First Bank & Trust of Milbank

First Bank & Trust of Milbank was established on March 27, 1986, under the original name Community State Bank of Stockholm in Stockholm, South Dakota. The institution underwent a significant change on September 15, 1994, when it was renamed Community State Bank. On August 12, 1996, the main office was relocated to 203 South Third Street in Milbank, South Dakota, and later moved again on June 1, 1998, to its final address at 215 West Fourth Avenue, Milbank, South Dakota. The institution changed its name to First Bank & Trust of Milbank on September 1, 2006, shortly after expanding its trust powers to full. On August 15, 2015, First Bank & Trust of Milbank merged with and became part of First Bank & Trust, based in Brookings, South Dakota.

Below is a list of some important events in banks history, including mergers and acquisitions.

1986-03-27Institution established. Original name: Community State Bank of Stockholm.

1986-03-27Acquired Stockholm State Bank in Stockholm, SD.

1994-09-15Changed Institution Name to Community State Bank.

1996-08-12Main Office moved to 203 South Third Street, Milbank, SD 57252.

1998-06-01Main Office moved to 215 West Fourth Avenue, Milbank, SD 57252.

2006-06-02Changed Trust Powers to Full.

2006-09-01Changed Institution Name to First Bank & Trust of Milbank.

2015-08-15Merged and became part of First Bank & Trust in Brookings, SD.