First PREMIER Bank has a long tradition of investing in its customers, employees and the communities it serves. On Thursday, the organization celebrated another significant investment as it broke ground on a new main office and corporate headquarters which will be located at the NE corner of the intersection of Minnesota Avenue and 14th Street in Downtown Sioux Falls.
First PREMIER Bank President Dave Rozenboom said construction of the five-story building will begin Monday, March 18, with an estimated completion date of November 2020. Once open, he said the company’s main office and corporate headquarters will serve as a gateway to downtown Sioux Falls.
“This project is the culmination of several years of strategic initiatives aimed at positioning our organization for the future.” Rozenboom said. “We’ve made significant investments to provide our customers with the best possible banking experience and to provide our employees with the tools they need to serve our customers well. The growth of our organization and the continued growth of Sioux Falls make this an ideal time for us to take the next step to expand our facilities for the future.”
First PREMIER Bank CEO Dana Dykhouse said the need to construct a new main office and corporate headquarters is the result of significant organic growth and a desire to always provide the best possible customer service.
“A lot has changed since First PREMIER Bank was created in 1986,” Dykhouse said. “We have grown from two branches and $250 million in assets to 17 branches and $1.9 billion in assets. But the one thing that has remained constant is our commitment to building strong relationships one customer at a time and always doing what’s right for our customers.”
Senior Vice President of Relationship Banking Tony Nour echoed this sentiment. He said that the new main office will include retail, business and private banking, home mortgage lending, and trust and investments along with many other support functions, and that both employees and customers will benefit from this increased synergy.
“Nearly everything we do at First PREMIER is customer-focused,” Nour said. And while our lobby will feature the latest in banking technology, our strength will continue to be the personal relationships we develop by knowing our customers and helping them find solutions for their unique financial needs.”
Nour added the building will house a state-of-the art retail bank designed specifically with today’s connected consumers in mind. “Online and mobile banking has changed how we do business,” he said. “We know that we have to be future-focused with our technology and facilities to continue to meet the needs of today’s customers and employees.”