announced today the signing of a definitive Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which Alerus will acquire, in an all-stock merger, HMNF, a savings and loan holding company headquartered in Rochester, Minnesota, and the parent company of Home Federal Savings Bank (“Home Federal”). Under the terms of the Merger Agreement, HMNF will merge with and into Alerus (the “Merger”) and Home Federal will merge with and into Alerus’ wholly-owned bank subsidiary, Alerus Financial, National Association, in a transaction valued at approximately $116.4 million. The Merger represents the twenty-sixth acquisition for Alerus since 2000 as part of its long-term plan to continually expand its business segments, including banking, wealth services, and retirement and benefits plans and services. U
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HMNF
News
- HMN Financial (NASDAQ:HMNF) shareholders have earned a 42% return over the last year [Yahoo! Finance]Yahoo! Finance
- ALERUS FINANCIAL CORPORATION AND HMN FINANCIAL, INC. RECEIVE STOCKHOLDER AND REGULATORY APPROVAL TO PROCEED WITH MERGERGlobeNewswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DRQ, HMNF, AGR on Behalf of ShareholdersPR Newswire
- 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. - HMNFBusiness Wire
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger and Upcoming Vote on September 12, 2024, of HMN Financial, Inc. – HMNFGlobeNewswire
HMNF
Sec Filings
- 9/26/24 - Form 8-K
- 9/13/24 - Form 8-K
- 9/3/24 - Form 425
- HMNF's page on the SEC website