First National Bank of Fort Pierre, South Dakota, has announced plans to acquire Wyoming Bank and Trust, which operates branches in Cheyenne and Burns.
The proposed transaction is described as a “definitive agreement,” though it remains subject to regulatory approval. If approved, the acquisition is expected to be finalized in the third quarter of 2025.
With the acquisition, the Wyoming locations will be rebranded as First Wyoming Bank & Trust Branch of First National Bank, expanding First National’s footprint from 16 to 18 locations across South Dakota, Colorado, and now Wyoming.
“This partnership enhances our ability to support our customers and offers new opportunities for our team members,” said Jeff Wallace, President of Wyoming Bank and Trust. “We remain dedicated to operating as a true community bank with personalized local service at the core of everything we do.”
First National Bank, established in 1934, has emphasized its commitment to community-focused banking. Its president, Craig Davis, stated that the combination of the two institutions will help better serve the growing financial needs of the Rocky Mountain region.
“Wyoming Bank & Trust shares our same commitment to strengthen the financial wellness of our communities,” Davis said. “We are excited to partner with them to further deliver on that goal.”
Wyoming Bank and Trust, founded in 1919, has long operated with a local banking model. The upcoming transition aims to maintain that tradition while integrating the expanded resources and services of a larger regional institution.
With input from KGAB AM 650 and KCCR.
