Rochester, Minnesota, bank and North Dakota bank to merge in $116.4M deal – INFORUM
ROCHESTER — Home Federal Savings Bank, a 90-year-old Rochester financial institution, announced Wednesday that it will merge with Aleras Financial Corporation of Grand Forks, North Dakota, in a deal valued at approximately $116.4 million. Home Federal’s parent company, HMN Financial, Inc., signed an agreement for the bank to merge with Aleras. Founded in 1934, Home […]