First United Bank has been included in the 2022 Best Performing Community Banks report which was released by S&P Global Market Intelligence, according to Steve Rehovsky, CEO of First United Bank.
S&P Global Market Intelligence launched these rankings in 2011 to assess the performance of community banks and credit unions. The division ranks institutions based on returns, growth and efficiency but places a premium on the strength and risk profile of balance sheets.
In the Midwest Region category of Best Performing Community Banks with assets under $10 Billion, First United Bank was ranked 16th out of 1,848 banks. Nationally, in the category of Best Performing Community Banks with under $3 Billion in assets, First United Bank ranked 85th out of 3,782 banks.
“We are extremely pleased with these reports. As a community bank, we strive not only to provide the best service possible but to operate efficiently as well. Our customers can feel confident knowing they are banking with a company that is performing at a high level,” stated Rehovsky. “These reports are also a reflection of the hard work and dedication of the great employees that work at First United Bank.”
First United Bank, founded in 1885, has assets totaling over $675 million and offers full-service banking along with Trust and Insurance services. The bank has a long history in northeast North Dakota including locations in Park River, Adams, Michigan, Petersburg, Grafton, Hoople, Crystal, Aneta, Sharon, Cooperstown, Devils Lake, Cando, Cavalier, Fargo, Maddock and Rugby.