Combining resources: Community Resource Bank and 1st United Bank
Community Resource Bank and 1st United Bank are combining resources to better serve our customers. Beginning the weekend of April 12, 2025, 1st United Bank accounts will transfer to Community Resource Bank. We are committed to making the transition go as smoothly as possible. The good news is that you can access both teams to guide you through this change. Our soon-to-be combined team is excited about the benefits this merger will bring our customers, including increased lending power, an expanding range of financial tools and banking services, and convenient locations in Faribault, Northfield, Cannon Falls and Roseville. More details will be forthcoming.
A Word from the Presidents
“We are excited to look to the future, joining resources with 1st United Bank. It is clear we share the same commitment to relationship-centered customer service and strong desire to strengthen our communities. We look forward to welcoming the 1st United Bank customers and team of employees to Community Resource Bank. Let’s bank together!”
James E Loe, Community Resource Bank President & CEO
“Community Resource Bank shares the same vision on customer service and giving back to the community. 1st United Bank and Community Resource Bank both believe in building long-lasting relationships and providing the financial services to meet the needs of our customers. We are very excited to join resources to create an even stronger financial institution to better serve the community, expand our presence and build more relationships. Together, we will be in an excellent position for the ever-changing financial conditions to help our customers succeed.”
Dave Green, 1st United Bank President & CEO
About Community Resource Bank
As a pillar in the local community, providing banking, lending and investment services, our team is a reliable financial resource to families and businesses. With decades of trusted experience, our team is committed to meeting your financial needs.
Key Dates
| Key Date | Event |
| Week of March 15, 2025 | New Community Resource Mastercard® mailed to account holders who previously had a Visa Debit/ATM card(s) at 1st United Bank. Includes activation instructions. |
| Friday, April 11 (3:00 p.m. CST) | 1st United Bank branch and drive-thru close for the weekend to facilitate system conversion. Online & Mobile Banking will be unavailable starting at 3:00 p.m. CST. Debit/ATM cards can still be used with limitations. |
| Saturday & Sunday, April 12-13 | 1st United Bank branch and drive-thru remain closed while accounts transition to Community Resource Bank. |
| Monday, April 14 (8:00 a.m. CST) | Branch and drive-thru reopen as Community Resource Bank. Full access to accounts at Community Resource Bank branches, ATMs, and Online & Mobile Banking. |
What’s Changing:
1st United Bank will now be Community Resource Bank
1st United Bank will rebrand as Community Resource Bank, and existing customer accounts will transition to a new interface under Community Resource Bank. Both management teams will guide customers through this transition.
What’s Not Changing:
Team Members
We value the relationships the 1st United Bank team has built with their customers, and those connections will remain strong. The 1st United Bank team will be joining the Community Resource Bank team. You will continue to work with familiar faces you know and trust.
A Commitment to Community
Both banks share a focus on supporting the communities they serve, our combined resources only strengthen this commitment.
Ownership
Both banks are owned and operated by the same Minnesota-based holding company, making the transition less complex than other bank mergers.
What You’re Gaining:
Increased Lending Power
Enhancing our lending power means we can support more individuals, families and businesses as they pursue their dreams. Whether you’re securing a mortgage or expanding your business we’re equipped to provide the resources you need to achieve your goals.
More Locations
Customers of either bank will have access to banking services at any Community Resource Bank or 1st United Bank location or ATM.
Streamlined Management, Expanded Resources
With combined resources, our teams are now even better equipped to serve you and our communities. 1st United customers will now have access to expanded loan and deposit offerings and technology capabilities for increased convenience.