HMN Financial ( (HMNF) ) has shared an update.
The financial landscape shifted significantly on October 9, 2024, when Alerus successfully completed its merger with HMNF, dissolving HMNF’s corporate existence. Shareholders of HMNF saw their stocks converted into Alerus shares at a rate of 1.25 per share, and previously restricted HMNF stock awards became fully vested. This strategic move resulted in changes in control and leadership, with Alerus executives taking the helm. For HMNF shareholders and those tracking market dynamics, this merger represents a noteworthy transformation, signaling potential shifts in strategy and market positioning.
Find detailed analytics on HMNF stock on TipRanks’ Stock Analysis page.
