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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).

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
Jun 1, 1984	Zip Employees Federal Credit Union	Service First Federal Credit Union
Dec 1, 1983	Gage Bros Employee Federal Credit Union	First Century Federal Credit Union
Nov 11, 1983	Miners and Merchants Bank	First National Bank
Aug 1, 1983	First Mitchell National Bank	Wells Fargo Bank South Dakota, N.A.
Aug 1, 1983	Trisco Federal Credit Union	Black Hills Federal Credit Union
Jul 1, 1983	Montana Dakota Utilities Federal Credit Union	Rapid City Telco Federal Credit Union
Jul 1, 1983	South Dakota Central Federal Credit Union	Service First Federal Credit Union
Jun 11, 1983	First Dakota Home Savings & Loan Association	Home Federal Bank
Jun 11, 1983	First Federal Savings & Loan Association of Sioux Falls	Home Federal Bank
May 1, 1983	The First National Bank of Miller	First Bank of South Dakota (National Association)
May 1, 1983	The First National Bank of Clark	First Bank of South Dakota (National Association)
May 1, 1983	The First Potter County Bank	First Bank of South Dakota (National Association)
May 1, 1983	First Bank (N.A.)	First Bank of South Dakota (National Association)
May 1, 1983	First National Bank in Lemmon	First Bank of South Dakota (National Association)
Apr 1, 1983	Nafco Federal Credit Union	Black Hills Federal Credit Union
Apr 1, 1983	Custer Federal Credit Union	Rapid City Telco Federal Credit Union
Oct 27, 1982	Minnehaha County Teachers Federal Credit Union	Bluestone Federal Credit Union
Jul 13, 1982	Dale-Sioux Federal Credit Union	Explorers Credit Union
Jul 1, 1982	Sioux Falls Teachers Federal Credit Union	Levo Federal Credit Union
Jan 4, 1982	Sully County Bank	Bankwest, Incorporated
Sep 15, 1981	Perpetual Savings & Loan Association	First Federal Savings Bank of South Dakota
Apr 1, 1980	Badlands State Bank	Bankwest, Incorporated
Apr 1, 1980	Vivian State Bank	Bankwest, Incorporated
Dec 15, 1979	Springfield State Bank	Wells Fargo Bank South Dakota, N.A.
Nov 1, 1979	Dakota State Bank of Dell Rapids, South Dakota	The First National Bank in Sioux Falls
Dec 19, 1978	First Security Bank	Great Western Bank
Nov 4, 1978	Rosholt Community Bank	First Premier Bank
Mar 15, 1976	First State Bank	United National Bank
Feb 17, 1976	Union Bank & Trust	First Premier Bank
Nov 8, 1975	Spink County Bank	First Bank (N.A.)
Oct 1, 1974	The First National Bank in Bristol	Norwest Bank Aberdeen, National Association
Apr 1, 1973	Parker State Bank	Wells Fargo Bank South Dakota, N.A.
Aug 1, 1971	The Security National Bank of Viborg	First Premier Bank
Aug 1, 1971	Rushmore State Bank	First Premier Bank
Sep 10, 1970	Security Bank	First Bank of South Dakota (National Association)
Jan 9, 1970	Community State Bank	Wells Fargo Bank South Dakota, N.A.
Aug 1, 1969	Lyman County Bank	First Premier Bank
Aug 1, 1969	United National Bank of Brandon	First Premier Bank
Jan 4, 1968	American National Bank and Trust Company	First Bank of South Dakota (National Association)
Feb 1, 1967	Farmers & Merchants State Bank	Dacotah Bank
May 2, 1966	Delmont State Bank	First State Bank
Jul 1, 1965	Farmers State Bank	First Premier Bank
Jul 1, 1965	Security State Bank	First Premier Bank
Jul 1, 1965	Security State Bank	First Premier Bank
Dec 7, 1962	Farmers & Merchants Bank	First Bank of South Dakota (National Association)
Dec 7, 1962	Farmers & Merchants Bank	First Bank of South Dakota (National Association)
Dec 7, 1962	Farmers & Merchants Bank	First Bank of South Dakota (National Association)

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