Blaze Acquires Luminate Bank's Claremont Branch

Blaze Credit Union (Blaze) will purchase the Luminate Bank^®—Claremont, Minnesota, branch. The branch is 29 miles west of Blaze’s newly opened Rochester location and 28 miles east of Waseca on U.S. Highway 14. The Claremont location will add access to members and potential members in southeast Minnesota. The transaction includes roughly $25 million in member deposits, 550 customers, and the physical branch location.

Luminate Bank’s Claremont branch customers will become Blaze Credit Union members/owners. Both organizations were founded in Minnesota and share a strong commitment to the communities they serve. This acquisition preserves the in-person experience Claremont bank customers value at this location while expanding access to more locations (30 in total). Customers can expect the same exceptional service they’ve enjoyed while banking with Luminate Bank after the transition to Blaze.

“We are excited about bringing the Blaze way of banking to Claremont and the surrounding area. Our mission is to better lives. This opportunity provides continued local support to Luminate Bank’s Claremont customers, our members, and our communities,” Dan Stoltz, Blaze CEO/President.

The acquisition/transfer of the Claremont location is expected to occur on or before October 9, 2026, following regulatory approval. Until approval and transfer, Luminate Bank Claremont branch customers will continue banking as usual. Once the transition is complete, the Claremont branch will remain fully operational and ready to serve the community as Blaze. The transition is limited to Luminate Bank’s Claremont branch location. It does not impact Luminate Bank’s Minneapolis location or the company’s national digital presence, which will continue to operate as normal.

"We remain deeply committed to community banking in the markets we serve and are confident that Blaze Credit Union will provide strong local support and excellent service to our Claremont customers,” states Marc Campbell, CEO of Luminate Bank.