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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
Feb 1, 1993 Home Trust Savings and Loan Association First Bank & Trust
Dec 10, 1992 McCook Bancshares, Inc. First Dakota Financial Corporation
Dec 7, 1992 Security Bank of South Dakota, National Association First National Bank
Jul 1, 1992 Sanborn County Bank Commercial Trust and Savings Bank
Apr 1, 1992 Hamlin County Bank Reliabank Dakota
Jan 31, 1992 Security State Bank Security Bank
Sep 30, 1991 First Western Bancorp, Inc. Christen Group, Inc.
Apr 1, 1991 Interbake Employees Federal Credit Union Sioux Valley Credit Union
Feb 15, 1991 Norwest National Bank of Yankton Wells Fargo Bank South Dakota, N.A.
Jun 9, 1990 Ranchers National Bank of Winner First Fidelity Bank
Mar 1, 1990 Rushmore Federal Credit Union Highmark Federal Credit Union
Feb 1, 1990 Live Stock State Bank Cortrust Bank N.A.
Dec 1, 1989 Sioux Falls Milwaukee Employees Federal Credit Union Bluestone Federal Credit Union
Oct 1, 1989 First State Bank of McLaughlin First National Bank
Jul 17, 1989 First State Bank Pioneer Bank & Trust
Jun 1, 1989 Seagate Corporation Society Bank & Trust
Apr 1, 1989 First Western Bank The First Western Bank Custer
Apr 1, 1989 Mountain Plains Bank The First Western Bank Sturgis
Jan 1, 1989 Sacred Heart Hospital Employees Federal Credit Union Explorers Credit Union
Dec 31, 1988 United Federal Savings & Loan Association Home Federal Bank
Aug 26, 1988 Barber Employees Federal Credit Union Dakota Star Federal Credit Union
May 19, 1988 The American State Bank First Dakota National Bank
Apr 15, 1988 South Dakota Retailers Association Federal Credit Union Oahe Federal Credit Union
Apr 1, 1988 The Bank of Cresbard Dacotah Bank
Jan 1, 1988 South Dakota Realtors Federal Credit Union Bluestone Federal Credit Union
Dec 31, 1987 State Bank of Waubay First Savings Bank
Dec 1, 1987 Bowdle State Bank Live Stock State Bank
Oct 31, 1987 The Security State Bank of Doland, South Dakota Farmers and Merchants Bank
Jul 1, 1987 Security State Bank Security Bank of South Dakota, National Association
Mar 30, 1987 Norwest Capital Management & Trust Company Wells Fargo Bank South Dakota, N.A.
Sep 8, 1986 Dakota State Bank, of Tripp, South Dakota First State Bank
Aug 1, 1986 First Federal Savings & Loan Association of Canton Home Federal Bank
Jun 2, 1986 First Fidelity Bank First Fidelity Bank
Jun 2, 1986 First Fidelity Bank First Fidelity Bank
Apr 30, 1986 James Valley Cooperative Federal Credit Union Dakotaland Federal Credit Union
Apr 14, 1986 Farmers State Bank of Carthage, South Dakota (unnamed)
Dec 2, 1985 Farmers State Bank, of Kranzburg, S. D. First Premier Bank
Oct 17, 1985 United National Bank First Premier Bank
Oct 11, 1985 SunBank of South Dakota First Premier Bank
Jul 1, 1985 Brownco Federal Credit Union Consolidated Hub-Co Federal Credit Union
Apr 5, 1985 Big Stone State Bank Dakota State Bank
Feb 1, 1985 Dakota Savings & Loan Association First Bank, Federal Savings Bank
Jan 1, 1985 The Frontier Bank First National Bank
Dec 14, 1984 Hill City Federal Credit Union Rapid City Telco Federal Credit Union
Dec 5, 1984 The First National Bank of Selby Bankwest, Incorporated
Oct 1, 1984 Sioux Valley Medical Federal Credit Union Levo Federal Credit Union
Oct 1, 1984 Norwest Bank Aberdeen, National Association Wells Fargo Bank South Dakota, N.A.
Oct 1, 1984 Norwest Bank Black Hills, National Association Wells Fargo Bank South Dakota, N.A.
Oct 1, 1984 Norwest Bank Watertown, National Association Wells Fargo Bank South Dakota, N.A.
Aug 31, 1984 Mitchell Home Savings & Loan Association First Bank, Federal Savings Bank

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