Department of Labor and Regulation

Title - Banking

Banking Commission Activity Reports

March 2016
Banks
Application for First State Bank of Roscoe, Roscoe, South Dakota to open a branch bank office at 605 J Avenue, Eureka, South Dakota 57437
Denied, hearing pending
Application for Great Western Bank, Watertown to merge Home Federal, Sioux Falls, South Dakota with and into Great Western Bank, Watertown, South Dakota
Approved
Application for Great Western Bank, Watertown to open a Loan Production office at 3325 Utica Ridge Road, Bettendorf, Iowa 52722
Pending
Trusts
Application of Legacy Trust Partners LLC to establish a public trust company at 201 S. Phillips Ave, Suite 135, Sioux Falls, South Dakota 57104 Approved
Application of CLA Trust Company, LLC to establish a trust service office at 220 S. Sixth St., Suite 300, Minneapolis, Minnesota 55402-1436 Approved
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in March are as follows:
Money Lending 
4
Money Transmitter
1
Mortgage Brokerage 0
Mortgage Lender 
0
Non-Residential Mortgage Lender
1
Mortgage Loan Originator 127
Licenses cancelled in March are as follows: 
Money Lending 
2
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
5
Current number of active licenses March
Money Lending 
493
Money Transmitter
69
Mortgage Brokerage 15
Mortgage Lender
236
NR Mortgage Lender for Insurance Company
32
Mortgage Loan Originator
2,239
Total
3,084
February 2016
Banks
Application for First State Bank of Roscoe, Roscoe, South Dakota to open a branch bank office at 605 J Avenue, Eureka, South Dakota 57437
Denied, hearing pending
Application for Great Western Bank, Watertown to merge Home Federal, Sioux Falls, South Dakota with and into Great Western Bank, Watertown, South Dakota
Pending
Application for Great Western Bank, Watertown, South Dakota to open a Branch Bank office in Scottsdale, Arizona
Approved
Trusts
Application of CISA Trust Company (South Dakota), LLC to establish a nondepository public trust company at 330 S. Poplar Avenue, Suite 103, Pierre, South Dakota 57501 Approved
Application of Mariner Trust Company, LLC to establish a trust service office at 4200 E. Skelly Drive, Suite 950, Tulsa, Oaklahoma 74135 Approved
Application of Biltmore Trust Compnay to establish a trust service office at 30050 Chagrin Blvd., # 100, Pepper Pike, Ohio 44124 Approved
Application of Legacy Trust Partners LLC to establish a public trust company at 201 S. Phillips Ave, Suite 135, Sioux Falls, South Dakota 57104 Pending
Application of CLA Trust Company, LLC to establish a trust service office at 220 S. Sixth St., Suite 300, Minneapolis, Minnesota 55402-1436 Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in February are as follows:
Money Lending 
4
Money Transmitter
1
Mortgage Brokerage 1
Mortgage Lender 
2
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
76
Licenses cancelled in February are as follows: 
Money Lending 
1
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
3
Current number of active licenses February
Money Lending 
489
Money Transmitter
68
Mortgage Brokerage 15
Mortgage Lender
238
NR Mortgage Lender for Insurance Company
31
Mortgage Loan Originator
2,103
Total
2,944
January 2016
Banks
Application for First State Bank of Roscoe, Roscoe, South Dakota to open a branch bank office at 605 J Avenue, Eureka, South Dakota 57437
Denied
American Bank & Trust, Wessington Springs, South Dakota to open a Branch Bank office in Sioux Falls, South Dakota
Approved
Application for Great Western Bank, Watertown to merge Home Federal, Sioux Falls, South Dakota with and into Great Western Bank, Watertown, South Dakota
Pending
Application for Great Western Bank, Watertown, South Dakota to open a Branch Bank office in Scottsdale, Arizona
Pending
Trusts
Application of CISA Trust Company (South Dakota), LLC to establish a nondepository public trust company at 330 S. Poplar Avenue, Suite 103, Pierre, South Dakota 57501 Pending
Application of Mariner Trust Company, LLC to establish a trust service office at 4200 E. Skelly Drive, Suite 950, Tulsa, Oaklahoma 74135 Pending
Application of Lavender Trust Company, INC. to establish a nondepository private trust company at 201 South Phillips Avenue, Suite 133, Sioux Falls, South Dakota Approved
Application of Biltmore Trust Compnay to establish a trust service office at 30050 Chagrin Blvd., # 100, Pepper Pike, Ohio 44124 Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in January are as follows:
Money Lending 
6
Money Transmitter
2
Mortgage Brokerage 0
Mortgage Lender 
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
69
Licenses cancelled in January are as follows: 
Money Lending 
18
Money Transmitter
2
Mortgage Brokerage
1
Mortgage Lender
3
Non-Residential Mortgage Lender
5
Mortgage Loan Originator
391
Current number of active licenses January
Money Lending 
491
Money Transmitter
68
Mortgage Brokerage 14
Mortgage Lender
237
NR Mortgage Lender for Insurance Company
31
Mortgage Loan Originator
2,029
Total
2,837

