HMN Financial, Inc. (HMN) is a stock savings bank holding company that wholly owns Home Federal Savings Bank (the Bank). The Bank operates retail banking and loan production facilities in Minnesota and Iowa. The Bank has one wholly owned subsidiary, Osterud Insurance Agency, Inc., which offers financial planning products and services. HMN has another wholly owned subsidiary, Security Finance Corporation, which acts as an intermediary for the Bank in transacting like kind property exchanges for customers. The company serves the southern Minnesota counties of Fillmore, Freeborn, Houston, Mower, Olmsted, and Winona, as well as the portions of Steele, Dodge, Goodhue, and Wabasha through its corporate office located in Rochester, Minnesota; and its nine branch offices located in Albert Lea, Austin, LaCrescent, Rochester, Spring Valley, and Winona, Minnesota. HMN Financial also serves the Iowa counties of Marshall and Tama through its branch offices located in Marshalltown and Toledo. The company was founded in 1933 and is based in Rochester, Minnesota.

 

In November HMN Financial announced that it would participate in the Treasury Department’s Capital Purchase Program. Under the program the company received $26 million in exchange for preferred stock.. 


Resources

Bank Bio Chart | Financial Documents | Federal contracts

Lobbying reports | Political Contributions | Related Articles
 


  

Bailout Bank Bio: HMN Financial (Home Federal Savings Bank)

 

Federal Equity Investment

$26 million

Total Revenue

$73.5 million (2008)
$85.1 million (2007)

Net Income

-$10.1 million (2008)
$11.3 million (2007)

Number of Employees

202

Corporate Headquarters

Rochester, Minnesota

Business Sector

Bank

Officers and Directors


McNeil, Michael, President, Chief Executive Officer, Director of the Company and the Bank
Geisler, Timothy, Chairman of the Board

Other Officers and Directors
 

Corporate Website

http://www.justcallhome.com/hmn-financial.ph

Executive Compensation

HMN Financial

  

►Financial Documents

3-31-09 HMN 10-Q

2008-12-19 HMN Financial 8K

2008-09-30 HMN Financial 10Q

2008 HMN 10-K

2008 HMN Financial Proxy

2007 HMN Financial Annual Report

2007 HMN Financial 10K

 

Federal contracts

No federal contracts located.
 

RELATED ARTICLE
BWAF Podcast — Ep. 66: Who Pays When Disaster Strikes

Lobbying reports (if any)

Fourth Quarter 2008

No lobbying reports located.
 

 

RELATED ARTICLE
Congress Kicks the Tires on a Fiscal Commission

Political Contributions

No political contributions located.
 

 

 

Related Articles

No related articles located.

  

Last Updated May 28, 2009

Share This Story!

Related Posts