Wyoming Bank & Trust, subsidiary of Cheyenne, Wyoming based Farmers State Bankshares, Inc., has been acquired by First National Bank, subsidiary of Capitol Bancorporation, Inc., based in Fort Pierre, South Dakota.
Olsen Palmer LLC served as financial advisor to Farmers State Bankshares, Inc.
The acquired branches now operate under the name First Wyoming Bank & Trust, Branch of First National Bank. First National Bank now maintains 18 total locations in South Dakota, Colorado, and Wyoming.
Wyoming Bank & Trust had $318 million in total assets as of June 30, 2025 and full-service branches in Cheyenne and Burns, Wyoming. Based on most recent reported financials, the combined institution has approximately $2.0 billion in total assets.
Olsen Palmer remains a top 3 overall bank M&A advisor nationwide based on the number of transactions advised upon since 2020 according to S&P Global.