Redwood Financial, Inc. is the financial holding company of HomeTown Bank (the Bank), a state-chartered bank. The Bank, operating in eleven facilities, provides a variety of financial services to the areas of south central and southwestern Minnesota, as well as the south metropolitan area, including mortgage, commercial, agricultural and consumer lending products and various deposits and savings plans. It also conducts business as Hometown Insurance, Inc. (the Agency). The Agency offers property, casualty, crop insurance, and health/life insurance in eleven facilities throughout south central and southwestern Minnesota, and the south metropolitan area. It also conducts business as Hometown Solutions, Inc, which is a finder business connecting growers with suppliers, allowing growers to have access to products from sellers in the agricultural industry. It also owns Redwood Financial Statutory Trust I (the Trust). The Trust issued preferred trust securities to independent entities.