Kasson State Bank is a Minnesota state bank with one branch location and one drive-up location in Kasson, Minnesota.
The transaction was completed on August 14, 2015 and the Bank plans to operate both of the Kasson State Bank locations as Home Federal Savings Bank locations. The Bank funded the acquisition with internally available funds.
"We are pleased to announce the acquisition of the assets of Kasson State Bank that was completed on August 14, 2015," said Brad Krehbiel, President of HMN.
"We look forward to continuing on with the long established community banking tradition of Kasson State Bank in serving the individual and business banking needs of Kasson and surrounding communities in the years to come."
