HMN FINANCIAL INVESTOR ALERT FROM FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC is investigating the appropriateness of price and process in the proposed sale of HMN Financial, Inc.

NEW ORLEANS, May 16, 2024 /PRNewswire/ — Former Louisiana Attorney General Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of HMN Financial, Inc. (NasdaqGM: HMNF) to Alerus Financial Corporation (NasdaqCM: ALRS). Under the terms of the proposed transaction, HMN shareholders will receive 1.25 shares of Alerus for each share of HMN they own. KSF wants to determine whether this consideration and the process that led to it are appropriate or whether the consideration undervalues ​​the company.

If you believe that this transaction undervalues ​​the Company and/or if you would like to discuss your legal rights in relation to the proposed sale, you may email or contact the managing partner of KSF Lewis at no obligation or cost to you Call S. Kahn ((email protected)) anytime toll-free at 855-768-1857 or visit https://www.ksfcounsel.com/cases/nasdaqgm-hmnf/ to learn more.

To learn more about KSF, whose partners include the former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC
1100 Poydras St., Suite 960
New Orleans, LA 70163

SOURCE Kahn Swick & Foti, LLC