Mid Minnesota Federal Credit Union to acquire Unity Bank Clarissa, MN Branch
Subject to Regulatory Approval
Baxter, MN – June 25, 2026 – Mid Minnesota Federal Credit Union today announced it has entered into an agreement to acquire the Clarissa, MN branch of Unity Bank, subject to regulatory approval. The transaction is expected to be completed prior to the end of 2026.
This acquisition reflects Mid Minnesota Federal Credit Union’s continued commitment to expanding its presence and strengthening relationships in the communities it serves. “We are excited to welcome the customers and employees of Unity Bank’s Clarissa branch,” said Bob Gerads, President/CEO of Mid Minnesota Federal Credit Union. “This is an opportunity to continue building on the strong relationships already in place while bringing our member-focused approach and resources to this community.”
Commitment to Customers
Mid Minnesota Federal Credit Union emphasized that a top priority throughout the transition will be ensuring a smooth and seamless experience for customers. “We understand that banking relationships are built on trust,” said Bob Gerads, President/CEO. “Our goal is to make this transition as easy as possible while continuing to provide the personal service customers expect.” Customers of the Clarissa branch will receive additional communication outlining the transition details, including account information and any steps that may be required. Both organizations are working closely together to ensure clear and consistent communication throughout the process.
Following the completion of the transaction, Mid Minnesota Federal Credit Union will continue to operate the branch location, integrating it into its network while maintaining a strong focus on customer service and community engagement.
About Mid Minnesota Federal Credit Union
Mid Minnesota Federal Credit Union is a member-owned financial cooperative dedicated to providing financial services that support the needs of its members and communities. With a focus on relationships, accessibility, and long-term value, Mid Minnesota Federal Credit Union serves members across Becker, Cass, Crow Wing, Douglas, Morrison, Norman, Otter Tail, Todd, Aitkin and Wadena counties.
About Unity Bank
Founded in 1882 and operating in Minnesota, Montana, and Wisconsin, Unity Bank holds $587 million in assets and employs 133 people. Since opening, Unity Bank has been an integral part of the communities it serves, guided by its core philosophies.
About McQueen Financial Advisors
McQueen Financial is a nationwide financial advisory firm serving financial institutions since 1999. McQueen has advised on ~25% of all Credit Union / Credit Union Mergers nationwide, annually.
Transaction Leads
Dan Martin
Director of Transaction Advisory & Valuation
Christian Abelarde
Vice President
Jeremiah Vroman
Senior Analyst