HMN Financial, Inc.

HMN Financial, Inc. is a stock savings bank holding company, which was incorporated in Delaware in 1994. The Company owns 100 percent of Home Federal Savings Bank. Home Federal, originally chartered in 1934, has a community banking philosophy and operates retail banking and loan production facilities in Minnesota, Iowa, and Wisconsin. The Bank has two wholly owned subsidiaries, Osterud Insurance Agency, Inc. which offers financial planning products and services, and HFSB Property Holding LLC, which acts as an intermediary for the bank in holding and operating certain foreclosed properties.

Annual Meeting

HMN Financial, Inc. (HMN or the Company) (NASDAQ:HMNF) announced that to protect the health and well-being of its stockholders and employees during the coronavirus outbreak (COVID-19), the location of the Company’s upcoming Annual Meeting of Stockholders has changed and the meeting will now be an online-only event, with no live gathering at the Rochester Golf and Country Club. The meeting will still be held on Tuesday, April 28, 2020 at 10:00 a.m. local time as previously announced.

As described in the proxy materials for the annual meeting previously distributed, stockholders of record at the close of business on March 2, 2020, are the stockholders entitled to receive notice of, and to vote at, the meeting and any adjournments or postponements thereof. To access the event up to 30 minutes prior to the meeting, please visit the following web address:

https://www.web.lumiagm.com/224294069
Meeting Code: HMN2020 (case sensitive)

Stockholders will need to enter the control number found on their proxy card or voting instruction form previously distributed with the proxy materials. There will be a process available to vote online during the virtual meeting. However, stockholders are strongly encouraged to vote and submit their proxies in advance of the meeting using one of the methods described in the proxy materials. Stockholders will have the opportunity to submit questions during the virtual event using the directions on the meeting website that day.

2019 Annual Report and 2020 Proxy Statement