HMN Financial, Inc. (HMNF) said that its wholly-owned subsidiary, Home Federal Savings Bank has agreed to acquire certain assets and assume certain liabilities of Kasson State Bank.
Kasson State Bank is a Minnesota state bank with two branch locations in Kasson, Minnesota.
On completion of the transaction, Home Federal plans to operate both of the Kasson State Bank locations as Home Federal Savings Bank branches. The bank plans to fund the acquisition with internally available funds and expects to complete the transaction late in the third quarter of 2015.
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