United Financial Corp. has terminated its purchase of another Montana banking company, blaming low prices for farm products.

United, based in Great Falls, announced in April that it had agreed to buy Chouteau County Bancshares of Fort Benton for an undisclosed sum. The deal received approval from the Federal Reserve in August and was scheduled to close this quarter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.