HMN Financial, Inc. Announces Dividend, Election Results, and Election of New Board Member
27 Abril 2022 - 4:45PM
HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF) today
announced that its Board of Directors has declared a quarterly
dividend of $0.06 per share of common stock, payable on June 7,
2022 to stockholders of record at the close of business on May 17,
2022. The declaration and amount of any future cash dividends
remains subject to the sole discretion of the Board of Directors
and will depend upon many factors, including the Company’s results
of operations, financial condition, capital requirements,
regulatory and contractual restrictions, business strategy and
other factors deemed relevant by the Board of Directors.
HMN also announced the re-election of Wendy S.
Shannon, currently the Chair of the Board, and Hans K. Zietlow as
directors at its annual meeting of stockholders held on April 26,
2022. After the conclusion of the meeting, HMN’s Board of Directors
also elected Jeffrey W. Bolton to fill a vacancy on the board.
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, business development and talent recruitment. He also
has a solid understanding of the major markets we serve. We are
very fortunate Jeff has agreed to join our Board,” said Brad
Krehbiel, President, and Chief Executive Officer of HMN Financial
and its subsidiary, Home Federal Savings Bank.
General Information
HMN and Home Federal Savings Bank (the Bank) are
headquartered in Rochester, Minnesota. The Bank operates twelve
full service offices in Minnesota located in Albert Lea, Austin,
Eagan, Kasson, La Crescent, Owatonna, Rochester (4), Spring Valley
and Winona, one full service office in Marshalltown, Iowa, and one
full service office in Pewaukee, Wisconsin. The Bank also operates
two loan origination offices located in Sartell, Minnesota and La
Crosse, Wisconsin.
***END**
Contact:
Bradley Krehbiel,
Principal Executive Officer
HMN Financial, Inc. (507) 252-7169
HMN Financial (NASDAQ:HMNF)
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