HMN Financial, Inc.

(NASDAQ GM: HMNF)

Rigrodsky Law, P.A. is investigating HMN Financial, Inc. (“HMN”) regarding possible breaches of fiduciary duties and other violations of law related to HMN’s agreement to be acquired by Alerus Financial Corporation (“Alerus”). Under the terms of the agreement, HMN shareholders will receive 1.25 shares of Alerus common stock for each share of HMN common stock owned.

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Number of Shares Purchased

Date(s) Shares Purchased

Purchase Price Per Share

Number of Shares Sold

Date(s) Shares Sold

Sale Price Per Share

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Date of signing: 07/27/2024

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