MINNEAPOLIS - First Bank System Inc. said it has received Federal Reserve Board approval of its application to acquire First Western Corp., the bank holding company that owns Western Bank in Sioux Falls, S.D.

Western Bank, with assets of $317 million and deposits of $267 million, has six branches in Sioux Falls and branches in Colton, Hartford, and Humboldt.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.