On January 23, 2009, HMN Financial, Inc. (the "Company") issued a press release that included financial information for its quarter and year ended December 31, 2008. A copy of the press release is attached as Exhibit 99 to this Form 8-K and incorporated by reference into this Item 2.02. The information included in the press release is to be considered filed under the Securities Exchange Act of 1934, as amended.

(c) Exhibits (the following exhibit is deemed filed under the Securities Exchange Act of 1934, as amended.)

           Exhibit             Description
            Number

              99               Press release dated January 23, 2009