Mission & History
United Bank of Iowa is an independent financial services organization focusing on creating and maintaining personalized customer relationships.
OUR SHARED BELIEFS AND COMMITMENTS
Our success is dependent upon our customers. We are committed to satisfying customers needs and expectations with products and services which offer quality and value.
Our performance is determined by our employees. We are committed to offering a challenging and fulfilling environment which provides opportunities for personal enhancement.
Our foundation is our stockholders. We are committed to enhancing shareholder value through strategies positively effecting asset growth and profitability.
February, 1932: The Ida County State Bank began banking business in February of 1932. Its first statement in June of that year reported assets of $271,695.00.
April, 1961: The Ida County State Bank and the Arthur Trust and Savings Bank merged. Assets as of December 31, 1960 were $3,636,036.00 for Ida County State Bank and $2,549,557.00 for Arthur Trust and Savings Bank.
1967: The current facility in Ida Grove was built.
June 30, 1989: Purchased First Trust and Savings Bank of Galva with assets of $11,199,782.16.
June 29, 1990: Purchased Sun Savings of Fort Dodge with assets of $17,850,419.31.
February 8, 1991: Purchased American Federal of Denison with assets of $25,859,598.09.
March 5, 1993: Purchased First Federal of Ida Grove with assets of $1,019,118.44.
March 26, 1993: Purchased First Federal of Denison with assets of $9,318,054.01.
May 28, 1994: Purchased Liberty Bank and Trust of Odebolt and Kiron with assets of $15,626,344.43.
March, 1995: The Galva office of Ida County State Bank was sold to American National Bank.
January 1, 1996: Approval was granted to change our name from Ida County State Bank to United Bank of Iowa.
October 4, 1996: Purchased Farmers State Bank of Charter Oak with assets of $6,097,510.01.
July, 1998: Ground breaking to begin remodeling and addition to the Ida Grove facility.
August, 1999: Completion of addition and remodeling of Ida Grove facility.
March, 2001: United Bank of Iowa merged with United Bank of Iowa in Carroll and Churdan which had assets of $29,454,034.00.
June, 2001: Purchased Alliance Bank of Rockwell City and Lake City with assets of $62,484,967.57.
February, 2003: United Bank of Iowa was granted approval to open an office in Schleswig, Iowa.
October, 2004: United Bank of Iowa was granted approval to open an office in Harlan, Iowa.
May, 2006: Completion of new facility in Charter Oak.
September, 2006: Purchased First Bank & Trust Co. of Glidden and Lohrville with assets of $56,940,000.00.
May, 2007: United Bank of Iowa was granted approval to open an office in Storm Lake, Iowa.
April, 2008: Completion of addition of the Ida Grove facility.
August, 2008: Completion of new facility in Storm Lake.
October 1, 2010: United Bank of Iowa merged with American National Bank in Galva, Holstein, Kingsley, Moville, Pierson, Sac City which had assets of $230,000,000.00.
December, 2010: Completion of new facility in Galva.
December, 2010: Purchased Moorhead State Bank of Moorhead with assets of $23,434,435.81.
November, 2011: United Bank of Iowa was granted approval to open an office in Dunlap.
September, 2012: Completion of new facility in Dunlap.
March, 2015: Purchased Blencoe State Bank of Onawa with assets of $42,372,220.41.
May, 2015: Completion of new facility in Pierson.
October, 2015: United Bank of Iowa was granted approval to open an office in Pocahontas.
June, 2016: Completion of new facility in Pocahontas.
September, 2017: United Bank of Iowa was granted approval to open an office in Boone.
February, 2018: Completion of new facility in Glidden.
August, 2018: Purchased First Trust & Savings Bank of Aurelia, Cleghorn and Marcus with assets of $31, 636,089.15
United Bank of Iowa is wholly owned by the holding company, Ida Grove Bancshares, Inc. of Ida Grove, Iowa. United Bank of Iowa also has offices located in Arthur, Aurelia, Boone, Carroll, Charter Oak, Churdan, Cleghorn, Denison, Dunlap, Fort Dodge, Galva, Glidden, Harlan, Holstein, Kingsley, Kiron, Lake City, Lohrville, Marcus, Moorhead, Moville, Odebolt, Onawa, Pierson, Pocahontas, Rockwell City, Sac City, Schleswig, and Storm Lake.