Exhibit 99.1





FOR IMMEDIATE RELEASE

|March 2, 2006 | 6:00 a.m. MT
|------------- | ------------

Contact:  Kevin P. Clark

CEO

406-727-6106

UNITED FINANCIAL CORP. ANNOUNCES FOURTH QUARTER AND 2005 EARNINGS

HIGHLIGHTS: Q4 Earnings per share up 13% in 2005 over Q4 2004; Loans up
18% and Assets up 12% in 2005; Net interest income up 9% in 2005 over 2004; Real
estate origination tops $270 million in 2005.

Great Falls,
Montana March 2, 2006  United Financial Corp. (United)
(NASDAQ-UBMT) today reported net income for the year ended December 31, 2005 of
$4,140,000 or basic earnings per share of $1.35, compared to $3,918,000 or basic
earnings per share of $1.29 for the same period in 2004. Fully diluted earnings
per share were $1.32 and $1.25 for 2005 and 2004, respectively. Net income
increased 10.7% for the quarter ended December 31, 2005, over the same quarter
in 2004. For the quarter ended December 31, 2005, net income was $1,090,000 or
basic and diluted earnings per share of $.36 and $.35, respectively, compared
with $984,000 or basic and diluted earnings per share of $.32 and $.31,
respectively, for the same quarter in 2004. All per share amounts have been
restated for the 5 for 4 stock split effective in December 2005.

Uniteds assets at December 31, 2005 were $389 million compared to
$347 million at December 31, 2004. Net loans increased to $312 million at
December 31, 2005 from $265 million a year ago and deposits increased to $304
million at December 31, 2005 compared to $258 million a year
ago.    Net interest income rose to $14.1 million for the
year ended December 31, 2005 compared to $13.0 million for the same period one
year ago. Uniteds shareholders equity was $32.0 million at December
31, 2005, and book value per share was $10.41. The weighted average number of
shares outstanding for 2005 was 3,060,717 compared to 3,043,240 for
2004.

CEO Kevin Clark
said, 2005 was another solid year for United. Our asset quality at year
end is very good and our reserve for loan losses remains strong. Our net
charge-offs for the year were a very manageable $187,000. We experienced another
year of strong net interest income improvement and posted a 17% increase in real
estate loan originations over 2004. We are pleased with the progress of our new
Billings branch which exceeded our initial expectations. Additionally, plans are
currently underway to offer full service banking in our Hamilton
location.

Uniteds net
interest margin was 4.16% in 2005 compared to 4.22% in 2004. United also
originated over $270 million in real estate loans in 2005. Non-performing loans
totaled $.1 million at December 31, 2005 compared to $.4 million in 2004.

Forward-Looking Statements

When used in this
press release, the words or phrases will likely result in, are
expected to, will continue, is anticipated,
estimate, could, or project or similar
expressions are intended to identify forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from
historical earnings and those presently anticipated or projected including
general economic conditions, business conditions in the banking industry, the
regulatory environment, new legislation, vendor quality and efficiency, employee
retention factors, rapidly changing technology and evolving banking industry
standards, competitive standards, competitive factors including increased
competition among financial institutions and fluctuating interest rate
environments. Readers are cautioned not to place undue reliance on any such
forward-looking statements, which speak only as of the date made. Readers should
also carefully review the risk factors described in documents the company files
from time to time with the Securities and Exchange Commission.

United Financial
Corp. is a bank holding company based in Great Falls, Montana, and is the parent
of Heritage Bank, with fifteen locations in Montana.

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United Financial Corp.
Financial Highlights (Unaudited)
(Dollars in thousands, except per share data)

|                                                        | Three Months Ended
December 31, |  | Twelve Months Ended
December 31,
|------------------------------------------------------- | ------------------------------- |  | --------------------------------
|
|                                                        |                                
|Income statement amounts                                |                                 |  |                                 
|Net interest income                                     |                                 |  | $                               
|Provision for losses on loans                           |                                 |  |                                 
|Noninterest income                                      |                                 | 
|Investment securities gains                             |                                 |  |                                 
|Gain on the sale of loans                               |                                 |  |                                 
|Other                                                   |                                 |  |                                 
|Noninterest expense                                     |                                 |  |                                 
|Earnings before income taxes                            |                                 |  |                                 
|Income taxes                                            |                                 |  |                                 
|Net earnings                                            |                                 |  |                                 
|                                                        |                                
|Per common share data                                   |                                 | 
|Net earnings                                            |                                 | 
| basic                                                 |                                 |  | $                               
| diluted                                               |                                 |  |                                 
|Cash dividends                                          |                                 |  |                                 
|Book value                                              |                                 |  |                                 
|                                                        |                                
|Balances at end of period                               |                                 | 
|Loans receivable and held for sale, gross               |                                 |  |                                 
|Allowance for losses on loans                           |                                 |  |                                 
|Nonperforming assets                                    |                                 | 
|Nonperforming loans                                     |                                 |  |                                 
|Foreclosed properties                                   |                                 |  |                                 
|                                                        |                                 |  |                                 
|Available for sale investment securities                |                                 |  |                                 
|Total assets                                            |                                 |  |                                 
|Goodwill                                                |                                 |  |                                 
|Total deposits                                          |                                 |  |                                 
|Total stockholders equity                              |                                 |  |                                 
|                                                        |                                
|Other supplemental information                          |                                 | 
|Net earnings                                            |                                 | 
|Return on average assets                                |                                 |  |                                 
|Return on average common equity                         |                                 |  |                                 
|Allowance for loan losses to loans                      |                                 |  |                                 
|Common shares outstanding (end of period, in thousands) |                                 |  |                                 
|                                                        |                                 |  |                                 
|Net interest margin                                     |                                 |  |                                 
|                                                        |                                 |  |                                 
|Shareholders equity to total assets                    |                                 |  |                                 
|                                                        |                                 |  |                                 
|Dividend payout ratio                                   |                                 |  |                                 
|                                                        |                                

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