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Bank Events in South Dakota

Every FDIC-insured bank failure, merger or acquisition involving a bank, credit union or bank holding company, and regulatory enforcement action affecting banks headquartered in South Dakota (SD).

32
Failures
247
Mergers
297
Enforcement
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Bank Directory
All South Dakota banks

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
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 —

Mergers & Acquisitions involving South Dakota banks

Date Acquired (SD) Acquirer
Nov 11, 2025 Farmers State Bank Campbell County Bank
Oct 7, 2023 Dakota Prairie Bank First Fidelity Bank
Sep 1, 2023 First Century Federal Credit Union Voyage Federal Credit Union
Jul 12, 2023 Valley Exchange Bank American Bank & Trust
May 1, 2023 Vermillion Federal Credit Union Voyage Federal Credit Union
Jul 1, 2022 Department Stores National Bank Citibank, N.A.
Feb 1, 2022 Great Western Bank First Interstate Bank
Feb 1, 2022 Great Western Bancorp, Inc. First Interstate Bancsystem, Inc.
Jun 9, 2021 TCF National Bank The Huntington National Bank
Jun 1, 2021 Good Samaritan Federal Credit Union Voyage Federal Credit Union
Oct 31, 2020 United Methodist First Choice Federal Credit Union Interfaith Federal Credit Union
Oct 17, 2020 First Bank & Trust First Bank & Trust
Jul 4, 2020 First State Bank of Claremont Dacotah Bank
Jul 8, 2019 Menno State Bank Campbell County Bank
Dec 15, 2018 The Roberts County National Bank of Sisseton First Savings Bank
Dec 1, 2018 First American State Bank First National Bank
Nov 17, 2018 Peoples State Bank Minnwest Bank
Nov 17, 2018 First State Bank Minnwest Bank
Sep 15, 2018 First State Bank of Warner, S. Dak. Banknorth
Sep 1, 2018 Simply Service Federal Credit Union Highmark Federal Credit Union
Jul 1, 2018 Farmers State Bank American Bank & Trust
Mar 1, 2018 Glacial Lakes Educational Employees Federal Credit Union Avanti Federal Credit Union
Jan 1, 2018 Consolidated Hub-Co Federal Credit Union Dakotaland Federal Credit Union
Nov 18, 2017 State Bank of Alcester Premier Bank
Sep 25, 2017 Miner County Bank Rivers Edge Bank
Jul 1, 2016 First State Bank Bankwest, Incorporated
May 16, 2016 HF Financial Corp. Great Western Bancorp, Inc.
May 16, 2016 Home Federal Bank Great Western Bank
Jan 1, 2016 Dakota State Bank First Dakota National Bank
Aug 15, 2015 First Bank & Trust of Milbank First Bank & Trust
Aug 1, 2015 Rapid City Telco Federal Credit Union Sentinel Federal Credit Union
Jul 1, 2015 Fulton State Bank Farmers State Bank
Apr 1, 2015 Sodes Federal Credit Union Healthcare Plus Federal Credit Union
Oct 17, 2014 Great Western Bancorporation, Inc. Great Western Bancorp, Inc.
Oct 9, 2014 National Americas Investment, Inc. National Americas Holdings LLC
Jul 28, 2014 First National Bank South Dakota First National Bank of Omaha
May 24, 2014 Minnwest Bank Sioux Falls Minnwest Bank
May 17, 2014 American State Bank of Pierre American Bank & Trust
Mar 22, 2014 The First National Bank of Volga Bankstar Financial
Dec 31, 2013 Mitchell Area Federal Credit Union Dakotaland Federal Credit Union
Oct 1, 2013 Dakota Territory Federal Credit Union Northern Hills Federal Credit Union
Apr 1, 2013 Farmers State Bank First National Bank in Philip
Mar 1, 2013 Mitchell Teachers Federal Credit Union Palace City Federal Credit Union
Mar 1, 2013 Air Guard Federal Credit Union Levo Federal Credit Union
Jan 19, 2013 Bank 360 First Dakota National Bank
Dec 8, 2012 Mansfield State Bank American Bank & Trust
Nov 1, 2012 Asb Bank Holding Company Leackco Bank Holding Company, Inc.
Nov 1, 2012 Dakota Heritage State Bank Security Bank Midwest
Sep 5, 2012 CR Community First Federal Credit Union Black Hills Federal Credit Union
Jul 16, 2012 Yellowstone Trail Bancorporation Ipswich Community Bancshares, Inc.

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