Greenbush, Minn.-based Border Bank is expanding into North Dakota through an acquisition. The $145 million Union State Bank became part of Border’s network on Dec. 7. Its sole office in Fargo brings Border’s branch total to 10.
“We welcome all Union State Bank customers and the residents of the Fargo/Moorhead region to the Border Bank family,” said David Felch president and CEO of the now $660 million Border Bank. “Our customers should be rest assured the transition will be seamless and they will continue to receive the exceptional, personalized service they expect and value.”
Founded in 1935, Border also has branches in Greenbush, Thief River Falls, Badger, Middle River, Baudette, International Falls, Roseau, Clearbrook and Coon Rapids, Minn.
Union State Bank of Fargo opened in West Acres Shopping Center in 1973.
“Our employees look forward to joining forces with Border Bank, a bank that shares our community banking mission and values,” said Kory Shae, director of business development at Union State. “This merger will result in our customers having access to additional products and services, and substantially greater access to capital for business development.”
Shae will be joining Border Bank as senior vice president and business development director after the merger is finalized.