April 23, 2026

This piece is sponsored by First National Wealth Management.

The First National Bank in Sioux Falls is looking to the future with next-generation family leadership in its wealth management division.

Maggie Groteluschen has assumed the role of interim wealth management leader, building on a 14-year career at the bank that includes managing its wealth advisory, personal trust, retirement plans and institutional wealth divisions.

She is the fifth generation of the Baker family to help lead the family-owned bank. Her father, Bill Baker, retired as CEO in 2019 after nearly two decades in the role.

Groteluschen has worked at First National Wealth Management since graduating with her law degree and MBA from Creighton University in 2012. She also is a shareholder in the bank.

“Maggie brings strategy, expertise and continuity to this exceptional wealth management team,” said Chris Ekstrum, president and CEO of The First National Bank in Sioux Falls, which oversees First National Wealth Management.

“Her leadership will be a great asset as we transition into a new chapter.”

Additionally, fourth-generation Baker and shareholder Sarah Hogg, CPA, serves as a senior family office advisor for First National Wealth Management.

Hogg joined the bank in 2023 after nearly 30 years of working as a CPA in both public and private practice.

“I’m in awe of the wealth management team I joined,” Hogg said. “The level of expertise, advice and planning we are offering clients is unmatched in Sioux Falls.”

First National Wealth Management’s nearly 40-person team oversees more than $10 billion in assets under management and serves thousands of clients in South Dakota and across the country.

These credentialed professionals bring diverse backgrounds and experience in accounting, finance, legal, business succession and estate planning.

Many hold Certified Financial Planner®, Chartered Financial Analyst®, Certified Trust and Fiduciary Advisor and Certified Public Accountant designations, as well as MBA and Juris Doctor  degrees.

Longtime portfolio manager Matt Adamson also recently stepped into a new role as investments manager. Adamson joined First National Wealth Management in 2012 and holds an MBA and a CFA.

“Matt has displayed strong leadership within our investments team, so I have no doubt that he will transition into this role naturally,” Groteluschen said. “We value his expertise and the genuine love he has for serving our clients.”

Adamson’s experience includes responsibility for a large portion of managed client assets, including retirement accounts, charitable trusts, personal trusts, and donations and endowments.

“The best part of my job is seeing the gratitude our clients have for the services we provide,” he said. “I’m excited to continue to grow this talented team.”

Above all, “our team loves nothing more than getting to a client’s inner circle,” Groteluschen added. “When a client calls to tell us of a job change, a home purchase, a health diagnosis or a new grandchild on the way, that connection is the meaningful and fulfilling work for us.”

For Groteluschen, an added passion is to grow, perpetuate and evolve the Baker family legacy.

“First National Bank has always been near to my heart, and now I’m energized by the opportunity to execute my vision for wealth management in a bigger way,” she said.

Hogg serves clients of FNB Reserve, a division of First National Wealth Management designed to meet the unique needs of ultra-high-net-worth families.

“We have found a niche in our ability to surround our clients during business succession planning and sale — unifying their advisors to one strategy, providing valuable tax insights and simplifying the process for them,” Hogg said.

First National Bank has offered trust and wealth management services for more than 100 years, obtaining trust powers from its primary regulator, the Office of the Comptroller of the Currency, in 1917.

“One of the underpinnings of our work is that as a 140-year-old bank, we have the benefit of perspective on a generational level,” Groteluschen said. “We take the long view, growing and thriving with our clients.”

At First National Wealth Management, there is no one-size-fits-all approach.

The team’s investment philosophy is centered around getting to know you and your ambitions, using evidence-based methodology to customize your portfolio. A proven five-step process leads to a custom-created and carefully managed investment plan with a long-term outlook.

“These are uncertain times for investors, driven by volatility and unpredictability,” Ekstrum said.

“But when you’re part of an organization with a foundation that spans more than a century, you know how to guide with the big picture in mind. I’m incredibly proud of the team we have serving investors, and we plan to grow it.”

The bank’s family-focused culture blended with top-tier investment expertise is a strong combination, he added.

“We’re truly a family business serving other families, which is why generations have trusted our team to guide them toward their investment goals,” Ekstrum said.

 “I invite you to get to know these impressive professionals and enjoy the benefit of their expertise.”

To connect with First National Wealth Management, start here.