Alerus Financial (ALRS) announces an all-stock deal to acquire HMN Financial for $116.4 million. The transaction will be accretive to its earnings next year.
GRAND FORKS, N.D. & ROCHESTER, Minn., May 15, 2024--Alerus Financial Corporation ("Alerus") (Nasdaq: ALRS) and HMN Financial, Inc. ("HMNF") (Nasdaq: HMNF) jointly announced today the signing of a definitive Agreement and Plan of Merger (the "Merger Agreement") pursuant to which Alerus will acquire, in an all-stock merger, HMNF, a savings and loan holding company headquartered in Rochester, Minnesota, and the parent company of Home Federal Savings Bank ("Home Federal"). Under the terms of the Mer
HMN Financial, Inc. ( NASDAQ:HMNF ) stock is about to trade ex-dividend in 4 days. The ex-dividend date is usually set...