The United Community Bank is a progressive and growing state-chartered bank serving Dickinson, Clay, O'Brien and Osceola counties from its six locations in Milford, Okoboji, Hartley, Ocheyedan and Lake Park, Iowa. The Bank was formed on January 1, 1998, by combining the Dickinson County Savings Bank of Milford and Okoboji with the United Community Bank of Hartley and Ocheyedan.
The Dickinson County Savings Bank was chartered June 12, 1931 in Milford, Iowa and was originally housed in the MHR Insurance building on the southwest corner of Okoboji Avenue and 10th Street. The Bank moved to its present location in September 1975, and more than doubled in size with an addition completed in April 1996. Another addition was added to the east side of the building in 2005.
The Okoboji Office was established in March 1983, and was located in a new building constructed across from Arrowwood Resort. As part of the improvements to Highway 71, a new facility was constructed during 1998 north of the original location in Okoboji.
The United Community Bank of Hartley and Ocheyedan, formerly known as the Ocheyedan Savings Bank, was chartered April 29, 1892 in Ocheyedan, Iowa. During its early years, the bank struggled due to absentee ownership and difficult economic times. In 1927, a major recapitalization of the bank took place that resulted in local ownership. However, during the depression the bank again struggled and was only able to survive due to a loan in 1934 from the Reconstruction Finance Corporation. In 1935, the Spengler family purchased controlling interest in the bank, which continued until May 1992 when the bank was sold to a group of individuals having common ownership with the Dickinson County Savings Bank. The bank changed its name to United Community Bank to facilitate moving its charter to Hartley, Iowa in December 1995, with the Ocheyedan bank continuing to operate as a branch. A mobile bank trailer was used in Hartley until a new building was completed in November 1996.
On November 23, 1998, the deposits of the First Federal Savings Bank, Hartley Office, Sioux City, Iowa were purchased. Approximately $7 million in deposits were purchased. On April 17, 2000, a Loan Production Office was opened in Lake Park. On July 1, 2001, the Lake Park Office became a full-service office. On June 1, 2002, the United Community Bank acquired the assets and deposits of the Security State Bank, Hartley, Lake Park and Milford offices. Approximately $50 million in assets and deposits were acquired. On September 15, 2003, the Hartley offices were consolidated into the downtown location.
The United Community Bank is now in excess of $200 million in assets and $167 million in loans. The Bank continues to grow as a community oriented, locally owned commercial bank offering a full range of traditional and innovative banking services to the residents of Northwest Iowa.
Milford, Iowa
1000 Okoboji Ave.
P.O. Box 167
Milford, IA 51351-0167
Ph: (712) 338-2781
Toll Free: (888) 338-2781
Fax: (712) 338-4824
Okoboji, Iowa
Highway 71 North
P.O. Box 556
Okoboji, IA 51355-0556
Ph: (712) 332-7717
Toll Free: (888) 332-7717
Fax: (712) 332-7021
Hartley, Iowa
117 S. Central Ave.
P.O. Box 166
Hartley, IA 51346-0166
Ph: (712) 928-2101
Toll Free: (888) 928-2101
Fax: (712) 928-2166
Ocheyedan, Iowa
850 Main Street
P.O. Box 9
Ocheyedan, IA 51354-0009
Ph: (712) 758-3141
Toll Free: (800) 291-6019
Fax: (712) 758-3325
Lake park, Iowa
113 Market Street
P.O. Box 157
Lake Park, IA 51347-0157
Ph: (712) 832-3296
Toll Free: (800) 846-6002
Fax: (712) 832-3297
