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Rochester s Home Federal Savings Bank to merge with North Dakota bank in $116 4M deal

Rochester s Home Federal Savings Bank to merge with North Dakota bank in $116 4M deal
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Rochester, Minnesota, bank and North Dakota bank to merge in $116 4M deal

Rochester, Minnesota, bank and North Dakota bank to merge in $116 4M deal
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Alerus Financial Corp to acquire Rochester-based bank in $116 4 million deal

Alerus Financial Corp to acquire Rochester-based bank in $116 4 million deal
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HMN Financial, Inc Elects New Board Member

Rochester, MN • On April 26th, 2022, HMN Financial, Inc.’s Board of Directors elected Jeffrey W. Bolton to its board, filling a vacancy that arose earlier this year. Mr. Bolton served as Chief Administrative Officer for Mayo Clinic from 2013 and as a member of the Mayo Clinic Board of Governors from 2011 until his retirement from both positions in November 2021. He joined Mayo Clinic in 2002 as its Chief Financial Officer. Previously, he held various finance-related positions at Carnegie Mellon University, including Chief Financial Officer and Vice President of business and planning. He currently serves on the boards of Resoundant, Inc., M. Lee Pearce Foundation and on the board of regents of St. Olaf College. He has previously served on the Mayo Clinic Board of Trustees, and the boards of Vizient, Inc., and Destination Medical Center Economic Development Agency. “Jeff Bolton brings a wealth of experience to our organization in terms of financial management, regulatory compliance

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