Two of the Red River Valley’s most respected financial institutions are joining forces. United Valley Bank has agreed to acquire Northern Sky Bank in Crookston, Minnesota, pending regulatory approval.
Northern Sky Bank has served the Crookston area since 1916, operating as a community bank with a focus on reinvesting in local houses, businesses, schools and civic projects. It will continue to be known as Northern Sky Bank and its staff will remain intact.
United Valley Bank is one of the fastest-growing banks in northeastern North Dakota and northwestern Minnesota. A venerable institution in its own right, it has been helping families, farmers and businesses in the upper Red River Valley since it opened in 1905. United Valley Bank has locations in Cavalier and Grand Forks, North Dakota, as well as Argyle, Hallock, Lancaster, Mahnomen and Twin Valley in Minnesota.
“We have an incredible team here at Northern Sky Bank, and I could not be prouder that we get to continue our service to the wonderful folks here in the community of Crookston,” says James B. Ingeman, President of Northern Sky Bank. “Our staff here in Crookston will remain the same, I will serve on the board of directors at United Valley Bank and our commitment to local decision making is going to be stronger than ever.”
At United Valley Bank, CEO and President Tim Siegle is very much on the same page. “This combination is simply a perfect fit,” he says about the deal. “Our cultures are similar, and our business philosophies will accentuate each other’s strengths. While customers of Northern Sky Bank won’t notice many changes, everyone who works with United Valley Bank will see the benefits of this addition to our family.”
United Valley Bank: Member FDIC. Equal Housing Lender.
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