Krehbiel continued, “We have a positive working relationship with our regulators and continue to take all necessary steps to comply fully with their recommendations and requirements. As part of our supervisory agreement, we will submit a capital plan to the OTS by May 31, 2011. Additionally, the Bank will continue to serve its consumer and business customer base with the financial products and services they need, and our service will not be impacted in any way.”About HMN HMN Financial, Inc. and Home Federal Savings Bank are headquartered in Rochester, Minnesota. The Bank operates ten full service offices in southern Minnesota located in Albert Lea, Austin, Eagan, LaCrescent, Rochester, Spring Valley and Winona and two full service offices in Iowa located in Marshalltown and Toledo. Home Federal Private Banking operates branches in Edina and Rochester, Minnesota. Home Federal Savings Bank also operates a loan origination office in Sartell, Minnesota. Safe Harbor Statement This press release may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These statements are often identified by such forward-looking terminology as “expect,” “intent,” “look,” “believe,” “anticipate,” “estimate,” “project,” “seek,” “may,” “will,” “would,” “could,” “should,” “trend,” “target,” and “goal” or similar statements or variations of such terms. A number of factors could cause actual results to differ materially from the Company’s assumptions and expectations. These include but are not limited to decisions of the OTS with respect to the nature and degree of supervisory oversight to impose on the Company and the Bank as well as the Company’s and the Bank’s ability to comply with the terms and conditions of the supervisory agreements, possible legislative and regulatory changes and adverse economic, business and competitive developments; reduced collateral values; deposit outflows; reduced demand for financial services and loan products; changes in accounting policies and guidelines, or monetary and fiscal policies of the federal government or tax laws; international economic developments, changes in credit or other risks posed by the Company’s loan and investment portfolios; technological, computer-related or operational difficulties; adverse changes in securities markets; results of litigation or other significant uncertainties. All forward-looking statements are qualified by, and should be considered in conjunction with, such cautionary statements. All forward-looking statements included in this press release are based upon information available to the Company as of the date hereof, and the Company assumes no obligation to update or revise any such forward-looking statements. For additional discussion of the risks and uncertainties generally applicable to the Company, see the “Risk Factors” sections of the Company’s Form 10-K for the fiscal year ended December 31, 2009 and the Forms 10-Q for the quarters ended March 31, 2010, June 30, 2010 and September 30, 2010.