HMN Financial has a comeback after years of federal supervision - KXLT - Fox 47 Rochester MN News, Weather, Sports #rochmn

HMN Financial has a comeback after years of federal supervision

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 ROCHESTER, Minn. (FOX 47) -- HMN Financial, the parent company to Home Federal Bank here in southeast Minnesota, is doing much better than it had been.

Friday it was announced the company's board of directors has declared a dividend of $22.50 per share.
   
The company's president says he's happy to report the redemption of $6 million of preferred stock.
   
A while back, HMN had been operating under federal supervision because it was failing to make scheduled interest payments to the Treasury Department.






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