Park River, N.D.-based First United Bank is expanding in the state by acquiring First State Bank of Cando..The deal is expected to close in the first quarter of this year. As of Sept. 30, First United Bank had $718 million in assets, $600 million in deposits and branches in 15 cities in North Dakota. The price of the deal has not been disclosed. First United is a subsidiary of First Holding Company of Park River. “Our customers, employees and community will all benefit,” said Brad Miller, president and CEO of First State Bank of Cando. “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.”
