SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
July 1, 1997
HMN FINANCIAL, INC.
(Exact name of Registrant as specified in its Charter)
DELAWARE 0-24100 41-1777397
(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification
incorporation) Number)
101 NORTH BROADWAY, SPRING VALLEY, MINNESOTA 55975
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (507) 346-7345
N/A
_________________________________________________________________
(Former name or former address, if changed since last report)
Item 5. Other Events
On July 1, 1997 the Registrant issued the press release
attached as Exhibit 99 announcing it's agreement to acquire
Marshalltown Financial Corporation. A copy of said agreement
is attached as Exhibit 2.
Item 7. Financial Statements and Exhibits
(a) Exhibits
2. Agreement and Plan of Merger
99. Press release, dated July 1, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned thereunto duly authorized.
HMN FINANCIAL, INC.
Date: July 10, 1997 By: /s/ Roger P. Weise
---------------------------
Roger P. Weise, Chairman
and Chief Executive Officer