David M. Peterson, Esq., serves as Vice President, Compliance Officer, and BSA/AML Compliance Officer, and a member of the Board of Directors of Exeter Trust Company headquartered in Cheyenne, Wyoming.  Mr. Peterson was instrumental in obtaining the required regulatory approval for the formation and launch of ExeterTrust™.  He has been with ExeterTrust™ since before its launch in 2019.  Mr. Peterson is based in Exeter Trust Company’s corporate headquarters office located in Cheyenne, Wyoming. 

Senior Regulatory and Compliance Executive

Mr. Peterson has over fifteen years of experience in the areas of trust company oversight, management, administration, and operations. Previously as a financial institution examiner for five years, Mr. Peterson examined both private and public trust companies while he was with the South Dakota Division of Banking. Mr. Peterson also served as compliance officer for a recognized South Dakota trust company for five years.

In addition to serving as compliance officer, Mr. Peterson has consulted with approximately fifty trust companies on a variety of compliance, regulatory, and industry best practice matters. As a trusted advisor, Mr. Peterson has assisted many trust companies with the application approval process and has served as a board member for several trust companies.

Education and Certifications

Mr. Peterson attended the University of Sioux Falls and received his Bachelor of Arts degree in Business Administration. Mr. Peterson also attended Creighton University in Omaha, Nebraska, and received his Juris Doctor and Master of Science. He later attended the Cannon Financial Institute where he received his Certified Fiduciary Investment and Risk Specialist (CFIRS™) designation. Mr. Peterson also attended the University of St. Thomas, Minneapolis, Minnesota, and received his LLM in Compliance and Organizational Ethics in May 2019.