December 2015
Trusts
Application of Wealth Advisors Trust Company to establish a trust service office at 2650 Jackson BLVD. Rapid City, South Dakota 57702
Approved
Application of Independent Trust Company of America to establish a trust service office at 1220 Main, Suite 101, Vancouver, Washington 98660
Approved
Application of Alta Trust to relocate from 122 S. Phillips Avenue, Suite 201, Sioux Falls, South Dakota to 101 S. Main Avenue, Suite 310, Sioux Falls, South Dakota
Approved
Application of Sterling Trustees, LLC to relocate from 101 S. Main Avenue, Suite 310, Sioux Falls, South Dakota to 101 S. Phillips Avenue, Suite 509, Sioux Falls, South Dakota
Approved
Application of Concord Trust Company, LLC to relocate from 201 South Phllips Avenue, Suite 206, Sioux Falls, South Dakota to 1719 West Main Street, Rapid City, South Dakota Approved
Application of CISA Trust Company (South Dakota), LLC to establish a nondepository public trust company at 330 S. Poplar Avenue, Suite 103, Pierre, South Dakota 57501 Pending
Application of Mariner Trust Company, LLC to establish a trust service office at 4200 E. Skelly Drive, Suite 950, Tulsa, Oaklahoma 74135 Pending
Application of Lavender Trust Company, INC. to establish a nondepository private trust company at 201 South Phillips Avenue, Suite 133, Sioux Falls, South Dakota
Pending
Application of Bluebird Trust Company, LLC to establish a nondepository private trust company at 201 South Phillips Avenue, Suite 136, Sioux Falls, South Dakota Pending
Banks
Application for Great Western Bank, Watertown, South Dakota to open a branch office at 2936 University Ave., Waterloo, Iowa Approved
Application for Great Western Bank, Watertown, South Dakota to relocate branch bank from 500 N. Main Street, Eloy, Arizona 85131 to 712 N. Main Street, Eloy, Arizona 85131 Approved
Application for First State Bank of Roscoe, Roscoe, South Dakota to open a branch bank office at 605 J Avenue, Eureka, South Dakota 57437 Denied
Application for Great Western Bank, Watertown to merge Home Federal, Sioux Falls, South Dakota with and into Great Western Bank, Watertown, South Dakota Pending
Application for Great Western Bank, Watertown, South Dakota to open a Branch Bank office in Scottsdale, Arizona Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in December are as follows:
Money Lending 
7
Money Transmitter
0
Mortgage Brokerage 0
Mortgage Lender 
3
Non-Residential Mortgage Lender
2
Mortgage Loan Originator
86
Licenses cancelled in December are as follows: 
Money Lending 
14
Money Transmitter
1
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
11
Current number of active licenses December
Money Lending 
498
Money Transmitter
67
Mortgage Brokerage 15
Mortgage Lender
239
NR Mortgage Lender for Insurance Company
36
Mortgage Loan Originator
2,365
Total
3,220
November 2015
Trusts
Application of Gore Creek Trust Company, LLC to establish a nondepository private trust Company at 201 South Phillips Avenue, Suite 134, Sioux Falls, South Dakota 57104
Approved
Application of Meristem Trust Company to establish a trust service office at 601 Carlson Parkway, Suite 800, Minnetonka, Minnesota 55305
Approved
Application of CISA Trust Company (South Dakota), LLC to establish a nondepository public trust company at 330 S. Poplar Avenue, Suite 103, Pierre, South Dakota 57501
Pending
Application of Mariner Trust Company, LLC to establish a trust service office at 4200 E. Skelly Drive, Suite 950, Tulsa, Oaklahoma 74135 Pending
Application of Wealth Advisors Trust Company to establish a trust service office at 2650 Jackson BLVD. Rapid City, South Dakota 57702
Pending
Banks

Application for First Dakota Financial Corporation, Yankton, South Dakota to merge Dakota State Bank, Bunt, South Dakota

Approved
Application for Great Western Bank, Watertown, South Dakota to open a branch office at 2936 University Ave., Waterloo, Iowa Pending
Application for Great Western Bank, Watertown, South Dakota to relocate branch bank from 500 N. Main Street, Eloy, Arizona 85131 to 712 N. Main Street, Eloy, Arizona 85131 Pending
Application for First State Bank of Roscoe, Roscoe, South Dakota to open a branch bank office at 605 J Avenue, Eureka, South Dakota 57437 Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in November are as follows:
Money Lending 
7
Money Transmitter
0
Mortgage Brokerage 0
Mortgage Lender 
2
Non-Residential Mortgage Lender
1
Mortgage Loan Originator
70
Licenses cancelled in November are as follows: 
Money Lending 
2
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
0
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
7
Current number of active licenses November
Money Lending 
514
Money Transmitter
68
Mortgage Brokerage 15
Mortgage Lender
237
NR Mortgage Lender for Insurance Company
34
Mortgage Loan Originator
2,279
Total
3,147
October 2015
Trusts
Application from Old Hickory Trust Company LLC of South Dakota, a nondepository private trust company at 201 South Phillips Avenue, Suite 129, Sioux Falls, South Dakota 57104 Approved
Application to change control of First Capital Surety Trust company, a nondeposity public trust company at 201 South Phillips Avenua, Suite 127, Sioux Falls, SD 57104 Approved
Application of First Lawyers Trust Company to establish a Trust Service Office at 332 Minnesota Street, W-2900, St. Paul, Minnesota Approved
Notice of Intent of Alps Corporation to transfer seventy six percent of the ownership of First Lawyers Trust Company to Michael C. Brilley, Stockmens Financial Corporation, and Tradition Bancshares, Inc. Approved
Application of Gore Creek Trust Company, LLC to establish a nondepository private trust Company at 201 South Phillips Avenue, Suite 134, Sioux Falls, South Dakota 57104
Pending
Banks

