FNBO Brings Sioux Falls Banking Office To The Steel District
FNBO, a 165-year-old, family-owned bank, is bringing its Sioux Falls office to The Steel District.
The bank is leasing about 3,000 square feet on the second floor of the Steel District’s office tower, bringing its growing loan production office and trust company to downtown.
“We will grow,” said Melissa Fossell, Director of Commercial Banking. “I think Sioux Falls is an appealing place to do business in general, especially commercial banking and home lending.”
The Steel District office will give FNBO a modern presence in the market, Fossell said.
“It’s a beautiful building in a great location right in downtown Sioux Falls,” she said. “Working with Lloyd has been an easy and smooth process. Honestly, there were not a lot of options for the size of space we wanted and we were able to find the availability with The Steel District in the area of town we were looking.”
The bank’s office is a strong complement to the rest of the Steel District office tower, which includes the Sioux Falls headquarters for C&B Operations as well as developer Lloyd Companies.
“We’re thrilled to add another longtime family business with a vision for growth in our market to our tenant mix,” said Raquel Blount Vice President of Commercial Real Estate for Lloyd Companies. “This building is rapidly filling up with a strong mix of professional offices and we anticipate more announcements soon.”
FNBO’s holding company – First National of Nebraska – has grown to 5,000 employees with locations in eight states and $26 billion in assets. The Sioux Falls office is temporarily located in southwest Sioux Falls.
“We are actively hiring, especially on the home mortgage side and in business banking when the fit is right,” Fossell said.
The bank was represented by Autumn Kaufhold of VanBuskirk Companies. “We looked at space across the entire city, and The Steel District really stood out,” she said. “It is such a special project, and will be a perfect fit for FNBO’s downtown location. They loved the design and aesthetic of the project.”
FNBO plans to move into its downtown office this fall. While it won’t have a teller line and will serve strictly as a business office, the bank has additional plans for the Sioux Falls market, Fossell said.
“Eventually when the time is right we will grow to multiple locations and have a teller line and branches, but the timing hasn’t been determined yet,” said Fossell said.
