Marcia Hultman

Cabinet Secretary

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Banking

Monthly Activity Reports - 2016

 

December 2016
Banks
American Bank & Trust, Wessington Springs, SD – Application to establish a branch bank at 200 East 10th Street, Sioux Falls, SD. Approved 12/02/2016
American Bank & Trust, Wessington Springs, SD – Application to establish a branch bank at 3405 South Sycamore Avenue, Sioux Falls, SD. Approved 12/02/2016
Great Western Bank, Watertown, SD – Application to establish a branch bank at 3002 N. Campbell, Tucson, AZ Pending
BankWest, Pierre, SD – Application to establish a loan production office at 1140 N. Main, St., Suite 10, Spearfish, SD Pending
Trusts
Bridgeford Trust Company - Application to establish a Trust Service Office at 101 South Reid Street, Suite 307, Sioux Falls, SD.
Pending
Cornerstone Private Asset Trust Company - Application to establish a Trust Service Office at 4470 W. 78th St. Circle, Suite 200, Bloomington, MN. Pending
First Capital Surety & Trust Company, - Application to establish a Trust Service Office at 4701 Cox Road, Suite 285, Glen Allen, VA. Pending
Pai Trust Company, Inc. - Application to establish a Trust Service Office at 1300 Enterprise Drive, De Pere, WI. Pending
Midland Trust Company – Application to establish a nondepository public trust company at 101 South Reid Street, Suite 307, Office 351, Sioux Falls, SD. Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in December are as follows:
Money Lending  6
Money Transmitter 2
Mortgage Brokerage 0
Mortgage Lender  1
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 53
Licenses cancelled in December are as follows: 
Money Lending  17
Money Transmitter 1
Mortgage Brokerage 1
Mortgage Lender 0
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 15
Current number of active licenses December
Money Lending  467
Money Transmitter 82
Mortgage Brokerage 17
Mortgage Lender 251
NR Mortgage Lender for Insurance Company 35
Mortgage Loan Originator 2,287
Total 3,139
November 2016
Banks
First Bank & Trust, Sioux Falls, SD - Application to establish a branch bank at 500 S. Highline Place, Sioux Falls, SD Approved 11/04/2016
American Bank & Trust, Wessington Springs, SD – Application to establish a branch bank at 200 East 10th Street, Sioux Falls, SD. Pending
American Bank & Trust, Wessington Springs, SD – Application to establish a branch bank at 3405 South Sycamore Avenue, Sioux Falls, SD. Pending
Trusts
IJ Trust Company, - Application to establish a Trust Service Office at 101 Hudson Street, Suite 21095, Jersey City, NJ.
Approved 11/08/2016
Bridgeford Trust Company - Application to establish a Trust Service Office at 101 South Reid Street, Suite 307, Sioux Falls, SD. Pending
Cornerstone Private Asset Trust Company - Application to establish a Trust Service Office at 4470 W. 78th St. Circle, Suite 200, Bloomington, MN. Pending
First Capital Surety & Trust Company, - Application to establish a Trust Service Office at 4701 Cox Road, Suite 285, Glen Allen, VA. Pending
Pai Trust Company, Inc. - Application to establish a Trust Service Office at 1300 Enterprise Drive, De Pere, WI. Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in November are as follows:
Money Lending  5
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender  5
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 162
Licenses cancelled in November are as follows: 
Money Lending  11
Money Transmitter 0
Mortgage Brokerage 1
Mortgage Lender 1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 15
Current number of active licenses November
Money Lending  479
Money Transmitter 81
Mortgage Brokerage 18
Mortgage Lender 252
NR Mortgage Lender for Insurance Company 35
Mortgage Loan Originator 2,940
Total 3,805
October 2016
Banks
Great Western Bank, Watertown, SD - Application to relocate branch bank at 6015 N. W. Radial Hwy, Omaha, NE to 6001 N.W. Radial Hwy, Omaha, NE Approved
First Bank & Trust, Sioux Falls, SD - Application to establish a branch bank at 500 S. Highline Place, Sioux Falls, SD Pending
American Bank & Trust, Wessington Springs, SD – Application to establish a branch bank at 200 East 10th Street, Sioux Falls, SD Pending
American Bank & Trust, Wessington Springs, SD – Application to establish a branch bank at 3405 South Sycamore Avenue, Sioux Falls, SD Pending
Trusts
KENDRIS TRUSTEES (USA) LLC - Application to establish a public trust company at 201 S. Phillips Ave., Suite 139, Sioux Falls, SD
Approved
JTC TRUSTREES (USA) LTD – Application to establish a public trust company at 201 S. Phillips Ave., Suite 140, Sioux Falls, SD Approved
Bridgeford Trust Company - Application to establish a Trust Service Office at 101 South Reid Street, Suite 307, Sioux Falls, SD Pending
Cornerstone Private Asset Trust Company - Application to establish a Trust Service Office at 4470 W. 78th St. Circle, Suite 200, Bloomington, MN Pending
First Capital Surety & Trust Company, - Application to establish a Trust Service Office at 4701 Cox Road, Suite 285, Glen Allen, VA Pending
IJ Trust Company, - Application to establish a Trust Service Office at 101 Hudson Street, Suite 21095, Jersey City, NJ Pending
Pai Trust Company, Inc. - Application to establish a Trust Service Office at 1300 Enterprise Drive, De Pere, WI Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in October are as follows:
