Monday, February 10, 2020

Wings Financial CU to Acquire Minnesota Community Bank

Wings Financial Credit Union (Apple Valley, MN) and Neighborhood National Bank (Mora, MN) announced on February 7 that the two organizations have reached an agreement for Wings Financial to acquire the bank.

The transaction, which requires approval by state and federal regulators, is expected to close during the third quarter.

Wings Financial Credit Union is the largest credit union in Minnesota with over $5.6 billion in assets.

Neighborhood National Bank has more than $216 million in assets and six branches, which are located in Mora (2 offices), North Branch, Aitkin, Brainerd and Alexandria, Minnesota.

The price tag of the deal was not disclosed.

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