Alerus Financial Corporation and HMN Financial, Inc. Jointly Announce Strategic Transaction [Yahoo! Finance]
HMN Financial, Inc. (HMNF)
US:NASDAQ Investor Relations:
hmnf.com
Company Research
Source: Yahoo! Finance
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. Upon completion of the Merger, the combined company will have approximately $5.5 billion in total assets, $3.7 billion in total loans an
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HMNF
News
- Tonya Burns joins Think Bank as a business advisor [Yahoo! Finance]Yahoo! Finance
- Kuehn Law Encourages CRGY, HMNF, SBOW, and SQSP Investors to Contact Law FirmPR Newswire
- Shareholder Alert: Ademi LLP investigates whether HMN Financial, Inc. has obtained a Fair Price in its Transaction with AlerusPR Newswire
- HMNF Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of HMN Financial, Inc. Is Fair to ShareholdersBusiness Wire
- ALERUS FINANCIAL CORPORATION AND HMN FINANCIAL, INC. JOINTLY ANNOUNCE STRATEGIC TRANSACTIONGlobeNewswire
HMNF
Sec Filings
- 5/17/24 - Form 425
- 5/17/24 - Form 8-K
- 5/15/24 - Form 425
- HMNF's page on the SEC website