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Wrong Dennis Walsh?

Dennis Walsh W.

Chief Credit Officer

First International Bank & Trust

HQ Phone: (701) 842-2381

First International Bank & Trust

100 N. Main

Watford City, North Dakota 58854

United States

Company Description

First International Bank & Trust (North Dakota and Arizona) is owned by Watford City Bancshares, Inc., which is owned by the Stenehjem family. First International Bank & Trust is a full service, independent community bank offering a wide variety of servic ... more

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Background Information


Board Member
The ND FFA Foundation Inc

Web References (11 Total References)

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Honorary American Degree : (pictured) Mike Hergert of Red River Farm Network, Larry Sitter (former instructor at Towner), Ken Votava (instructor) from Finley/Sharon FFA Chapter, Lane Moellenkamp (instructor) from Fessenden/Bowdon FFA Chapter, and Dennis Walsh of First International Bank & Trust.

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Dennis Walsh, Board President First International Bank & Trust 2866 20th St. NE Harvey

STAPLES, Minn. -- Dennis Walsh ...

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STAPLES, Minn. -- Dennis Walsh says the current state of agriculture is "deja vu all over again."

History often repeats itself and few learn to read the signs, he said to the more than 50 farmers and agribusiness people at last week's Staples Farm Forum.
Farmers usually learn from the past and improve on it, he said.
Walsh understands the challenges and economic pressures facing ag producers and markets. He raises beef cattle near Harvey, N.D., and is regional president of the First International Bank and Trust. He detailed the ag issues of the past few decades and noted the similarities between the 1970s and 2000s.
The farm sector will face uncertain commodity prices, although Walsh believes we won't see the wild swings of the last few years.
The economic crisis impacts local markets, Walsh added. Domestically, reduced consumer disposable income impacts food consumption patterns. Beef is directly impacted and the dining industry, especially the high end restaurants, are hurt.
Unemployment also has an impact on food purchases, he said.
"We've been in a recession for 12 months and it usually lasts less than 24 months," Walsh said.

- Dennis Walsh served as ...

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- Dennis Walsh served as student body president during the 1978-1979 academic year. He doesn't remember the Rahjah Club being banned from campus but said much work was being done to clean up the list of student organizations to make it easier for the finance commission to see how many organizations might request funding for a given school year. Walsh is currently the regional president for First International Bank in Harvey, N.D.

"These input costs (such as fuel ...

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"These input costs (such as fuel and fertilizer) really are troubling," said Dennis Walsh, a Harvey-based regional president for First International Bank & Trust, which serves 11 communities in North Dakota and two in Minnesota.

The Chicago Board of Trade contract for wheat for December delivery has fallen from $7.40 in late summer to about $5.40 last week.
Still, Walsh said, farmers today generally are wary of taking on more debt, and they are paying interest rates that are one-third or one-half of what they were in the late 1970s.
"That makes a big difference," he said.
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