Alerus Financial Corporation and its wholly owned subsidiary, Alerus Financial, National Association, announced they have completed the previously announced acquisition of HMN Financial, Inc. and its wholly owned subsidiary, Home Federal Savings Bank (together, “Home Federal”). Under the terms of the transaction, HMN Financial, Inc. merged with and into Alerus Financial Corporation, and Home Federal Savings Bank merged with and into Alerus Financial, National Association. The all-stock transaction is valued at approximately $128.8 million as...

Oregon Pacific Bank is pleased to announce the appointment of Lance Rudge as Executive Vice President and Chief Operating Officer (COO), marking a significant milestone in the Bank’s continued growth and strategic expansion. Rudge brings over two decades of leadership and operational expertise in the banking industry, positioning the bank for future success as it scales to meet the evolving needs of its clients and communities. Ron Green, President and CEO of Oregon Pacific Bank,...

CoreFirst Bank & Trust Selects NCR Atleos to Expand Financial Access for Customers

Aidium, the leading CRM and data platform for mortgage lenders, is excited to announce the appointment of Tony Farnsworth as Vice President of Sales. Farnsworth, an industry veteran with over a decade of sales leadership experience in FinTech, will drive Aidium’s sales strategy and support the company’s ambitious growth plans. Farnsworth brings extensive expertise in scaling sales organizations and developing high-performing teams. Before Aidium, Farnsworth served as Sr. Director of Business Development at Matic, an insurtech leader...

Appli’s industry-first AI-powered lending tool personalizes the borrowing experience, boosting confidence and conversions

PennyMac Financial Services, Inc. and PennyMac Mortgage Investment Trust announced that William Chang is stepping down from his positions as Senior Managing Director and Chief Capital Markets Officer for PFSI and Senior Managing Director and Chief Investment Officer for PMT, in order to pursue other interests in the mortgage banking industry. In April of last year Pennymac hired industry veteran Mark Elbaum to leverage the platform it built to drive additional value for the company...

Funding to support expansion of sales, marketing and product innovation in key market segments