NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of HMN Financial, Inc. (NasdaqGM: HMNF) to Alerus Financial Corporation (NasdaqCM: ALRS). Under the terms of the proposed transaction, shareholders of HMN will receive 1.25 shares of Alerus for each share of HMN that...
ROCHESTER, Minn., July 24, 2024 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF) today announced that its Board of Directors has declared a quarterly dividend of $0.10 per share of common stock, payable on September 9, 2024 to stockholders of record at the close of business on August 16, 2024. The declaration and amount of any future cash dividends remains subject to t...
Second Quarter Summary Net income of $1.0 million, down $0.4 million, from $1.4 million for second quarter of 2023 Diluted earnings per share of $0.22, down $0.10, from $0.32 for second quarter of 2023 Net interest income of $7.5 million, down $0.2 million, from $7.7 million for second quarter of 2023 Gain on sales of loans of $0.6 million, up $0.3 million, from $0.3 million for second quarter ...
MILWAUKEE , May 15, 2024 /PRNewswire/ -- Ademi LLP is investigating HMN Financial (Nasdaq: HMNF) for possible breaches of fiduciary duty and other violations of law in its transaction with Alerus. Click here to learn how to join the https://www.ademilaw.com/case/hmn-financial-inc or call Guri Ademi toll-free at 866-264-3995.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of HMN Financial, Inc. (NASDAQ: HMNF) to Alerus Financial Corporation for 1.25 shares of Alerus common stock for each share of HMN common stock is fair to HMN shareholders. Halper Sadeh encourages HMN shareholders to click here to learn more about their legal rights and options or contact...
GRAND FORKS, N.D. & ROCHESTER, Minn.--(BUSINESS WIRE)--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, M...
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...
ROCHESTER, Minn., April 24, 2024 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF) today announced that its Board of Directors has declared a quarterly dividend of $0.10 per share of common stock, payable on June 7, 2024 to stockholders of record at the close of business on May 17, 2024. The declaration and amount of any future cash dividends remains subject to the sole...
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