Dallas-based Dominion Bank Agrees to Merge with North Dakota-based First International Bank & Trust
On November 10, Watford City, North Dakota-based First International Bank & Trust (FIBT) and Dallas-based Dominion Bank announced that they have entered into a definitive merger agreement. Under the agreement, Dominion Bank, with $650 million in assets, will merge into FIBT and operate under the First International Bank & Trust name. The combined bank is expected to have approximately $7 billion in total assets and 31 banking locations across North Dakota, South Dakota, Minnesota, Arizona and Texas.
