07 May Security State Bank to merge with Unison Bank
Security State Bank (SSB) announced that it will merge with Jamestown-based Unison Bank.
“We are excited that SSB will be merging with us, especially due to the history between our banks,” said Unison Bank President & CEO, Kelly Rachel. “Our staff has been working for months to ensure a seamless transition for all of SSB’s customers.”
Since its beginning, SSB has been in the business of serving its communities and their customers. These values and that SSB President & CEO, Lorren Henke, has been involved with Unison Bank as an owner and Chairman of its Board of Directors for the past 18 years, made the transition natural when Henke announced his retirement.
“It’s been our life’s work and our privilege to help our customers achieve their financial goals and succeed,” said Henke. “For the past few years, announcing my retirement has been on the horizon. It was a priority to align with another bank that held our same values – values that put customers and community first. We found that perfect-pairing in Unison Bank.”
SSB customers will continue to receive exceptional service in addition to the expanded platform of quality products and technology options that Unison Bank will be able to offer.
Unison Bank originally began in 1965 in Jamestown, N.D. Since inception, its mission has been to provide their customers with quality products and services while recognizing each customer as an individual and respecting their unique needs. In addition to their Jamestown, N.D. location, they also have a branch located in Gilbert, Ariz.
Unison Bank employs 63 team members between their two locations and will welcome Security State Bank’s nine employees to its team later this spring.
SSB Branch Manager, Greg Bosch, said, “We are excited to have this outcome for our employees, customers and our communities.”
The merger is expected to be finalized by May 24, 2021. Once merged, Unison Bank will have branch locations in Linton, N.D., and Wishek, N.D.
For more information about Unison Bank, visit www.unisonbank.com or call (701) 253-5600. To learn more about Security State Bank, visit www.ssbanking.com.
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