FORT PIERRE, S.D. — First National Bank of Fort Pierre, South Dakota, announced Friday it has reached a definitive agreement to acquire Wyoming Bank & Trust. The acquisition includes Wyoming Bank & Trust branches in Cheyenne and Burns, Wyoming.
Upon completion of the acquisition, the Wyoming branches will operate under the name of First Wyoming Bank & Trust Branch of First National Bank. First National Bank currently has 16 locations across South Dakota and Colorado. The transaction is subject to standard regulatory approvals and is anticipated to close in the third quarter of 2025.
Craig Davis, President of First National Bank, stated the acquisition would allow the combined entity to better serve the expanding market in the Rocky Mountain region. He noted that Wyoming Bank & Trust shares a similar commitment to the financial well-being of their communities and expressed enthusiasm for the partnership.
Jeff Wallace, President of Wyoming Bank & Trust, said the partnership would enhance their ability to support customers and provide new opportunities for their team members. He emphasized their continued dedication to operating as a community bank with personalized local service.
Olsen Palmer LLC served as financial advisor, and Godfrey & Kahn, S.C. acted as legal advisor to Wyoming Bank & Trust on the transaction. Woods Fuller Shultz & Smith P.C. served as legal advisor to First National Bank.
First National Bank of Fort Pierre, South Dakota, is a family-owned business that began operations in 1934 in Pierre, South Dakota. The bank offers a range of commercial and consumer banking products and services, including mortgage and personal loans, internet and mobile banking, and mobile payment solutions. Their lending decisions are made locally by banking professionals who live and work in the communities they serve in Rapid City, the Black Hills, and across South Dakota and Colorado.
