HMN Financial, Inc. Announces Annual Meeting
January 24 2012 - 10:30PM
Business Wire
HMN Financial, Inc. (HMN or the Company) (NASDAQ:HMNF), today
announced that its annual meeting will be held at the Rochester
Golf and Country Club, located at 3100 West Country Club Road,
Rochester, Minnesota on Tuesday, April 24, 2012, at 10:00 a.m.
local time.
General Information
HMN Financial, Inc. and Home Federal Savings Bank are
headquartered in Rochester, Minnesota. The Bank operates nine full
service offices in Minnesota located in Albert Lea, Austin, Eagan,
LaCrescent, Rochester (3), Spring Valley and Winona; two full
service offices in Iowa located in Marshalltown and Toledo; one
loan origination office in Sartell, Minnesota; and two Private
Banking offices in Rochester, Minnesota. The Bank has entered into
a definitive purchase and assumption agreement with Pinnacle Bank
of Marshalltown, Iowa (“Pinnacle”) to sell substantially all of the
assets associated with the Toledo, Iowa branch of the Bank (the
“Toledo Branch”) and the assumption by Pinnacle of all deposit
liabilities of the Toledo Branch. The transaction is subject to
regulatory approval and scheduling of the required Toledo Branch
data processing conversion. Subject to the foregoing and other
customary terms and conditions, the transaction is anticipated to
be consummated in the first quarter of 2012.
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