First International Bank announces fourth generation CEO

First International Bank & Trust (FIBT) celebrates a major milestone as S. Peter Stenehjem steps into the role of CEO on January 1, 2025, becoming the fourth generation of the Stenehjem family to lead the 115-year-old institution. Peter succeeds his father, Stephen L. Stenehjem, who guided the bank through 34 years of extraordinary growth, expanding its assets from $49 million to over $5 billion and growing its reach across North Dakota, South Dakota, Minnesota, and Arizona.

Peter, currently FIBT’s president, has spent his career learning the business and earning respect for his leadership and community focus. “It’s an honor to continue our family’s legacy of integrity, innovation, and service,” Peter shared.

Steve will transition to Chairman of the Board, remaining actively involved in guiding the bank’s leaders. With Peter at the helm and the continued involvement of siblings Erik, Kira, and Kristen, the Stenehjem family’s dedication to helping individuals and businesses “live first” remains stronger than ever. Here's to 115 years of business!

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