Application for First Dakota Financial Corporation, Yankton, South Dakota to merge Dakota State Bank, Bunt, South Dakota

Pending
Application for Great Western Bank to open a branch office at 2936 University Ave., Waterloo, Iowa Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in October are as follows:
Money Lending 
39
Money Transmitter
4
Mortgage Brokerage 0
Mortgage Lender 
0
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
29
Licenses cancelled in October are as follows: 
Money Lending 
1
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
4
Mortgage Loan Originator
7
Current number of active licenses October
Money Lending 
501
Money Transmitter
68
Mortgage Brokerage 15
Mortgage Lender
235
NR Mortgage Lender for Insurance Company
33
Mortgage Loan Originator
2,213
Total
3,065
September 2015
Trusts
Application from IRA Financial Trust Company, a nondepository public trust company at 401 East 8th Street, Suite 200R, Sioux Falls, SD 57103
Approved
Application to change control of BTC Trust Company of South Dakota, a nondepository public trust company at 5032 South Bur Oak Place, Suite 131A, Sioux Falls, SD 57108-2244
Approved
Application from Old Hickory Trust Company LLC of South Dakota, a nondepository private trust company at 201 South Phillips Avenue, Suite 129, Sioux Falls, South Dakota 57104 Pending
Application to change control of First Capital Surety Trust company, a nondeposity public trust company at 201 South Phillips Avenua, Suite 127, Sioux Falls, SD 57104 Pending
Banks
First Bank & Trust, Brookings, South Dakota to merge First Bank & Trust of Milbank, Milbank, South Dakota and First Bank & Trust, National Association, Pipestone, Minnesota with and into First Bank & Trust Brookings, South Dakota. Approved
First State Associates, Inc., Hawarden, Iowa to acquire Minor County Bank, Howard, South Dakota
Approved
First Financial Corporation, Yankton, South Dakota to acquire Dakota State Bank, Bunt, South Dakota Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in September are as follows:
Money Lending 
30
Money Transmitter
27
Mortgage Brokerage 0
Mortgage Lender 
4
Non-Residential Mortgage Lender
1
Mortgage Loan Originator
63
Licenses cancelled in September are as follows: 
Money Lending 
1
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
3
Current number of active licenses September
Money Lending 
501
Money Transmitter
66
Mortgage Brokerage 15
Mortgage Lender
236
NR Mortgage Lender for Insurance Company
33
Mortgage Loan Originator
2,129
Total
2,980
August 2015
Trusts
Application from Old Hickory Trust Company LLC of South Dakota, a nondepository private trust company at 201 South Phillips Avenue, Suite 129, Sioux Falls, South Dakota 57104 Pending
Application to change control of BTC Trust Company of South Dakota, a nondepository public trust company at 5032 South Bur Oak Place, Suite 131A, Sioux Falls, SD 57108-2244
Pending
Application from IRA Financial Trust Company, a nondepository public trust company at 401 East 8th Street, Suite 200R, Sioux Falls, SD 57103
Pending
Banks

Reliabank Dakota Sioux Falls, SD to establish a loan production office at 2333 West 57th Street, Suite 105, Sioux Falls, SD 57108-5054

Approved
First State Associates, Inc., Hawarden, Iowa to acquire Minor County Bank, Howard, South Dakota
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in August are as follows:
Money Lending 
25
Money Transmitter
5
Mortgage Brokerage
1
Mortgage Lender 
3
Non-Residential Mortgage Lender
1
Mortgage Loan Originator
108
Licenses cancelled in August are as follows: 
Money Lending 
2
Money Transmitter
1
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
6
Current number of active licenses August
Money Lending 
477
Money Transmitter
65
Mortgage Brokerage 15
Mortgage Lender
233
NR Mortgage Lender for Insurance Company
33
Mortgage Loan Originator
2,074
Total
2,897
July 2015
Trusts
   
Banks
BankStar Financial, Elkton, SD to relocate a branch bank from 427 8th Street, Brookings, SD to 1301 6th Street, Brookings, SD. Approved
Home Federal Bank, Sioux Falls, SD to relocate a branch bank from 1024 6th Street, Brookings, SD to 1302 6th Street, Brookings, SD.
Approved
Home Federal Bank, Sioux Falls, SD to relocate a branch bank from 900 E. Main, Suite 101, Marshall, MN to 1418 College Drive East, Marshall, MN. Approved

1st Financial Bank USA, Sioux Falls, SD to establish a loan production office at 5929 S. Mogen Avenue, Sioux Falls, SD 57108

