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South Dakota State's Frost Arena to become First Bank & Trust Arena with $50 million renovation

South Dakota State's Frost Arena to become First Bank & Trust Arena with $50 million renovation

  • Updated
Summit League Basketball Tournament (copy)

Douglas Wilson of South Dakota State grabs a rebound during the Summit League tournament this year in Sioux Falls.

Frost Arena will soon be known as First Bank & Trust Arena.

South Dakota State announced Monday in a lively presentation on the floor of the basketball court that the Brookings-based bank has committed $20 million to serve as the lead gift for the complete renovation of the Jackrabbits’ home for basketball, volleyball and wrestling.

The renovation, which will have an estimated total cost of $50 million, is expected to take two years and will be done in phases to avoid interruption of SDSU events. The project will consist of new seating areas, suites, new video board and display systems, improved restrooms, larger concourses and improved locker rooms and offices.

First Bank & Trust Arena will include an interactive space which will highlight the history of SDSU athletics in addition to being the new home of the Jackrabbit Sports Hall of Fame.

The $20 million gift is the largest single gift in the history of South Dakota State University.

"The long-standing generosity of First Bank & Trust and the Fishback family continues to have a major impact on our university," said SDSU President Barry Dunn. "Because of this gift, the renovation of Frost Arena will allow us to improve a facility that is home to many events, including Jackrabbits athletics, commencement, concerts, and lectures, and continue its rich history of being a regional center of activity for the state and the university."

First Bank & Trust and its founding Fishback family have been longtime supporters of South Dakota State University and Jackrabbit Athletics, donating to academic programs, facility expansions and fundraising campaigns.

"First Bank & Trust shares SDSU's progressive vision and relentless pursuit of excellence, combined with a passion for impacting our community," said Kevin Tetzlaff, President and COO of First Bank & Trust.

Tom Fishback, Market President of First Bank & Trust, Brookings, added: "Our relationship with SDSU has stood the test of time, reinforcing the alignment between our organizations and proving a strong commitment to growth and quality of life in Brookings."

"To enhance the footprint of the Stanley J. Marshall Center and create a first-class facility for our student-athletes, coaches, and fans is incredibly exciting," SDSU Director of Athletics Justin Sell said.

Frost Arena, named in honor of former Jackrabbit basketball coach and athletic director R.B. "Jack" Frost, opened in February 1973 and was constructed for an initial cost of $3.685 million.

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