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Bank Failures in South Dakota 32 FDIC-insured banks headquartered in South Dakota have failed since 1936. The most recent was BankFirst on July 17, 2009. The worst year was 1938, with 12 failures. Failed banks held $506.2M in assets at closing.
Largest bank failures in South Dakota Date Bank City Assets Acquirer or resolution Jul 17, 2009 BankFirst Sioux Falls $210.8M Alerus Financial, N.A. Apr 24, 1992 First FSB of South Dakota Rapid City $155.9M Metropolitan FB, FSB Mar 8, 1991 First FSB Huron $51.9M Branch sale Jun 17, 1983 Community Bank Hartford $32.0M Western Bank May 7, 1987 First State Bank of Sisseton Sisseton $20.1M Farmers&merchants B&T Co Aug 19, 1988 Marshall County Bank Britton $10.7M First National Bank Nov 10, 1987 Tri-State National Bank Belle Fourche $10.7M First Western Bank Sturg Mar 27, 1986 Stockholm State Bank Stockholm $7.2M Community STB of Stockho Jun 15, 1984 Farmers State Bank Lyons $3.2M Dakota State Bank Dec 18, 1936 The First National Bank of Centerville Centerville $569K —
South Dakota bank failures by year Every bank failure in South Dakota Date Bank City Assets Acquirer or resolution Jul 17, 2009 BankFirst Sioux Falls $210.8M Alerus Financial, N.A. Apr 24, 1992 First FSB of South Dakota Rapid City $155.9M Metropolitan FB, FSB Mar 8, 1991 First FSB Huron $51.9M Branch sale Aug 19, 1988 Marshall County Bank Britton $10.7M First National Bank Nov 10, 1987 Tri-State National Bank Belle Fourche $10.7M First Western Bank Sturg May 7, 1987 First State Bank of Sisseton Sisseton $20.1M Farmers&merchants B&T Co Mar 27, 1986 Stockholm State Bank Stockholm $7.2M Community STB of Stockho Jun 15, 1984 Farmers State Bank Lyons $3.2M Dakota State Bank Jun 17, 1983 Community Bank Hartford $32.0M Western Bank Aug 3, 1940 Badger State Bank Badger $74K —
Sep 29, 1938 First State Bank Wilmot $165K —
Aug 31, 1938 Jerauld County Bank Wessington Springs $260K —
Aug 24, 1938 Hitchcock State Bank Hitchcock $79K —
Aug 16, 1938 Bank of Highmore (Drew BROS.) Highmore $109K —
Jul 27, 1938 Hutchinson County Bank Parkston $273K —
Jul 12, 1938 Hudson State Bank Hudson $254K —
May 17, 1938 Citizens State Bank of Andover Andover $78K —
Apr 25, 1938 State Bank of Irene Irene $176K —
Apr 19, 1938 Bank of Humboldt Humboldt $194K —
Apr 12, 1938 First State Bank of Ipswich Ipswich $210K —
Feb 1, 1938 Pollock State Bank Pollock $103K —
Jan 21, 1938 First State Bank of Wolsey Wolsey $123K —
Jun 16, 1937 The First National Bank of Pukwana Pukwana — —
Apr 30, 1937 St. Onge State Bank St. Onge $81K —
Apr 29, 1937 Whitewood Banking Company Whitewood $124K —
Feb 20, 1937 The Citizens State Bank of Lebanon Lebanon $154K —
Feb 18, 1937 Farmers State Bank Corsica $205K —
Feb 18, 1937 Akaska State Bank Akaska $92K —
Jan 12, 1937 Bank of Houghton Houghton $82K —
Dec 18, 1936 The First National Bank of Centerville Centerville $569K —
Apr 21, 1936 Farmers & Merchants Bank Revillo $128K —
Mar 18, 1936 Farmers State Bank Amherst $56K —