Bank of Glen Ullin

The Bank of Glen Ullin was established on January 2, 1947, in Glen Ullin, North Dakota. Over the years, the bank underwent several changes in its regulatory status and operational structure. On April 10, 1990, the main office moved to 102 South Avenue East in Glen Ullin, and later on April 17, 1995, it relocated to 106 South Avenue West in the same city. The institution transitioned to a member of the Federal Reserve System on November 1, 2007, and subsequently changed its primary federal regulatory agency to the Federal Reserve. However, on August 29, 2012, the bank withdrew from membership in the Federal Reserve System, switched to being regulated by the Federal Deposit Insurance Corporation (FDIC), and converted to a state-chartered bank. After more than seven decades of operation, the Bank of Glen Ullin merged with The Union Bank located in Beulah, North Dakota, on October 30, 2020, marking the end of its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

1947-01-02Institution established. Original name: Bank of Glen Ullin.

1990-04-10Main Office moved to 102 South Avenue East, Glen Ullin, ND 58631.

1995-04-17Main Office moved to 106 South Avenue West, Glen Ullin, ND 58631.

2007-11-01Institution becomes member of the Federal Reserve System.

2007-11-01Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

2007-11-01Changed Primary Federal Regulatory Agency to FED.

2012-08-29Institution withdraws from membership in the Federal Reserve System.

2012-08-29Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2012-08-29Changed Primary Federal Regulatory Agency to FDIC.

2020-10-30Merged and became part of The Union Bank in Beulah, ND.