HMN Financial Inc
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Financials : Thrifts & Mortgage Finance | Small Cap Value
Company profile

HMN Financial, Inc. (HMN) is a stock savings bank holding company that owns Home Federal Savings Bank (the Bank). The Bank operates retail banking and loan production facilities in Minnesota, Iowa and Wisconsin. The Bank has two subsidiaries, Osterud Insurance Agency, Inc., which offers financial planning products and services, and HFSB Property Holdings, LLC, which acts as an intermediary for the Bank in holding and operating certain foreclosed properties. HMN's business involves attracting deposits from the general public and businesses and using such deposits to originate or purchase one- to four-family residential, commercial real estate and multi-family mortgage loans, among others. HMN invests in mortgage-backed and related securities, the United States government agency obligations and other permissible investments. HMN serves the southern Minnesota counties of Dodge, Fillmore, Freeborn, Houston, Mower, Olmsted and Winona, and portions of Steele, Goodhue and Wabasha.

Closing Price
$13.40
Day's Change
0.10 (0.75%)
Bid
--
Ask
--
B/A Size
--
Day's High
13.40
Day's Low
13.40
Volume
(Heavy Day)
Volume:
2,276

10-day average volume:
2,733
2,276

DS Smith Offers Environmentally Friendly Alternative to Plastic Foam Coolers

7:06 am ET August 3, 2020 (BusinessWire) Print

Family picnickers, backyard revelers and even road trippers just got an environmental boost. Instead of hauling plastic foam containers that increasingly are being outlawed by cities and states, there's now a cooler alternative for keeping drinks, food and products cold this outdoor season.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200803005205/en/

DS Smith, a leading packaging, paper and recycling company that puts sustainability at the core of everything it does, announced today that it has produced a 100% recyclable cooler, using its proprietary Greencoat corrugated material that's moisture-resistant and food-contact safe.

Unlike typical plastic foam coolers, Greencoat is biodegradeable, made of sustainable and renewable paper fiber that reduces waste to landfills and carbon emissions. DS Smith's Greencoat coolers offer fully customizable printing for bespoke branding.

"Our Greencoat cooler is a great example of DS Smith's innovation and sustainability focus coming together to create a solution that redefines the disposable cooler market, and offers consumers a smart, eco-friendly choice for environments where contents need to stay cold, like on the sunny summer days we all enjoy," said Melanie Galloway, vice president of Sales, Marketing and Innovation for Packaging at DS Smith North America.

Galloway added, "Polystyrene (Styrofoam) is often swept into rivers and oceans, and is one of the top items found in annual beach cleanups. Foam packaging materials break down into small indigestible pellets, which are mistaken for food by animals. That's why many more local and state governments are prohibiting their use."

DS Smith's purpose is to 'Redefine Packaging for a Changing World', and as a Strategic Partner of the Ellen MacArthur Foundation, DS Smith focuses on sustainable packaging solutions that contribute to a circular economy through design, recyclability and by keeping products in use for longer.

"DS Smith's durable Greencoat cooler is the perfect Styrofoam replacement for any outdoor occasion, and keeps food and beverages cold, is fully recyclable, leak-proof, and helps the planet, people and animals," said Galloway.

During the pandemic, DS Smith has been deemed an essential business and remained in operation, producing thousands of Greencoat boxes that companies have used to supply produce to food banks and nonprofit organizations across North and South Carolina, Georgia and Florida.

About DS Smith:

DS Smith is a leading provider of corrugated packaging worldwide, supported by recycling and papermaking operations. Headquartered in London and a member of the FTSE 100, DS Smith focuses on creating innovative sustainable packaging solutions in 34 countries employing around 30,000 people. Using the combined expertise of its divisions - including Packaging, Recycling, Paper - DS Smith works with customers to deliver solutions that reduce complexity and deliver results throughout the supply chain. Its history can be traced back to the box-making businesses started in the 1940s by the Smith family.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200803005205/en/

SOURCE: DS Smith

Mindy Myrick, Head of Corporate Affairs for North America
mindy.myrick@dssmith.com 
M +1 410-251-9570


Caroline Curran
Hill+Knowlton Strategies
caroline.curran@hkstrategies.com 
M +1 256-653-5811
comtex tracking

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