First National Bank-Deerwood: HMN Enters Into Agreement to Acquire Assets of Deerwood Bank's Albert Lea, Minnesota Branch

HMN Financial, Inc. ("HMN" or the "Company") (NASDAQ: HMNF) today announced that its wholly owned subsidiary, Home Federal Savings Bank (the "Bank"), has entered into an agreement to acquire certain assets and assume certain liabilities of Deerwood Bank, a state bank chartered under the laws of Minnesota ("Deerwood"), located at Deerwood's Albert Lea, Minnesota branch. Once completed, the Bank plans to service the acquired assets and assumed liabilities out of the Bank's ...Full story available on Benzinga.com