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HMN Financial, Inc.

Company Description

HMN Financial, Inc. is a stock savings bank holding company. Through its subsidiaries, it provides retail banking and loan production facilities in Minnesota and Iowa. It accepts deposits from the general public and businesses and uses such deposits to originate or purchase one-to-four family residential, commercial real estate, and multi-family mortgage loans as well as consumer, construction, and commercial business loans. The firm also invests in mortgage-backed and related securities, investment securities, and other permissible investments. The company was founded in 1994 and is headquartered in Rochester, MN. [Source: MarketWatch]

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