Holding company for Home Federal Savings Bank, offering banking and financial services in Minnesota and Iowa.
HMN Financial, Inc. serves as a pivotal bank holding company overseeing the operations of Home Federal Savings Bank, which caters to a diverse array of retail banking needs across Minnesota, Wisconsin, and Iowa. Established in 1934 and headquartered in Rochester, Minnesota, HMN Financial offers a comprehensive suite of financial products and services tailored to both individual and business clients.
The company's core offerings include various deposit accounts such as savings, interest-bearing checking, non-interest-bearing checking, money market, and certificate accounts. These deposit products are complemented by a robust portfolio of loan options, ranging from single-family residential mortgages to commercial real estate and multi-family mortgage loans. HMN Financial also provides consumer loans including home equity, automobile, recreational vehicle, and mobile home loans, alongside commercial business loans tailored to support local enterprises.
In addition to its lending and deposit services, HMN Financial offers financial planning products and services aimed at helping clients achieve their long-term financial goals. The company strategically invests in mortgage-backed securities, U.S. government agency obligations, and other permissible investments to optimize returns and enhance shareholder value. With a network comprising 14 full-service branches and two loan origination offices, HMN Financial prides itself on delivering personalized banking solutions backed by local expertise and a commitment to community banking principles.