Corporate Profile for HMN Financial, dated September 24, 1999.

Business Editors

--(BUSINESS WIRE)

The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-

Published Date:   September 24, 1999

Company Name:     HMN Financial, Inc.

Address:          101 North Broadway
                  Spring Valley, MN 55975

Main Telephone
 Number:          507-346-1100

Internet Home
 Page Address
  (URL)           N/A

Chief Executive
 Officer:         Roger P. Weise

Chief Financial
 Officer:         James B. Gardner

Investor Relations
 Contact:         James B. Gardner
 Business number: 507-346-1100
 E-mail address:  N/A

Public Relations
 Contact:         N/A
 Business number: N/A
 E-mail address:  N/A

Industry:         Banking

Trading Symbol/
 Exchange:        HMNF/Nasdaq

Market Makers:    N/A

Company description: HMN Financial, Inc. (HMN) is a stock savings bank holding company which owns 100 percent of Home Federal Savings Bank (the Bank or Home Federal). Home Federal has a community banking philosophy and operates retail banking facilities in Minnesota and Iowa. The Bank has one wholly owned subsidiary, Osterud Insurance Agency, Inc. (OAI), which offers financial planning products and services. HMN has two other wholly owned subsidiaries, Security Finance Corporation (SFC) and HMN Mortgage Services, Inc. (MSI). SFC invests in commercial loans and commercial real estate loans located throughout the United States which were originated by third parties. MSI operates mortgage banking and mortgage brokerage facilities located in Brooklyn Park, Minnesota.