Money Lending  0
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender  0
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 61
Licenses cancelled in October are as follows: 
Money Lending  6
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender 1
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 8
Current number of active licenses October
Money Lending  485
Money Transmitter 80
Mortgage Brokerage 19
Mortgage Lender 251
NR Mortgage Lender for Insurance Company 35
Mortgage Loan Originator 2,812
Total 3,682
September 2016
Banks
Application of First Bank & Trust (Sioux Falls) to open a branch bank at 500 S. Highline Place, Sioux Falls, SD 57110 Pending
Application of Great Western Bank to relocate branch bank at 6015 N. W. Radial Hwy, Omaha, NE to 6001 N.W. Radial Hwy, Omaha, NE Pending
Trusts
Application of JTC TRUSTESS (USA) LTD. to establish a public trust office at 201 S. Phillips Ave., Suite 140, Sioux Falls, SD 57104
Approved
Application of Alta Trust Company to relocate Trust Serive Office from 10375 Park Meadwos Drive, Suite 525, Lone Tree, CO to 9380 Station Street, Suite 450, Lone Tree, CO Approved
Application of KENDRIS TRUSTEES (USA) LLC. to establish a public trust office at 201 S. Phillips Ave., Suite 139, Sioux Falls, SD 57104 Pending
Application of Bridgeford Trust Company to establish a Trust Service Office at 101 South Reid Street, Suite 307, Sioux Falls, SD Pending
Application of Cornerstone Private Asset Trust Company to establish a Trust Service Office at 4470 W. 78th St. Circle, Suite 200, Bloomington, MN Pending
First Capital Surety & Trust Company to establish a Trust Service Office at 4701 Cox Road, Suite 285, Glen Allen, VA 23060 Pending
Application of IJ Trust Company to establish a Trust Service Office at 101 Hudson Street, Suite 21095, Jersey City, NJ Pending
Pai Trust Company , Inc. to establish a Trust Service Office at 1300 Enterprise Drive, De Pere, WI Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in September are as follows:
Money Lending  2
Money Transmitter 2
Mortgage Brokerage 0
Mortgage Lender  1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 129
Licenses cancelled in September are as follows: 
Money Lending  10
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 1
Current number of active licenses September
Money Lending  486
Money Transmitter 79
Mortgage Brokerage 19
Mortgage Lender 248
NR Mortgage Lender for Insurance Company 34
Mortgage Loan Originator 2,761
Total 3,627
August 2016
Banks
Application of First American State Bank, Oldham, South Dakota to merge First National Bank, Davenport, Iowa with and into First American State Bank, Oldham, South Dakota Approved
Trusts
Application of JTC TRUSTESS (USA) LTD. to establish a public trust office at 201 S. Phillips Ave., Suite 140, Sioux Falls, SD 57104
Pending
Application of KENDRIS TRUSTEES (USA) LLC. to establish a public trust office at 201 S. Phillips Ave., Suite 139, Sioux Falls, SD 57104 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 1
Mortgage Brokerage 2
Mortgage Lender  2
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 85
Licenses cancelled in August are as follows: 
Money Lending  2
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 0
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 12
Current number of active licenses August
Money Lending  495
Money Transmitter 78
Mortgage Brokerage 19
Mortgage Lender 248
NR Mortgage Lender for Insurance Company 34
Mortgage Loan Originator 2,621
Total 3,495
July 2016
Banks
Application of Reliabank, Estelline, South Dakota to open a branch bank at 600 W 86th Street, Sioux Falls, South Dakota 57108 Approved
Application of First American State Bank, Oldham, South Dakota to merge First National Bank, Davenport, Iowa with and into First American State Bank, Oldham, South Dakota Pending
Trusts
Application of First Capital Surety & Trust Company, Sioux Falls, South Dakota to change its name to capital first trust company, Inc. Approved
Application of First Capital Surety & Trust Company to relocate its trust service office from 230 West 12th Street, Suite 402, Milwaukee, WI 53203 to 234 West Florida Street, Suite 400, Milwaukee, WI 53204 Approved
Application of the Kingdom Trust Company to relocate from 4300 South Louise Avenue, Suite 304, Sioux Falls, South Dakota to 4300 South Louise Avenue, Suite 104, Sioux Falls, South Dakota Approved
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in July are as follows:
Money Lending  3
Money Transmitter 2
Mortgage Brokerage 0
Mortgage Lender  3
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 68
Licenses cancelled in July are as follows: 
Money Lending  3
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 0
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 2
Current number of active licenses July
Money Lending  490
Money Transmitter 77
Mortgage Brokerage 17
Mortgage Lender 246
NR Mortgage Lender for Insurance Company 34
Mortgage Loan Originator 2,543
Total 3,407
June 2016
Banks
Application for BankWest Inc., Pierre, South Dakota to merge First State Bank, Armour, South Dakota, with and into BankWest Inc., Pierre, South Dakota
Approved
Application of Reliabank, Estelline, South Dakota to open a branch bank at 600 W 86th Street, Sioux Falls, South Dakota 57108 Pending
Trusts
 
