HMN Financial is a stock savings bank holding company, which was incorporated in 1994. The company owns 100 percent of Home Federal Savings Bank. Home Federal, originally chartered in 1934, is a community bank and operates retail-banking facilities in Minnesota and Iowa. The Bank has two wholly owned subsidiaries, Osterud Insurance Agency, which offers financial planning products and services, and Home Federal Holding. The company also operates Eagle Crest Capital Bank, a division of Home Federal Savings Bank, which has private banking branches in Edina and Rochester, Minn. HMN Financial has $961 million in assets and is headquartered in Rochester, Minn.
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