Pete Delaurante

Mr. Delaurante, a Rock Springs native and lifelong resident of Sweetwater County, Wyoming, boasts over four decades of dedicated service to the local banking sector. After receiving his Business Management degree from the University of Wyoming, he began his banking journey in 1978 at United Savings Bank in Rock Springs. It was here that he formed the bedrock of a skillset that would contribute immensely to the growth and stability of the banking institutions he would later serve. 

At United Savings Bank, Mr. Delaurante managed branch operations and was directly involved in commercial, consumer, and secondary market real estate lending, as well as business development. In 1986, Mr. Delaurante became a Graduate of the National Commercial Lending School and accepted a position as Vice President at First Wyoming Bank (now Key Bank). There, he was responsible for developing and maintaining a $20MM commercial loan portfolio and managing delinquency control over the bank’s full loan portfolio. From 1993 to 1998, Mr. Delaurante ran all lending as a Regional Credit Officer of First Security Bank, where his duties included training lenders, updating policies, and approving loans in excess of individual loan officer authority.

In 1998, Mr. Delaurante assumed the role of Vice President at Community First National Bank. In this role, he managed all lending for the Rock Springs and Green River branches. During his 5-year tenure, he doubled the size of the commercial loan portfolio with no commercial loan losses, ranked second throughout the entire company in SBA Lending, and reduced the overall delinquency rate for the bank by 50%. He also introduced a program for indirect consumer lending which allowed dealers to close transactions subject to customers meeting very stringent loan qualifications, producing a great increase in consumer loans with virtually no loss.

At this point an adept lender and veteran banking professional, Mr. Delaurante’s efforts led to his appointment as President of State Bank in June 2003, where he oversaw all areas of the bank including lending, operations, and compliance. Under his leadership, the bank saw a doubling of its net profit over the course of Mr. Delaurante’s three-year tenure, as well as a 50% increase in assets, the building of a second branch in Rock Springs, and material upgrades to its technology and credit policies. 

In 2006, Mr. Delaurante embarked on a new journey with Rocky Mountain Bank as Vice President, where he served for six years as the Vice President of Commercial Lending. His success continued into 2013 when he joined First Bank of Wyoming as a Commercial Loan Officer. At each of these institutions, he was recognized for his ability to generate quality loans with minimal credit loss and significantly reduce and collect inherited loan delinquencies.

In April 2021, Mr. Delaurante returned to State Bank as Executive Vice President and Chief Credit Officer. In this current role, he leverages enduring customer relationships that he has built over his decades-long career to deliver quality loan and deposit growth to State Bank. He extends his contributions at State Bank to policy development and implementation, as well as ensuring steadfast compliance with the regulatory framework.

Mr. Delaurante’s deep understanding of the regional economy, strong community ties, and lending capabilities have positioned him as a valuable asset to the bank and its stakeholders. With his broad experience and local insight, Mr. Delaurante continues to fortify State Bank's standing in the Wyoming banking sector.