Our Story

Growing One of South Dakota’s Largest Companies

Like many successful businesses, First Bank & Trust began with a small-town vision. In 1880, Brookings, South Dakota entrepreneur Horace Fishback saw a need to serve a growing community with banking services. Horace and his uncle, Bert Olds, began a check-cashing station at the back counter of their general store.  What began as a small venture has grown into one of South Dakota’s largest privately-held companies—Fishback Financial Corporation (FFC)—the holding company for First Bank & Trust.

On November 2, 1925, Security National Bank became the Fishback’s first independent community bank. Now known as First Bank & Trust, the bank continues to respond to the unique needs of the Brookings community. Today we serve communities along the I-29 corridor with 16 bank locations in 12 thriving communities. Our founding philosophy—to meet each local community's needs with integrity and innovation in banking—is why we support independent leadership and employee ownership. We want to empower our employees to provide services that meet their local customers' unique needs.

Through four generations of Fishbacks, FFC remains a family-owned company. Bob Fishback, Chairman of the Board, and Van Fishback, Vice Chairman, operate with the same integrity and community focus their grandfather Horace instilled in the company. The company is also transitioning to employee ownership by providing employees with stock in Fishback Financial Corporation.

Throughout the years and the economy’s many ups and downs, a desire to give back to customers and the local community has continued to set FFC apart. Learn about how our leadership team and employees sustain our culture of giving.