Wyoming, MN – January 21, 2026 – First State Bank of Wyoming is pleased to announce that it has entered into a definitive agreement to be acquired by First Resource Bank, pending FDIC approval. This partnership brings together two community focused institutions that share the same mission, values, and longstanding commitment to serving local families, businesses, and communities. The transaction is expected to be completed in the second quarter of 2026.

Bringing the two institutions together will add nearly $240 Million in Assets and 2 additional locations to First Resource Bank’s footprint. This opportunity will allow them to grow to eight full-service locations with total assets exceeding $1 billion.

A Natural Fit: Shared Mission, Shared Values, Shared Philosophy
This acquisition is built on a remarkably strong alignment between the two banks. Because the two organizations already share the same mission and community first philosophy, customers will not see a shift in culture, values, or service — only the added resources.

Another similarity is that both banks already operate on the same banking software. Because of that, the transition is expected to go smoothly for both customers & staff. The employees from both institutions are already familiar with similar workflows and systems, which will ensure continuity and consistency throughout the transition process.

Our customers will enjoy the benefits of additional locations and expanded capabilities, all while continuing to experience the personal, relationship driven service they know and trust.

First State Bank of Wyoming & First Resource Bank are both members of the Federal Deposit Insurance Corporation and are Equal Housing / Equal Opportunity Lenders. We encourage customers to contact us directly at 651-462-7611 with any questions regarding the transaction.

If you are asked to send money from a recent deposit or overpayment, discuss the situation with a banker, trusted friend or family member. Be truthful about the situation. Many scammers direct their victim to lie about the reason you are sending the money. Review your account activity to spot signs of fraud. These include transfers from your own savings, credit card, or home equity line of credit. Or a transfer from someone you do not know. If you’re unsure of the descriptions used for a transaction, ask a banker. Watch out for deals that are too good to be true. A deep discount could be the sign of a scammer trying to lure you in.

1. Were you instructed to make up a story and not share the true details with anyone?
2. Did you receive money from one individual and were asked to send money off to another?

ROMANCE SCAM

You meet someone, typically through an online app or social media site, and begin a relationship. Your online interest starts professing their love for you and then begins to ask for money to help with costs such as medical bills or travel expenses to visit you.

BUSINESSS OPPORTUNITY

You’re approached with an offer to fund a lucrative investment or business opportunity, usually in another country. You’re directed to act quickly and keep the deal a secret, especially if questioned by your bank when sending the money.

LOTTERY SCAM

You have won a foreign lottery and are instructed that you need to pre-pay the taxes. Typically an ‘Attorney’ is involved to make things sound legitimate.

FAMILY EMERGENCY

You receive an urgent call or email from someone claiming to be a friend or family member who needs money for an emergency. To appear legitimate, they may provide details (pulled from social media) about your friend or relative in need. They will often put someone on the phone briefly for you to hear – their voice is distorted so you cannot be sure it isn’t them. Best way to validate— reach out the family member or loved one directly.

REAL ESTATE WIRE

A scammer gains access to a legitimate email account to impersonate a realtor, escrow officer, attorney, or lender and then provides fraudulent wiring instructions to funnel the money directly into the scammer’s account.

TECH SUPPORT

Someone contacts you claiming to be from a well-known technology company and requests remote access to your computer. Sometimes the caller says they have identified a problem and offers to fix your computer for a fee. If you give them access, they install malicious software to steal your personal or financial information.

Most scams and scammers have two main goals–to steal your money and your identity. You should know what to look for, how they work, and what to do, so you can protect yourself and your finances.  Visit the FDIC’s Consumer News site and educate yourself on the latest scams.