First International Bank & Trust opens new location – Grand Forks Herald

EDINA, Minn. • First International Bank & Trust will celebrate the opening of its new site in Edina, Minn in early August.

“The FIBT team is excited to bring our community banking brand to Edina and surrounding areas,” branch president Kyle Kray said in a statement. “We look forward to providing high quality personal and commercial banking services while helping our new customers live first.”

FIBT currently has three locations in western Minnesota, but the new branch, located at Centennial Lakes Office Park, 3600 Minnesota Drive, marks the North Dakota-based bank’s official entry into Minneapolis-St. Paul’s market, according to the company.

A family business for four generations, FIBT traces its history to the Farmer’s State Bank in Arnegard, ND, which opened on May 1, 1910. Brothers Odin and Gerhard Stenehjem were the only employees. Today, Stenehjem bankers continue to lead FIBT, operating offices in North Dakota, South Dakota, Minnesota and Arizona, employing more than 730 people in the communities it serves.

Fourth-generation chairman and banker Peter Stenehjem is excited to enter the new market.

“We’ve been looking at the Twin Cities for quite some time now and many of our clients have asked us to be in the area,” he said. “We’re excited to finally get there.”

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