First International Bank & Trust opens new location

The Edina, Minn., site is the North Dakota bank’s entry into the Minneapolis/St. Paul market.


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

“The FIBT team is excited to bring our brand of community banking to Edina and the surrounding area,” Branch President Kyle Kray said in a statement. “We look forward to providing high-quality personal and business 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 the Minneapolis-St. Paul market, according to the company.

Family-owned for four generations, FIBT traces its history to Farmer’s State Bank in Arnegard, N.D., which opened for business 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.

Peter Stenehjem, president and fourth-generation banker, is excited about entering the new market.


“We’ve been looking at the Twin Cities for a while now and a lot of our customers have been asking us to be in the area,” he said. “We’re excited to finally make it happen.”

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