Pending
Reliabank Dakota Sioux Falls, SD to establish a loan production office at 2333 West 57th Street, Suite 105, Sioux Falls, SD 57108-5054 Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in July are as follows:
Money Lending 
1
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender 
2
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
49
Licenses cancelled in July are as follows: 
Money Lending 
8
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
2
Current number of active licenses: July   
Money Lending 
408
Money Transmitter
61
Mortgage Brokerage
14
Mortgage Lender
231
NR Mortgage Lender for Insurance Company
31
Mortgage Loan Originator
1961
Total
2,706
June 2015
Trusts
BTC Trust Company to establish, a nondepository public trust company,
at 5032 South Bur Oak Place, Suite 131A Sioux Falls, SD.
Approved
Banks

Home Federal Bank, Sioux Falls, SD to establish a branch office at 5675 26th Avenue, South Suite 156, Fargo ND.

Approved
Farmer State Bank of Parkston, SD to merge Fulton State Bank, SD with and into Farmers State Bank, Parkston, SD Approved
Plains Commerce Bank, Hoven, SD to establish a branch bank at 1130 Burr Street, Mitchell, SD.
Approved
BankStar Financial, Elkton, SD to relocate a branch bank from 427 8th Street, Brookings, SD to 1301 6th Street, Brookings, SD. Pending
Home Federal Bank, Sioux Falls, SD to relocate a branch bank from 1024 6th Street, Brookings, SD to 1302 6th Street, Brookings, SD.
Pending
Home Federal Bank, Sioux Falls, SD to relocate a branch bank from 900 E. Main, Suite 101, Marshall, MN to 1418 College Drive East, Marshall, MN. Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in June are as follows:
Money Lending 
1
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender 
2
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
45
Licenses cancelled in June are as follows: 
Money Lending 
6
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
2
Current number of active licenses:    
Money Lending 
444
Money Transmitter
60
Mortgage Brokerage
14
Mortgage Lender
231
NR Mortgage Lender for Insurance Company
31
Mortgage Loan Originator
1,846
Total
2,626
May 2015
Trusts

CLA Trust Company, LLC to establish, a nondepository public trust company, at 201 S. Phillips Avenue, Suite 132, Sioux Falls, SD  57104. 

Approved
BTC Trust Company to establish, a nondepository public trust company,
at 5032 South Bur Oak Place, Suite 131A Sioux Falls, SD 57108
Pending
Banks
First Bank & Trust Brookings, SD to merge First Bank & Trust,National Association, Pipestone, Minnesota and First Bank & Trust of Milbank SD, 56164 with and into First Bank & Trust, Brookings, SD. 57252 Approved
Farmer State Bank of Parkston, SD to merge Fulton State Bank, SD 57340 with and into Farmer State Bank of Parkston, SD Pending

Home Federal Sioux Falls, SD to establish a branch office at 5675 26th Avenue, South Suite 156, Fargo ND 58104.

Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in May are as follows:
Money Lending 
17
Money Transmitter
0
Mortgage Brokerage
1
Mortgage Lender 
53
Non-Residential Mortgage Lender
1
Mortgage Loan Originator
112
Licenses cancelled in May are as follows: 
Money Lending 
1
Money Transmitter
0
Mortgage Brokerage
2
Mortgage Lender
0
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
0
Current number of active licenses:    
Money Lending 
449
Money Transmitter
60
Mortgage Brokerage
14
Mortgage Lender
230
NR Mortgage Lender for Insurance Company
31
Mortgage Loan Originator
1,803
Total
2,587
April 2015
Trusts
Old Mission Trust Company, LLC to establish, a Trust Service Office at 880 Munson Avenue, Suite B, Traverse City, MI 49686.
Approved

CLA Trust Company, LLC to establish, a nondepository public trust company, at 201 S. Phillips Avenue, Suite 132, Sioux Falls, SD  57104. 

Approved
Banks

Plains Commerce Bank Hoven, SD to establish, a branch bank at 1130 Burr Street Suite 100 Mitchell, SD 57301

Approved
1st Financial Bank USA, Dakota Dunes, SD to establish, a loan production office at 5929 S. Mogen Avenue Sioux Falls, SD 57108. Approved
First Bank & Trust Brookings, SD to merge First Bank & Trust,National Association, Pipestone, Minnesota and First Bank & Trust of Milbank SD, 56164 with and into First Bank & Trust, Brookings, SD. 57252 Approved
Farmer State Bank of Parkston, SD to merge Fulton State Bank, SD 57340 with and into Farmer State Bank of Parkston, SD Pending

Home Federal Sioux Falls, SD to establish a branch office at 5675 26th Avenue, South Suite 156, Fargo ND 58104.

Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in April are as follows:
Money Lending 
2
Money Transmitter
2
Mortgage Brokerage
0
Mortgage Lender 
5
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
86
Licenses cancelled in April are as follows: 
Money Lending 
3
Money Transmitter
1
Mortgage Brokerage
0
Mortgage Lender
0
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
4
Current number of active licenses:    
Money Lending 
432
Money Transmitter
60
Mortgage Brokerage
15
Mortgage Lender
227
NR Mortgage Lender for Insurance Company
31
Mortgage Loan Originator
1,686
Total
2,451
March 2015
Trusts
Maroon Private Trust Company, LLC-Application to establish a non-depository private trust at 101 S Reid Street, Suite 307, (Office 319 - Maroon) Sioux Falls SD 57103
Approved
UDQ Private Trust Company, LLC-Application to establish a non-depository private trust at 101 S Reid Street, Suite 307, (Office 320 UDQ) Sioux Falls SD 57103 Approved
Banks
First Bank & Trust, Brookings, South Dakota, to merge First Bank & Trust of Milbank, Milbank, South Dakota, and First Bank & Trust, National Association, Pipestone, Minnesota, with and into First Bank & Trust, Brookings. Pending
1st Financial Bank USA, Dakota Dunes, South Dakota to Establish a Loan Production Office at 5929 S. Mogen Avenue, Sioux Falls, South Dakota. Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in March are as follows:
Money Lending 
6
Money Transmitter
1
Mortgage Brokerage
0
Mortgage Lender 
1
Non-Residential Mortgage Lender
3
Mortgage Loan Originator
50
Licenses cancelled in March are as follows: 
Money Lending 
0
Money Transmitter
2
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
1
Current number of active licenses:    
Money Lending 
433
Money Transmitter
59
Mortgage Brokerage
15
Mortgage Lender
222
NR Mortgage Lender for Insurance Company
31
Mortgage Loan Originator
1,581
Total
2,341
February 2015
Trusts
Maroon Private Trust Company, LLC-Application to establish a non-depository private trust at 101 S Reid Street, Suite 307, (Office 319 - Maroon) Sioux Falls SD 57103
Pending
UDQ Private Trust Company, LLC-Application to establish a non-depository private trust at 101 S Reid Street, Suite 307, (Office 320 UDQ) Sioux Falls SD 57103 Pending
Banks
No bank applications currently pending  
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in February are as follows:
Money Lending 
1
Money Transmitter
1
Mortgage Brokerage
0
Mortgage Lender 
0
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
20
Licenses cancelled in February are as follows: 
Money Lending 
1
Money Transmitter
1
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
20
Current number of active licenses:    
Money Lending 
423
Money Transmitter
60
Mortgage Brokerage
15
Mortgage Lender
221
NR Mortgage Lender for Insurance Company
28
Mortgage Loan Originator
1,528
Total
2,254
January 2015
Trusts
Meristem Trust Company, LLC-Application to establish a non-depository public trust at 201 South Phillips Avenue, Suite 131, Sioux Falls SD 57104
Pending
Banks
American State Bank Oldham - Application for Change in Control by Frank L Farrar.
Approved
Home Federal Bank - Conversion from a Federally Chartered Saving Association to a South Dakota State Chartered Bank.
Approved
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in January are as follows:
Money Lending 
3
Money Transmitter
2
Mortgage Brokerage
0
Mortgage Lender 
2
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
56
Licenses cancelled in January are as follows: 
Money Lending 
5
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
0
Non-Residential Mortgage Lender
1
Mortgage Loan Originator
402
Current number of active licenses:    
Money Lending 
422
Money Transmitter
59
Mortgage Brokerage
16
Mortgage Lender
221
NR Mortgage Lender for Insurance Company
28
Mortgage Loan Originator
1,508
Total
2,254
December 2014
Trusts
Meristem Trust Company, LLC-Application to establish a non-depository public trust at 201 South Phillips Avenue, Suite 131, Sioux Falls SD 57104
Pending
Banks
American State Bank Oldham - Application for Change in Control by Frank L Farrar.
Approved
Home Federal Bank - Conversion from a Federally Chartered Saving Association to a South Dakota State Chartered Bank.
Approved
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in December are as follows:
Money Lending 
2
Money Transmitter
1
Mortgage Brokerage
1
Mortgage Lender 
2
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
26
Licenses cancelled in December are as follows: 
Money Lending 
0
Money Transmitter
0
Mortgage Brokerage
1
Mortgage Lender
3
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
12
Current number of active licenses:    
Money Lending 
419
Money Transmitter
57
Mortgage Brokerage
16
Mortgage Lender
225
NR Mortgage Lender for Insurance Company
29
Mortgage Loan Originator
1,851
Total
2,597

