SCHEDULE 14A
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by a registrant / /
Filed by a party other than the registrant /x/
Check the appropriate box:
/ / Preliminary proxy statement. / / Confidential, for use of the
Commission only (as permitted
By Rule 14a-6(e)(2)).
/ / Definitive proxy statement.
/ / Definitive additional materials.
/x/ Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12.
HMN FINANCIAL, INC.
(Name of Registrant as Specified in Its Charter)
LASALLE FINANCIAL PARTNERS, L.P.
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of filing fee (check the appropriate box):
/x/ No fee required.
/ / Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-
11.
(1) Title of each class of securities to which transaction
applies:
(2) Aggregate number of securities to which transaction
applies:
(3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act 0-11.
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
/ / Fee paid previously with preliminary materials
/ / Check box if any part of the fee as provided by Exchange Act Rule 0-
11(a)(2) and identify for which the offsetting fee was paid previously.
Identify the previous filing by registration statement number, or the form
or schedule and the date of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration No.:
(3) Filing Party:
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LaSalle Financial Partners, L.P.
259 E. Michigan Avenue - Kalamazoo, Michigan 49007 - TEL: (616) 344-4993
Materials in Opposition
to Management and the Board of Directors of
HMN Financial, Inc.
Re: Annual Meeting of Shareholders -- April 28, 1998
March 5, 1998
Dear Fellow Shareholder:
LaSalle Financial Partners is the owner of 9.7% of HMN Financial. We
wanted to let you know that LaSalle Financial, together with Richard J.
Nelson and Peter T. Kross (the Presidents of the general partners of
LaSalle Financial) as well as Thomas A. Burton, intend to file proxy
materials with the Securities and Exchange Commission concerning HMN
Financial's upcoming annual meeting. We intend to use those materials to
solicit proxies to elect Thomas A. Burton as a director of HMN Financial.
It is possible you may receive an annual report, proxy statement and proxy
card from HMN Financial's management and Board before our materials
arrive, and you will be asked to return the company's proxy card.
We encourage you not to vote your shares until you receive and review our
proxy materials.
Thank you for your cooperation.
Sincerely,
Richard J. Nelson Peter T. Kross
President President
LaSalle Capital Management, Inc. Talman Financial, Inc.
<PAGE>
Since you hold your shares through a brokerage firm or bank, your
proxy materials will be forwarded directly to you by your bank or
brokerage firm.
To help us communicate with you, we would appreciate it if you would
take a few minutes to fill out the information requested below.
At your request, we would also be pleased to forward copies of our
materials to your personal stock broker or financial advisor.
Thank you for your time and cooperation.
Shareholder Information
Name: ____________________________________________________________
Address: ____________________________________________________________
City: __________________________ State: _______ Zip: ____________
Phone: ___________________________ Fax: ________________________
I hold my HMN Financial
shares through: __________________________________
(Name of Brokerage Firm or Bank)
Number of shares owned: __________________________________
Stock Broker or Financial Advisor Information
Name: ____________________________________________________________
Firm: ____________________________________________________________
Address: ____________________________________________________________
City: __________________________ State: _______ Zip: ____________
Phone: ___________________________ Fax: ________________________
Please return this form to our attention at the address indicated above.
If you prefer, you may fax it to our offices at (616) 344-4994.
