First Bank & Trust will build a new Edina location, with a planned completion and opening in early 2024.
December 13, 2022
The new building will be 20,600 square feet, with a 2-lane drive-up, and be located at 4901 77th Street West within Pentagon Village, a 12.5-acre multiuse development at the intersection of Highway 100 and 77th Street. First Bank & Trust has partnered with HTG Architects, based in Hopkins, Minnesota, for the design and BJ Baas Builders as the general contractor. Groundbreaking and construction are slated to begin in spring 2023.
Jim Basten, Market President at First Bank & Trust, says the bank plans to employ around 20 full-time employees at the new location and have office space for a handful of bank executives, including the chief mortgage officer, SBA (Small Business Administration) lending director, and a wealth management team. “This building will give us an opportunity to increase our presence in the Edina market,” says Basten. “At the same time, it will allow us to have an enhanced retail banking presence and customer experience, with better access and visibility, providing needed space for our rapidly growing Twin Cities banking team.”
First Bank & Trust entered the Twin Cities market in 2017 through a merger with Peoples Bank of Commerce and State Bank of New Prague. With two locations in the metro area, Roseville and Edina, and four additional locations in the surrounding communities of New Prague, Cambridge, Princeton, and East Bethel, First Bank & Trust has grown the company’s lending portfolio by more than 210% and sees the Twin Cities as important to the growth of the organization.
The current Edina bank location at 3316 West 66th Street will close at the time of the Pentagon Village location opening.
About First Bank & Trust
First Bank & Trust, headquartered in Brookings, South Dakota, is one of South Dakota’s largest privately held banks. A family- and employee-owned bank, First Bank & Trust serves 17 communities in South Dakota and Minnesota with 22 bank locations. Learn more at www.bankeasy.com.
First Bank & Trust