November 2014

Trusts
Dakota Guardian Public Trust Company LLC, to establish a trust service office at 321 South 9th Street, Suite 101, Lincoln, Nebraska, and at 9300 Underwood Avenue, #100, Omaha, Nebraska 68114.
Pending
Banks
American State Bank Oldham - Application for Change in Control by Frank L Farrar.
Pending
Home Federal Bank - Conversion from Federally Chartered Saving Association to a South Dakota State Chartered Bank.
Approved
First Bank & Trust Brookings, to establish a loan production office at 611 6th Street, Brookings, SD 57006
Pending
Farmers State Bank - Application to relocate a branch bank from 100 S. Main to 27600 SD Highway 19, Suite 102, Parker, SD 57053
Approved
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in November are as follows:
Money Lending 
1
Money Transmitter
1
Mortgage Brokerage
0
Mortgage Lender 
4
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
58
Licenses cancelled in November are as follows: 
Money Lending 
0
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
2
Mortgage Loan Originator
8
Current number of active licenses:    
Money Lending 
417
Money Transmitter
56
Mortgage Brokerage
16
Mortgage Lender
226
NR Mortgage Lender for Insurance Company
29
Mortgage Loan Originator
1,850
Total
2,594
October 2014
Trusts
Sageworth Trust Company of South Dakota, LLC. - Application to establish a non-depository public trust at 300 South Phillips Avenue, Suite 206, Sioux Falls, SD 57104
Approved
Banks
American State Bank Oldham - Application for Change in Control by Frank L Farrar.
Pending
Home Federal Bank - Conversion from Federally Chartered Saving Association to a South Dakota State Chartered Bank.
Approved
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in October are as follows:
Money Lending 
8
Money Transmitter
1
Mortgage Brokerage
0
Mortgage Lender 
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
21
Licenses cancelled in October are as follows: 
Money Lending 
0
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
0
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
5
Current number of active licenses:    
Money Lending 
416
Money Transmitter
56
Mortgage Brokerage
16
Mortgage Lender
254
NR Mortgage Lender for Insurance Company
30
Mortgage Loan Originator
1,787
Total
2,559
September 2014
Trusts
Trident Trust Company (South Dakota) Inc. - to non-depository public trust at 200 North Phillips Avenue, Suite 301, Sioux Falls, SD 57401
Approved
Corundum Trust Company, LLC a conversion from LLC to a Corporation.
Approved
Beneco Trust Company, LLC to establish a Trust Service Office at 9089 East Bahia Drive, Suite 100, Scottsdale, AZ 85260
Approved
Summer Street Trust Company, LLC. To non-depository private trust company at 201 South Philips Avenue, Suite 130, Sioux Falls, SD 57104
Approved
Sageworth Trust Company of South Dakota, LLC. - to non-depository public trust at 300 South Phillips Avenue, Suite 206, Sioux Falls, SD 57104
Pending
Banks
American State Bank Oldham - Application for Change in Control by Frank L Farrar.
Pending
Great Western Bank - Application to establish a branch bank in Greeley Colorado.
Approved
Home Federal Bank - Conversion from Federally Chartered Saving Association to a South Dakota State Chartered Bank.
Approved
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in September are as follows:
Money Lending 
4
Money Transmitter
0
Mortgage Brokerage
2
Mortgage Lender 
4
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
40
Licenses cancelled in September are as follows: 
Money Lending 
2
Money Transmitter
1
Mortgage Brokerage
0
Mortgage Lender
4
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
3
Current number of active licenses:    
Money Lending 
447
Money Transmitter
55
Mortgage Brokerage
16
Mortgage Lender
223
NR Mortgage Lender for Insurance Company
30
Mortgage Loan Originator
1,768
Total
2,539
August 2014
Trusts
James R. Wefso, Gregory A. Hunter, Robert Wentz, Thomas C. Smith, John L. Decker Jr., and Todd W. Peterson to establish Dakota Guardian Trust Company, LLC, a non-depository public trust company, at 805 5th Street, Rapid City SD 57701
Approved
Pierce McDowell III, David Peterson and Matthew Tobin to establish Summer Street Trust Company, LLC, a non-depository private trust company, at 201 S. Phillips Avenue, Suite 130, Sioux Falls, SD 57104.
Approved
Corundum Trust Company, LLC a conversion from LLC to a Corporation.
Pending
Beneco Trust Company, LLC to establish a Trust Service Office at 9089 East Bahia Drive, Suite 100, Scottsdale, AZ 85260
Pending
Summer Street Trust Company, LLC. To non-depository private trust company at 201 South Philips Avenue, Suite 130, Sioux Falls, SD 57104
Pending
Banks
First State Bank of Roscoe - Application of relocate from 201 N Mitchell Street, Roscoe, South Dakota to 202 N Mitchell Street, Roscoe, South Dakota
Approved
American State Bank Oldham - Application for Change in Control by Frank L Farrar.
Pending
Great Western Bank - Application to establish a branch bank in Greeley Colorado.
Pending
Home Federal Bank to Conversion from Federally Chartered Saving Association to a South Dakota State Chartered Bank.
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in August are as follows:
Money Lending 
6
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender 
8
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
42
Licenses cancelled in August are as follows: 
Money Lending 
1
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
6
Current number of active licenses:    
Money Lending 
426
Money Transmitter
56
Mortgage Brokerage
14
Mortgage Lender
205
NR Mortgage Lender for Insurance Company
30
Mortgage Loan Originator
727
Total
2,472
July 2014
Trusts
James R. Wefso, Gregory A. Hunter, Robert Wentz, Thomas C. Smith, John L. Decker Jr., and Todd W. Peterson to establish Dakota Guardian Trust Company, LLC, a non-depository public trust company, at 805 5th Street, Rapid City SD 57701
