First United Bank To Aquire First State Bank Of Cando

First Holding Company of Park River, the parent company of First United Bank, has announced the signing of a stock purchase agreement to acquire First State Bank of Cando. Operations will continue independently for a period of time, after which the two banks will merge.

“Joining First United Bank marks an exciting new chapter for us. The alignment of our values, especially our dedication to local decision making and community-centered service, make this a very positive step,” said Brad Miller, President and CEO of First State Bank of Cando. “Our customers, employees and community will all benefit. First United Bank’s deep focus on agriculture, small business and helping families build financial stability aligns perfectly with our mission. Our customers will also benefit from increased lending capacity and a larger network of locations.” 

Steve Rehovsky, President of First United Bank stated, “We are excited to welcome the employees and customers of First State Bank of Cando to the First United “family.” Our goal is to continue delivering the products and services their customers value, while bringing together our combined strengths to create an even stronger organization.”

“First State Bank of Cando has a long-standing history in Cando and has been involved in supporting many community events and projects. First United Bank shares those same values so the commitment to the growth and success of the community will not change,” stated Miller. “Additionally, our customers will now have access to First United Bank’s full-service Trust Department, providing expanded options for wealth management, estate planning and long-term financial guidance.”

First United Bank is headquartered in Park River, ND and has locations in Adams, Aneta, Cando, Cavalier, Cooperstown, Crystal, Devils Lake, Fargo, Grafton, Hoople, Maddock, Michigan, Petersburg, Rugby, and Sharon.

The acquisition requires regulatory and shareholder approval. Pending such approvals, the transaction is set to close in the first quarter of 2026. First United Bank currently has a location in Cando. After the approval, all employees will be located in the current First State Bank of Cando building.