About United Valley Bank
United Valley Bank was founded in 1905 in Cavalier, North Dakota, 29 years after the town was established. The original name was Merchants and Farmers Bank of Cavalier. Pembina County Judge Robert McBride was the organizer and first president of the bank.
Through the years, the bank became a national bank; it was later purchased by First Bank System and returned to its state charter in 1937. In 1974, the bank was renamed First State Bank of Cavalier. In 1987, the bank was brought back to local ownership when the local board of directors purchased it from First Bank System.
In 1998, United Valley Bank opened its Columbia Road branch in Grand Forks, North Dakota. A downtown Grand Forks branch was opened in 2003.
Argyle State Bank was opened June 1, 1936 by A.W. (Arvid) Carlson and A.L. (Tony) Carlson. Argyle businessmen and area farmers worked with the Carlsons to establish Argyle’s new bank. The first Board of Directors consisted of Arvid Carlson, A.L. Carlson, C.G. Moline, E.I. Amundgaard and Joe Coninx. Arvid Carlson was the first president of the bank. Argyle State Bank continued to grow and serve the Argyle community under the ownership of the Carlson family until 2004, when it was sold to United Valley Bank.
Humboldt State Bank originated twelve miles north of Hallock, Minnesota. In 1943, the charter moved to Hallock, and the bank’s name was changed to Northwestern State Bank. In 2002, the bank was sold, and the name was changed to Marshall State Bank NA in 2003. In January of 2010, the Hallock location was purchased by United Valley Bank.
In the late 1970s, Minnesota began branch banking. It was at that time that Northwestern State Bank in Hallock, Minnesota, opened a branch in Lancaster, Minnesota. The Lancaster location became a branch of Marshall State Bank NA in 2003 after Northwestern State Bank changed ownership. In January 2010, the Lancaster location was purchased by United Valley Bank.
United Valley Bank’s six locations continue to operate close to the people it serves.