Approved
Pierce McDowell III, David Peterson and Matthew Tobin to establish Summer Street Trust Company, LLC, a non-depository private trust company, at 201 S. Phillips Avenue, Suite 130, Sioux Falls, SD 57104.
Approved
Jeff Jones, Jennifer Benson and Bonny Hansen to establish FNN Trust Company South Dakota, LLC, a Non-depository Public Trust Company, at 210 North Lawler, Mitchell, South Dakota 57301, and a Trust Service office at 70 2nd Street Southwest, Huron, South Dakota 57350.
Approved
Corundum Trust Company, LLC a conversion from LLC to a Corporation.
Approved
Beneco Trust Company, LLC to establish a Trust Service Office at 9089 East Bahia Drive, Suite 100, Scottsdale, AZ 85260
Pending
Banks
First State Bank of Roscoe - Application of relocate from 201 N Mitchell Street, Roscoe, South Dakota to 202 N Mitchell Street, Roscoe, South Dakota
Approved
American State Bank Oldham - Application for Change in Control by Frank L Farrar.
Pending
Great Western Bank - Application to establish a branch bank in Greeley Colorado.
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in July are as follows:
Money Lending 
8
Money Transmitter
3
Mortgage Brokerage
0
Mortgage Lender 
4
Non-Residential Mortgage Lender
3
Mortgage Loan Originator
50
Licenses cancelled in July are as follows: 
Money Lending 
7
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
2
Mortgage Loan Originator
17
Current number of active licenses:    
Money Lending 
399
Money Transmitter
56
Mortgage Brokerage
14
Mortgage Lender
214
NR Mortgage Lender for Insurance Company
30
Mortgage Loan Originator
1,683
Total
2,396
June 2014
Trusts
South Dakota Trust Company, LLC to establish a trust service office at 4020 Jackson Boulevard, Suite 1, Rapid City, South Dakota
Approved
Jeff Jones, Jennifer Benson and Bonny Hansen to establish First Trust Company South Dakota, LLC, a non-depository public trust company, at 210 North Lawler, Mitchell, South Dakota 57301, and a trust service office at 70 2nd Street Southwest, Huron, South Dakota 57350
Approved
Expedition Trust Company to establish a trust service office 310 4th Street NE, Suite 102, Charlottesville, VA 22903
Approved
James R. Wefso, Gregory A. Hunter, Robert Wentz, Thomas C. Smith, John L. Decker Jr., and Todd W. Peterson to establish Dakota Guardian Trust Company, LLC, a non-depository public trust company, at 805 5th Street, Rapid City SD 57701
Pending
Pierce McDowell III, David Peterson and Matthew Tobin to establish Summer Street Trust Company, LLC, a non-depository private trust company, at 201 S. Phillips Avenue, Suite 130, Sioux Falls, SD 57104.
Pending
Beneco Trust Company, LLC to establish a Trust Service Office at 9089 East Bahia Drive, Suite 100, Scottsdale, AZ 85260
Pending
Banks
First State Bank of Roscoe - Application of relocate from 201 N Mitchell Street, Roscoe, South Dakota to 202 N Mitchell Street, Roscoe, South Dakota
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in June are as follows:
Money Lending 
6
Money Transmitter
8
Mortgage Brokerage
0
Mortgage Lender 
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
21
Licenses cancelled in June are as follows: 
Money Lending 
10
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
1
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
35
Current number of active licenses:    
Money Lending 
354
Money Transmitter
51
Mortgage Brokerage
14
Mortgage Lender
220
NR Mortgage Lender for Insurance Company
30
Mortgage Loan Originator
1,674
Total
2,257
May 2014
Trusts
PAI Trust Company, Inc. – Application to relocate from 300 South Phillips Avenue, Suite 202, Sioux Falls, South Dakota to 3904 West Technology Circle, Suite 104, Sioux Falls, South Dakota
Approved
South Dakota Trust Company, LLC to establish a trust service office at 4020 Jackson Boulevard, Suite 1, Rapid City, South Dakota
Pending
Jeff Jones, Jennifer Benson and Bonny Hansen to establish First Trust Company South Dakota, LLC, a non-depository public trust company, at 210 North Lawler, Mitchell, South Dakota, and a trust service office at 70 2nd Street Southwest, Huron, South Dakota
Pending
Expedition Trust Company to establish a trust service office 310 4th Street NE, Suite 102, Charlottesville, VA
Pending
Banks
No activity to report.  
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in May are as follows:
Money Lending 
4
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender 
4
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
67
Licenses cancelled in May are as follows: 
Money Lending 
1
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
0
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
41
Current number of active licenses:    
Money Lending 
401
Money Transmitter
51
Mortgage Brokerage
14
Mortgage Lender
241
NR Mortgage Lender for Insurance Company
10
Mortgage Loan Originator
1,540
Total
2,257
April 2014
Trusts
PAI Trust Company, Inc. – Application to relocate from 300 South Phillips Avenue, Suite 202, Sioux Falls, South Dakota to 3904 West Technology Circle, Suite 104, Sioux Falls, South Dakota
Pending
Banks
No activity to report.  
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in April are as follows:
Money Lending 
2
Money Transmitter
0
Mortgage Brokerage
1
Mortgage Lender 
6
Non-Residential Mortgage Lender
5
Mortgage Loan Originator
97
Licenses cancelled in April are as follows: 
Money Lending 
3
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
0
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
45
Current number of active licenses:    
Money Lending 
398
Money Transmitter
51
Mortgage Brokerage
14
Mortgage Lender
207
NR Mortgage Lender for Insurance Company
30
Mortgage Loan Originator
1,510
Total
2,210
March 2014
Trusts
   