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in June are as follows:
Money Lending  5
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender  0
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 81
Licenses cancelled in June are as follows: 
Money Lending  8
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender 0
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 10
Current number of active licenses June
Money Lending  488
Money Transmitter 75
Mortgage Brokerage 17
Mortgage Lender 243
NR Mortgage Lender for Insurance Company 34
Mortgage Loan Originator 2,477
Total 3,334
May 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
Approved by Banking Commission May 17, 2016
Application for Great Western Bank to merge Home Federal with and into Great Western Bank Approved
Application for Great Western Bank, Watertown to open a Loan Production office at 3325 Utica Ridge Road, Bettendorf, Iowa 52722
Approved
Application for BankWest Inc., Pierre, South Dakota to merge First State Bank, Armour, South Dakota, with and into BankWest Inc., Pierre, South Dakota
Pending
Application of First State Associates Interagency Notice of Change of Control Pending
Trusts
Application of Bluebird Trust Company LLC, to establish a private trust office at 201 S. Phillips Ave, Suite 136, Sioux Falls, SD Approved
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in May are as follows:
Money Lending  2
Money Transmitter 4
Mortgage Brokerage 1
Mortgage Lender  3
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 74
Licenses cancelled in May 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 May
Money Lending  491
Money Transmitter 75
Mortgage Brokerage 17
Mortgage Lender 243
NR Mortgage Lender for Insurance Company 34
Mortgage Loan Originator 2,412
Total 3,272
April 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 held on April 21 awaiting decision.
Application for Great Western Bank, Watertown to open a Loan Production office at 3325 Utica Ridge Road, Bettendorf, Iowa 52722
Pending
Application for BankWest Inc., Pierre, South Dakota to merge First State Bank, Armour, South Dakota, with and into BankWest Inc., Pierre, South Dakota
Pending
Trusts
Application of Bluebird Trust Company LLC, to establish a private trust office at 201 S. Phillips Ave, Suite 136, Sioux Falls, SD Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in April are as follows:
Money Lending  3
Money Transmitter 3
Mortgage Brokerage 1
Mortgage Lender  4
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 109
Licenses cancelled in April are as follows: 
Money Lending  4
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender 0
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 6
Current number of active licenses April
Money Lending  492
Money Transmitter 71
Mortgage Brokerage 16
Mortgage Lender 240
NR Mortgage Lender for Insurance Company 33
Mortgage Loan Originator 2,328
Total 3,180
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

See the Monthly Activity Report Archive for prior years.