Trent Sorbe Joins First International Bank & Trust
We are excited to welcome Trent Sorbe to First International Bank & Trust’s (FIBT) Executive Team! Sorbe will serve as Chief Payments Officer, where he will lead the growth and expansion of our local and national digital payments initiatives.
Sorbe will direct the bank’s Kotapay division, a top-40 ACH originator forecasted to settle over $100 billion of electronic payments through NACHA in 2023, as well as its Card Services division. Trent will also spearhead the organization’s expansion into new forms of digital payments to be offered both locally and nationwide.
Michael Toy, Chief Strategy and Operations Officer shares, “We are thrilled to welcome Trent to the leadership team and plan to take full advantage of his 30+ years of financial technology experience, entrepreneurship, and passion for payments innovation. Under Trent’s leadership, FIBT customers will enjoy access to the latest payments capabilities, and we can leverage our Kotapay division to deliver new payments applications on a nationwide scale.”
Sorbe shares his excitement. “Scaling payments products and services in today’s banking-as-a-service model requires a unique combination of technology, size, and experience. Real time payments, traditional card-based payments, and virtual/mobile payments have quickly become table stakes. I’m here because FIBT and Kotapay are among a handful of community banks with the foundation in place to meet these market demands.”
Who is FIBT?
First International Bank & Trust (FIBT) is a full-service, family-owned, independent community bank serving a wide range of communities across North Dakota, South Dakota, Minnesota, and Arizona.