Banks
American Bank & Trust, Wessington Springs, SD to merge with and into American State Bank, Pierre, SD
Approved
March 10, 2014
Great Western Bank, Watertown, SD to establish a branch bank at 600 Pierce Street, Sioux City, Iowa
Approved
March 20, 2014
BankStar Financial, Elkton, SD to merge First National Bank of Volga, SD with and into BankStar Financial, Elkton, SD with BankStar Financial as the surviving institution and to consolidate two Brookings locations into one location at 427 8th Street South, Brookings, SD
Approved
March 17, 2014
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in March are as follows:
Money Lending 
3
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender 
2
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
112
Licenses cancelled in March are as follows: 
Money Lending 
0
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
0
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
1
Current number of active licenses:    
Money Lending 
400
Money Transmitter
51
Mortgage Brokerage
13
Mortgage Lender
201
NR Mortgage Lender for Insurance Company
25
Mortgage Loan Originator
1,462
Total
2,152
February 2014
Trusts
Mariner Trust Company, LLC – Application to establish a Trust Service Office at 4200 West 115th Street, Suite 100, Leawood, KS
Approved
February 18, 2014
Banks
Plains Commerce Bank – Application to establish a branch bank in Bismarck, ND
Approved
February 4, 2014
American Bank & Trust, Wessington Springs, SD to merge with and into American State Bank, Pierre, SD
Pending
Great Western Bank, Watertown, SD to establish a branch bank at 600 Pierce Street, Sioux City, Iowa
Pending
BankStar Financial, Elkton, SD to merge First National Bank of Volga, SD with and into BankStar Financial, Elkton, SD with BankStar Financial as the surviving institution and to consolidate two Brookings locations into one location at 427 8th Street South, Brookings, SD
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in February are as follows:
Money Lending 
5
Money Transmitter
2
Mortgage Brokerage
0
Mortgage Lender 
2
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
30
Licenses cancelled in February are as follows: 
Money Lending 
1
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
0
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
2
Current number of active licenses:    
Money Lending 
397
Money Transmitter
51
Mortgage Brokerage
13
Mortgage Lender
199
NR Mortgage Lender for Insurance Company
25
Mortgage Loan Originator
1,350
Total
2,035
January 2014
Trusts
Dorsey & Whitney Trust Company LLC - Application to establish a Trust Service Office at 305 Lytton Avenue, Palo Alto, California
Approved
January 15, 2014
Expedition Trust Company - Application to establish a non-depository public trust company at 330 S. Poplar Avenue, Suite 103-K, Pierre, SD
Approved
January 16, 2014
Hamilton Trust Company of South Dakota LLC - Application to establish a non-depository public trust company at 201 S. Phillips Ave., Suite 124, Sioux Falls, SD
Approved
January 21, 2014
MadisonTrust Company, Inc. – Application to establish a non-depository public trust company at 401 East 8th Street, Suite 200P, Sioux Falls, SD
Approved
January 23, 2014
Sterling Trustees, LLC – Application to relocate from 201 S. Philips Avenue, Suite 222, Sioux Falls, SD to 101 S. Main Street, Suite 310, Sioux Falls, SD
Approved
January 24, 2014
Mariner Trust Company, LLC – Application to establish a Trust Service Office at 4200 West 115th Street, Suite 100, Leawood, KS
Pending
Banks
First Bank & Trust, Sioux Falls - Application to establish a loan production office at 1400 Washington Avenue North, Madison, SD
Approved
January 7, 2014
1st Financial Bank USA - Application to establish a loan production office at 55 East 59th Street, Floor 6, New York, NY
Approved
January 6, 2014
Minnwest Bank, M.V. Redwood Falls, Minnesota - Application to merge Minnwest Bank Sioux Falls, Sioux Falls, South Dakota with and into Minnwest Bank, M.V., Redwood Falls, Minnesota
Approved
January 15, 2014
Plains Commerce Bank – Application to establish a branch bank in Bismarck, ND
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in January are as follows:
Money Lending 
0
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender 
6
Non-Residential Mortgage Lender
1
Mortgage Loan Originator
71
Licenses cancelled in January are as follows: 
Money Lending 
2
Money Transmitter
1
Mortgage Brokerage
4
Mortgage Lender
7
Non-Residential Mortgage Lender
2
Mortgage Loan Originator
312
Current number of active licenses:    
Money Lending 
395
Money Transmitter
48
Mortgage Brokerage
13
Mortgage Lender
197
NR Mortgage Lender for Insurance Company
25
Mortgage Loan Originator
1,322
Total
2,000

See also Annual Reports on our "About Us" Web page.

 


 

 


Marcia Hultman, Secretary
700 Governors Drive
Pierre, SD 57501-2291
Tel. 605.773.3101
Fax. 605.773.6184