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.
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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