HMN Financial, Inc.

HMN Financial, Inc.

HMN Financial, Inc.

Date Founded



1016 Civic Center Drive North West,Rochester, MN 55901

Type of Company


Employees (Worldwide)



Retail & Commercial Banking
Holding Companies
Accounting & Financial Services

Company Description

HMN Financial, Inc. is a stock savings bank holding company, which provides retail banking and loan production facilities in Minnesota, Iowa, and Wisconsin. The company's activities include generation of deposits from the general public and businesses, and using such deposits to originate or purchase single family residential, commercial real estate, multi-family mortgage loans, consumer, construction, and commercial business loans; as well as investment in mortgage-backed and related securities, United States government agency obligations, and other permissible investments. It operates through the following segments: Home Federal Savings Banks and Other. The company was founded in 1994 and is headquartered in Rochester, MN.

Contact Data
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Executives & Employees

Director, President & Chief Executive Officer of the Company & Bank

Chief Financial Officer

Chief Operating Officer & Executive Vice President of the Bank

Secretary & Head-Investor Relations

Vice President & Director of Human Resources

Vice President & Director of Communications

Vice President & Director of Retail Banking

Senior Vice President & Director of Business Banking

Director of Operations

Senior Vice President, Director-Marketing & Client Information

Board of Directors

Founding Member at Mayo Clinic Health System - Eau Claire Hospital, Inc.

Director-Hiawatha Chapter at Trout Unlimited, Inc.

Director, President & Chief Executive Officer of the Company & Bank at HMN Financial, Inc.

Former Assistant Professor at Winona State University

Founder & Chief Executive Officer at Ambient Clinical Analytics, Inc.

Director-Real Estate at Kwik Trip, Inc.

Former Director-Gamehaven Council at Boy Scouts of America

Chief Financial Officer at HMN Financial, Inc.

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Owners & Shareholders
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Castine Capital Management manages funds that are designed to achieve long-term capital appreciation through investments primarily in publicly traded equity securities of US financial institutions. The funds may utilize leverage, short positions, derivative instruments such as options, and other investment strategies.

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Tontine Associates is a core value manager that invests in the undervalued stocks of community banks and thrifts. They also invest in the stocks of US small-cap and mid-cap companies in the process industries, consumer durables, energy minerals and industrial services sectors. The firm maintains a medium turnover rate. Tontine Associates is known to engage in shareholder activism investment strategies.

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Founded in 2004, River Oaks Capital LLC is an investment advisory firm located in Wayzata, Minnesota.

Recent Transactions
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HMN Financial, Inc., Home Federal Savings Bank (Rochester, Minnesota) purchase Deerwood Bank /Albert Lea Branch from Deerwood Bancshares, Inc.

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HMN Financial, Inc., Home Federal Savings Bank (Rochester, Minnesota) purchase Kasson State Bank from Palmer Bancshares, Inc. (Minnesota)

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Pinnacle Bank (Marshalltown, Iowa) purchases Home Federal Savings Bank (Toledo, Iowa Branch) from HMN Financial, Inc.

Advisors & Consultants
Legal Advisor

Former Partner at Faegre Baker Daniels LLP

Key Stats and Financials As of 2018
Market Capitalization
Total Enterprise Value
Earnings Per Share
Net Profit
Total Equity
Three Year Compounded Annual Growth Rate Of Revenue
Five Year Compounded Annual Growth Rate Of Revenue
Total Debt
Enterprise Value Sales
TEVNet Income
Debt TEV
Iowa Finance Authority Government | Des Moines, IA

Government of the United States of America Holding Companies | Washington, DC

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Minnesota Housing Finance Agency Government | Saint Paul, MN

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