The Board of Directors holds the authority to decide the declaration and amount of future cash dividends. Their decision will take into account various factors, including the company’s financial health, operational results, capital needs, and existing regulations. It is important for shareholders to keep in mind that the future dividends may vary based on the Company’s performance and strategic direction.
HMN Financial and its subsidiary, Home Federal Savings Bank, are based in Rochester, Minnesota. The bank operates a total of twelve offices throughout Minnesota and has additional locations in Iowa and Wisconsin. In addition, there is a loan origination office in La Crosse, Wisconsin, allowing the company to serve a wide range of clients in different regions.
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