Alerus financial corporation completes acquisition of hmn financial, inc.

Grand forks, n.d.--(business wire)--alerus financial corporation (nasdaq: alrs) and its wholly owned subsidiary, alerus financial, national association, (together, “alerus”) announced today they have completed the previously announced acquisition of hmn financial, inc. (nasdaq: hmnf) and its wholly owned subsidiary, home federal savings bank (together, “home federal”). under the terms of the transaction, hmn financial, inc. merged with and into alerus financial corporation, and home federal sav.
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