HMN Financial, Inc. Announces Election Results and Appointment of New Board Chair
April 29 2020 - 04:53PM
HMN Financial, Inc. (HMN or the Company) (NASDAQ:HMNF) today
announced the re-election of Allen Berning, Sequoya Borgman and
Bernard Nigon as directors.
HMN also announced that its Board elected Dr.
Wendy Shannon as Board Chair. Dr. Shannon will replace Dr. Hugh
Smith, who will continue to serve on the board.
Dr. Smith has served as a director of HMN since
2009 and has served as Board Chair of HMN Financial, Inc. and Home
Federal Savings Bank since 2011. His current term expires at the
conclusion of the annual meeting of stockholders in 2021. Dr.
Shannon has served as a director of HMN since 2013. She was also
elected Chair of the Board of Home Federal Savings Bank.
In recognizing the service of Dr. Hugh Smith,
Mr. Krehbiel, President of HMN and Home Federal Savings Bank, said
“We would like to thank Hugh for his service as a director of the
Company for the past eleven years and his leadership as the Board
Chair for the past nine years. His guidance and insight have
been instrumental in helping the Company grow and continue to
thrive during his tenure.”
HMN Financial, Inc. and the Bank are
headquartered in Rochester, Minnesota. Home Federal Savings Bank
operates twelve full service offices in Minnesota located in Albert
Lea, Austin, Eagan, Kasson, La Crescent, Owatonna, Rochester (4),
Spring Valley and Winona, one full service office in Marshalltown,
Iowa, and one full service office in Pewaukee, Wisconsin. The Bank
also operates a loan origination office located in Sartell,
Minnesota.
***END**
Contact:
Bradley Krehbiel,
Principal Executive Officer
HMN Financial, Inc. (507) 252-7169
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