Marcia Hultman

Cabinet Secretary

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Banking

About Us

Mission and Goals

Administration

Legal Authorization and Responsibilities

Annual Reports

Contact Us

Staff Directory

Other Contact Information

Past Directors

Mission and Goals

The primary mission of the South Dakota Division of Banking is to charter, license, regulate, supervise and provide guidance to South Dakota financial entities in order to instill consumer confidence, protect consumer interests and promote economic stability through a common sense, efficient and risk-focused approach.

Our major goals are:

  • Create, sustain and enhance a stable experienced staff
  • Provide better coverage of non-banks
  • Enhance state regulation and supervision
  • Improve efficiencies
  • Evaluate the Community Banking Model

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Administration

The Division of Banking is administered under the direction of the Department of Labor and Regulation. The Division is under the administrative control and supervision of the Director of Banking, Bret Afdahl. In addition to the Director, the Governor appoints a Banking Commission consisting of five members.

The Director of Banking is the executive officer of the Commission and complies with and enforces orders and directions of the Commission. The Director is responsible to act on applications to organize a bank, change control, merge, change location, and establish or close branch banks. The Commission is required to hear appeals of application decisions or disputes and also acts on Administrative Rules of South Dakota (ARSD) necessary for the management and administration of banks and trust companies over which it has jurisdiction.

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For more information on the authorization and responsibilities of the Division of Banking as mandated in South Dakota Codified Law and Administrative Rules of South Dakota, and for a list of the types of entities supervised by the Division of Banking, please see Legal Authority.

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Annual Reports

The Division of Banking publishes on this website a monthly Activity Report. The monthly activity reports are archived and available for:

2015

2014

Prior to 2014, the Division produced an Annual Activity Report, available below in Adobe PDF format.

2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995

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Contact Us

Division of Banking
South Dakota Department of Labor and Regulation
1601 N. Harrison Avenue, Suite 1
Pierre, SD 57501
Phone: 605.773.3421
Fax: 866.326.7504
email: banking@state.sd.us

Staff Directory

Division of Banking Staff Contacts
Title Name (with email link) Certifications*
Director Bret Afdahl  
Deputy Director - Banking John Crompton CEM
Deputy Director - Trust Scott Kelly CEIC, CFIRS, CSTE
Division Counsel Brock Jensen COE, CFIRS, CTE
Policy Analyst Jean Blow  
Financial Institution Examiner Jim Benham CFIRS, CTE
Financial Institution Examiner Donald Berger CSBE
Senior Secretary Delaine Campbell  
Financial Institution Examiner Casson Campbell  
Financial Institution Examiner Austin DeLange  
Financial Institution Examiner Michael Dummer CSBE
Financial Institution Examiner Max Eckrich  
Financial Institution Examiner Blake Gunderson  
Financial Institution Examiner Drew Haack CSBE
Financial Institution Examiner David Henry  
Financial Institution Examiner Chase Koskovich  
Financial Institution Examiner Morgan Kronaizl  
Financial Institution Examiner Jordan LaBrie CEIC
Financial Institution Examiner Jason Nomsen CFIRS, CTE
Financial Institution Examiner Bradley Pesicka  
Financial Institution Examiner Aspen Ruane  
Financial Institution Examiner Jonathon Sanborn  
Financial Institution Examiner Brady Schlechter CCE
Financial Institution Examiner Matthew Schlechter CFIRS, CSTE
Financial Institution Examiner Florence Simmons CEIC, CME
Financial Institution Examiner Matt Spolum  
Financial Institution Examiner Jacob Wagner CEIC
Financial Institution Examiner Todd Youngbluth CSBE
Financial Institution Examiner Michael Zellmer CEIC

Certifications:

CCE — Certified Credit Examiner
CEM — Certified Examination Manager
CEIC — Certified Examiner In Charge
CFIRS — Certified Fiduciary and Investment Risk Specialist
CME — Certified Mortgage Examiner
COE — Certified Operations Examiner
CSBE - Certified Senior Bank Examiner
CSTE — Certified Senior Trust Examiner
CTE — Certified Trust Examiner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Other Contact Information

If you wish to lodge a complaint, please refer to the Consumer Complaint Reference List for the appropriate entity to contact.

See Contact Information for other financial entities, including those not regulated by the Division of Banking.

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