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Loan Modification

: Loan Modification & Home Loan News

Regulators rein in Rochester bank HMN

By Moe Bedard

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(Source: Star Tribune, Minneapolis) –Shares of HMN Financial Inc. plunged 6 percent Tuesday after the Rochester-based banking company revealed that it is under tighter regulatory scrutiny. The money-losing company, which owns Home Federal Savings Bank of Rochester, has agreed to reduce its problem loans, improve its profitability and obtain regulatory approval before it increases assets [...]

Full post as published by Loan Modification & Home Loan News on February 16, 2011 (boomark / email).

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