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Share Name | Share Symbol | Market | Type |
---|---|---|---|
HMN Financial Inc | NASDAQ:HMNF | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -0.19% | 26.40 | 10.57 | 42.25 | 26.60 | 26.01 | 26.48 | 1,158 | 23:41:14 |
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 14)*
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
þ Rule 13d-1(b)
o Rule 13d-1(c)
o Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
1
NAMES OF REPORTING PERSONS
I.R.S. Identification Nos. of above persons (entities only).
HMN FINANCIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN
IRS ID NO. 37-1327748
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
o
(b)
þ
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
MINNESOTA
5
SOLE VOTING POWER
NUMBER OF
498,782 (1)
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
OWNED BY
296,086 (2)
EACH
7
SOLE DISPOSITIVE POWER
REPORTING
PERSON
498,782 (1)
WITH
8
SHARED DISPOSITIVE POWER
296,086 (2)
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
794,868
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
19.0%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
EP
1
NAMES OF REPORTING PERSONS
I.R.S. Identification Nos. of above persons (entities only).
FIRST BANKERS TRUST SERVICES, INC.
IRS ID NO. 37-1327748
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
o
(b)
þ
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
5
SOLE VOTING POWER
NUMBER OF
498,782 (1)
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
OWNED BY
296,086 (2)
EACH
7
SOLE DISPOSITIVE POWER
REPORTING
PERSON
498,782 (1)
WITH
8
SHARED DISPOSITIVE POWER
296,086 (2)
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
794,868
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
19.0%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
BK
(a)
Name of Issuer:
HMN FINANCIAL, INC. (the Corporation)
(b)
Address of Issuers Principal Executive Offices:
1016 Civic Center Drive NW, Rochester, MN 55901
(a)
Name of Person Filing
:
HMN Financial, Inc. Employee Stock Ownership Plan (the ESOP)
Pursuant to applicable regulations, First Bankers Trust Services, Inc. (the Trustee), the Trustee of the ESOP may also
be deemed to be a beneficial owner of the shares held by the ESOP as described below.
The Trustee also may be deemed a beneficial owner of unvested shares held in the HMN Financial, Inc. Recognition and
Retention Plan. Refer to Item 4. for more details.
(b)
Address of Principal Business Office or, if none, Residence:
The business address of the ESOP is: 1016 Civic Center Drive NW, Rochester, MN 55901
The business address of the Trustee is: 2321 Kochs Lane, Quincy, IL 62305-3566
(c)
Citizenship:
The ESOP trust was established under the laws of the state of
Minnesota.
The Trustee is a state chartered trust company incorporated under the laws of the state of Illinois.
(d)
Title of Class of Securities:
Common stock, par value $.01 per share
(e)
CUSIP Number:
40424G108
o
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
þ
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
o
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
o
Investment company registered under section 8 of the Investment Company Act
of 1940 (15 U.S.C 80a-8).
o
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
o
An employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F);
o
A parent holding company or control person in accordance with §
240.13d-1(b)(1)(ii)(G);
o
A savings associations as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813);
o
A church plan that is excluded from the definition of an investment company
under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C.
80a-3);
o
Group, in accordance with §240.13d-1(b)(1)(ii)(J).
(a)
Amount beneficially owned: The ESOP holds an aggregate of 794,868 shares (19.0% of the outstanding shares of the class)
of the Corporation and has the voting rights as described below.
(b)
Percent of class: 19.0%.
(c)
Number of shares as to which the person has:
(i)
Sole power to vote or to direct the vote 498,782.
(ii)
Shared power to vote or to direct the vote 296,086.
(iii)
Sole power to dispose or to direct the disposition of 498,782.
The ESOP has sole dispositive power for all such shares subject to the
terms of the Employee Stock Ownership Plan, which requires that participant
accounts be primarily invested in common stock of the Corporation.
First Bankers Trust Services, Inc., the Trustee of the ESOP, may be deemed
under applicable regulations to beneficially own the shares held by the
ESOP. However, the Trustee expressly disclaims beneficial ownership of the
shares held by the ESOP.
Pursuant to the terms of the ESOP, participants in the ESOP are entitled to
instruct the Trustee of the ESOP as to the voting of the shares allocated
to their accounts. The provisions of the ESOP require the Trustee to vote
the shares held by the ESOP which have not been allocated to specific
accounts (or with respect to allocated accounts for which no instructions
are timely received) on each issue with respect to which shareholders are
entitled to vote in the proportion that the participant had voted the
shares allocated to their accounts with respect to such issue. As of
December 31, 2007 a total of 296,086 shares of Corporation common stock
have been allocated to participants accounts.
The Trustee has the right to sell allocated shares held by the ESOP, the
proceeds from which are allocated to the accounts of individual
participants. The Trustee also may sell unallocated shares, to the extent
such shares are not pledged to secure borrowed funds.
(iv)
Shared power to dispose or to direct the disposition of 296,086.
Instruction:
Dissolution of a group requires a response to this item.
Not applicable.
(a)
The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired
and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or effect.
Employee Stock Ownership Plan
First Bankers Trust Services, Inc., Trustee
Attention:
Intentional misstatements or omissions of fact constitute Federal criminal violations
(See 18 U.S.C. 1001)
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