First United Bank of Park River is pleased to announce the merger of Ramsey National Bank and First United Bank effective September 12, 2022. First Holding Company, which is the parent company of First United Bank, purchased Ramsey National Bank in January of 2021. Now with the completion of the merger, the most significant change customers will notice is the changing of the name from Ramsey National Bank to First United Bank.
“This is an exciting time for First United Bank!” stated Steve Rehovsky, President of First United Bank. “We are bringing together two high-performing banks with very similar and strong cultures and business models. As a combined bank with assets in excess of $600 million, we will be even stronger and will be able to provide a larger scale of products and services to our customers.”
“Ramsey is very pleased to join an organization that is so similar to ours and where customer service will remain a top priority,” stated Scott Thompson, President – Devils Lake and Chief Credit Offer.
First United Bank is committed to serving agriculture and small business as well as helping individuals in the communities they serve with local decision making as a priority. “Customers will continue to receive personalized customer service from the same friendly staff at all our locations,” stated Rehovsky. “First United Bank will also continue the Ramsey tradition of being great community partners and supporting local events.”
First United Bank, founded in 1885 with headquarters in Park River, ND, is a strong financial institution with a long history in northeast North Dakota including locations in Park River, Adams, Michigan, Petersburg, Grafton, Hoople, Crystal, Aneta, Sharon and Cooperstown. The Ramsey locations of Devils Lake, Cando, Cavalier, Fargo, Maddock and Rugby will only enhance First United Bank’s footprint.
The combined bank’s Board of Directors will include: Steve Rehovsky, Scott Thompson, Doug Mohr, Sarah Burdick, R. Craig Dahl, Jim Vasichek, Donald Oppegard, Terry Kinneberg and Scott Hills.