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Home Federal Savings Bank completes acquisition of Deerwood Bank branch's assets

HMN Financial Inc.unit Home Federal Savings Bankclosed its agreement to acquirecertain assets and assume certain liabilities of Deerwood Bank's branch in Albert Lea, Minn.

The deal completion took effect April 8, according to an April11 news release.

Rochester, Minn.-based HMN Financial plans to service the acquiredassets and assumed liabilities out of its existing branch location at 143 West ClarkSt. in Albert Lea.

Deerwood, Minn.-based Deerwood Bank is a subsidiary of