Fourth generation Stenehjem to lead First International Bank and Trust

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Fourth generation Stenehjem to lead First International Bank and Trust

(WATFORD CITY, ND) – First International Bank and Trust is set to welcome a new leader. The family-owned organization will welcome Peter Stenehjem as its new Chief Executive Officer on January 1, 2025. The move will welcome the fourth generation of the Stenehjem family to a leadership position with the bank. Steve Stenehjem has served as the bank’s Chief Executive Officer for 34 years and will continue as Chairman of its Board after stepping dow…

Grand Forks Herald

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First International Bank & Trust Announces CEO transition to fourth generation of family leadership

WATFORD CITY, N.D. – First International Bank & Trust (FIBT), a full-service, independent community bank, has announced a leadership transition and significant milestone in its 115-year history. Effective Jan. 1, 2025, Peter Stenehjem will succeed his father, Stephen L. Stenehjem, CEO, becoming the fourth generation of the Stenehjem family to lead the institution. Steve, who has served as CEO for 34 years, will continue as chairman of the board…

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Hubert Burda has been running a successful media company for decades. A few months before his 85th birthday, he is handing over responsibility to his two children, who will become the fourth generation to lead the family business.

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First International Bank & Trust announces CEO succession

Peter Stenehjem will succeed his father Stephen Stenehjem as CEO at Watford City, N.D.-based First International Bank & Trust.  Peter’s appointment is effective Jan. 1. He is the fourth generation of the family to lead the $5.3 billion bank. Stephen’s grandfather, Odin Stenehjem, and Odin’s brother, Gerhard, founded the bank in 1910.   “Peter has spent his career at FIBT, learning from industry leaders and taking on various roles across the orga…