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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
Jul 1, 2000 Sioux Falls Veterans Administration Federal Credit Union Bluestone Federal Credit Union
Jun 1, 2000 Hand County State Bank American Bank & Trust
Jun 1, 2000 C & L Investment Company, Inc. Leackco Bank Holding Company, Inc.
Apr 14, 2000 Marquette Bank South Dakota, National Association Marquette Bank, National Association
Apr 1, 2000 Farmers State Bank Farmers State Bank
Dec 23, 1999 Norwest Agricultural Credit, Inc. Wells Fargo & Company
Nov 6, 1999 Commercial Banshares, Inc. First National Bank South Dakota
Nov 6, 1999 Commercial Trust and Savings Bank First National Bank South Dakota
May 27, 1999 Dakota State Bank Home Federal Bank
May 1, 1999 Sioux Falls Argus Leader Federal Credit Union Levo Federal Credit Union
Sep 1, 1998 First American Bank First Bank & Trust
Jul 9, 1998 Canton Bancshares, Inc. FMB Bankshares, Inc.
Mar 27, 1998 First Savings and Loan Association of South Dakota, Inc. Great Western Bank
Mar 23, 1998 First Bank of South Dakota (N.A.) U.S. Bank N.A. ND
Nov 24, 1997 Roscoe Financial Services, Inc. Roscoe Community Bankshares, Inc.
Nov 1, 1997 Tri-County State Bank Marquette Bank South Dakota, National Association
Nov 1, 1997 Dakota State Bank Marquette Bank South Dakota, National Association
Nov 1, 1997 Bank of South Dakota Marquette Bank South Dakota, National Association
Nov 1, 1997 Farmers and Merchants Bank Marquette Bank South Dakota, National Association
Oct 1, 1997 Stockmens Bank, National Association Stockmens National Bank
Sep 13, 1997 The First National Bank of Eden Great Plains Bank
Jul 1, 1997 First State Financial Services, Inc. Farmers State Holding Company
Jul 1, 1997 First State Bank Rivers Edge Bank
Jun 1, 1997 First Bank of South Dakota (National Association) First Bank of South Dakota (N.A.)
Jun 1, 1997 First Bank of South Dakota (National Association) U.S. Bank National Association
May 24, 1997 Dacotah Bank Dacotah Bank
May 24, 1997 Dacotah Bank Dacotah Bank
May 24, 1997 Dacotah Bank Dacotah Bank
May 24, 1997 Dacotah Bank Dacotah Bank
May 24, 1997 Dacotah Bank Dacotah Bank
Feb 14, 1997 Community First State Bank Community First State Bank
Dec 2, 1996 FW Financial, Inc. Christen Group, Inc.
Oct 24, 1996 Volga Federal Credit Union Dakotaland Federal Credit Union
Jun 1, 1996 American Federal Bank, A Federal Savings Bank Great Western Bank
Feb 1, 1996 Farmers National Bank Wells Fargo Bank South Dakota, N.A.
Dec 30, 1995 Hub-Co Federal Credit Union Consolidated Hub-Co Federal Credit Union
Dec 7, 1995 BankFirst National Association BankFirst
Jun 17, 1995 Western Bank First Bank of South Dakota (National Association)
Mar 16, 1995 First Western Corporation U.S. Bancorp
Jan 1, 1995 Community First State Bank of Platte Community First State Bank
Jan 1, 1995 Community First State Bank of Hot Springs Community First State Bank
Jan 1, 1995 Community First State Bank of Huron Community First State Bank
Jan 1, 1995 Community First State Bank of Lemmon Community First State Bank
Aug 16, 1994 United National Corporation United National Corporation
Jun 23, 1994 Upper Midwest Financial Corporation Pipestone Bancshares, Inc.
May 17, 1994 Norwest State Bank Wells Fargo Bank South Dakota, N.A.
Mar 29, 1994 Brookings Federal Bank, a federal savings bank Pathward, N.A.
Jan 15, 1994 Farmers State Bank of Mellette American Bank & Trust
Dec 10, 1993 Winner Banshares, Inc. Wells Fargo & Company
Apr 1, 1993 The McCook County National Bank of Salem First Dakota National Bank

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