Department of Labor and Regulation

Title - Banking

Banking Information for the Consumer

Entities Regulated by the Division of Banking

How to Calculate Insurance Coverage Limits on Deposits

How to File a Complaint Against a Financial Institution

Verify the License of a Financial Institution

Additional Consumer Resources

Entities Regulated by the Division of Banking

The South Dakota Division of Banking regulates not only state chartered banks, but also trust companies, money lenders, mortgage lenders and money transmitters. If you would like to verify that the financial entity you are conducting business with is properly licensed, please view our list of South Dakota state chartered banks (in Adobe .pdf format*).

Who We Regulate

  • State Chartered Banks
  • State Chartered Trust Companies
  • Money Lenders
  • Money Transmitters
  • Mortgage Lenders
  • Mortgage Brokers
  • Mortgage Loan Originators

Who We Do Not Regulate

  • Federal Chartered Banks and Thrifts
  • Credit Unions

How to Calculate Insurance Coverage Limits on Deposits

Deposit insurance is provided by the Federal Deposit Insurance Corporation (FDIC). Limits and rules regarding the calculation and amount of insurable deposits are established by the FDIC. To determine your maximum level of coverage, or if your deposits are fully insured, please refer to the FDIC website.

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Verify the License of a Financial Institution

To verify the company you are researching or doing business with is licensed in the state of South Dakota, click below on the appropriate type of financial service provider.

Money Transmitters

Money Lenders

Mortgage Lenders

Mortgage Brokers

Mortgage Loan Originators

Non-Residential Mortgage Lenders (in Adobe .pdf format)

Additional Consumer Resources

Below are the links to several helpful resources that address a wide range of questions and concerns. These links include consumer resources provided by the South Dakota Division of Banking's federal counterparts in regulation of financial institutions. Additional links are provided for specific resources to help consumers educate themselves in financial products and services. The Consumer Financial Protection Bureau is the newest regulatory agency providing consumer protection across all financial services.

Better Business Bureau
Consumer Financial Protection Bureau
FDIC Consumer Protection Resources
Federal Reserve Consumer Information
Federal Trade Commission Consumer Resources
Federal Trade Commission Complaints
Office of the Comptroller of Currency (OCC)
South Dakota Attorney General

If you cannot find the information you are looking for among the topics listed in the left-hand menu or through one of the options above, please contact us.

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

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