Mission & History
Our Mission
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.
Our History
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: Groundbreaking 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.
February 2019: Completion of new facility in Boone.
April 2019: Purchased Rolfe State Bank with assets of $40,424,297.57.
November 2019: Purchased Heritage Bank N.A. of Alta, Anthon, Aurelia, Cushing, Holstein, and Lytton with assets of $79,000,000.00.
July 2024: United Bank of Iowa was granted approval to open an office in Manning, Iowa.
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 Alta, Anthon, Arthur, Aurelia, Boone, Carroll, Charter Oak, Churdan, Cleghorn, Cushing, Denison, Dunlap, Fort Dodge, Galva, Glidden, Harlan, Holstein, Kingsley, Kiron, Lake City, Lohrville, Lytton, Manning, Marcus, Moorhead, Moville, Odebolt, Onawa, Pierson, Pocahontas, Rockwell City, Rolfe, Sac City, Schleswig, and Storm Lake.
