BRIEF-Alerus Financial Corporation And HMN Financial, Inc. Jointly Announce Strategic Transaction-March 2024-www.financetom.com

BRIEF-Alerus Financial Corporation And HMN Financial, Inc. Jointly Announce Strategic Transaction

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BRIEF-Alerus Financial Corporation And HMN Financial, Inc. Jointly Announce Strategic Transaction

May 15, 2024 6:07 AM

May 15 (Reuters) - Alerus Financial Corp ( ALRS ):

* ALERUS FINANCIAL CORPORATION AND HMN FINANCIAL, INC.

JOINTLY

ANNOUNCE STRATEGIC TRANSACTION

* HMN FINANCIAL INC ( HMNF ): TRANSACTION VALUED AT APPROXIMATELY

$116.4

MILLION

* HMN FINANCIAL INC ( HMNF ): HMNF WILL MERGE WITH AND INTO ALERUS

* HMN FINANCIAL INC ( HMNF ): HOME FEDERAL WILL MERGE WITH AND INTO

ALERUS'

WHOLLY-OWNED BANK SUBSIDIARY, ALERUS FINANCIAL ( ALRS ), NATIONAL

ASSOCIATION

* HMN FINANCIAL INC ( HMNF ): PROPOSED DEAL FOR $25.86 PER SHARE

Source text for Eikon:

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