Wings Financial Credit Union said it plans to acquire three KleinBank branch locations, in Coon Rapids, Otsego and Plymouth.
The transaction, which requires regulatory approval, is expected to close during the second quarter. When the transaction is complete, the locations will be re-branded as Wings Financial branches, and the locations' customers will automatically be enrolled as credit union members.
Wings Financial, with assets of $4.5 billion-plus, will increase to 20 locations.
Klein, with assets of $1.8 billion, will have 18 offices after the sale.
Wings credit union will buy three Kleinbank branches
Wings, a member-owned credit union that is larger than most Minnesota commercial banks, will buy a few Klein branches
January 24, 2018 at 4:49PM
Minneapolis-based Hennepin Healthcare says it also will suspend contributions to some worker retirement plans while pausing $24 million in capital projects.
