Alerus Financial Corporation Completes Acquisition of HMN Financial, Inc. for Strategic Expansion
Acquiring Company
Alerus Financial Corporation
Acquired Company
HMN Financial
Grand ForksRochesterFinancial ServicesFinanceLendingBankingBankingDescription
Alerus Financial Corporation, a diversified financial services company, has successfully completed the acquisition of HMN Financial, Inc., the holding company for Home Federal Savings Bank. This acquisition is aimed at achieving strategic expansion and enhancing the range of financial services offered by Alerus Financial Corporation.
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Frequently asked
Who acquired HMN Financial?
HMN Financial was acquired by Alerus Financial Corporation, based in Grand Forks. The deal was reported on October 9, 2024. Alerus Financial Corporation (Nasdaq: ALRS) is a commercial wealth bank and national retirement services provider with corporate offices in Grand Forks, North Dakota, and the Minneapolis-St. Alerus Financial Corporation is publicly traded (ALRS) and operates in Financial Services.
When did Alerus Financial Corporation acquire HMN Financial?
Alerus Financial Corporation's acquisition of HMN Financial was reported on October 9, 2024. Alerus Financial Corporation, a diversified financial services company, has successfully completed the acquisition of HMN Financial, Inc., the holding company for Home Federal Savings Bank. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does HMN Financial do?
HMN Financial, Inc. is a savings and loan holding company headquartered in Rochester, Minnesota. It is privately held, operating in Banking, and is based in Rochester.
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