Marcia Hultman

Cabinet Secretary

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Banking

Monthly Activity Reports - 2017

The South Dakota Division of Banking updates this report monthly to provide information on the applications filed with the South Dakota Division of Banking and/or State Banking Commission and action taken on each application. This information will be compiled and updated monthly, unless there is no activity within that month. This data is for information purposes only and does not constitute legal notice of an application.

May 2017
Banks
Security Savings Bank, Canton, SD Application to establish a branch bank at 2331 East 10th Street, Sioux Falls, SD.
Approved May 4, 2017
Great Western Bank, Watertown, SD Application to relocate main office to 225 S. Main Ave., Sioux Falls, SD. Approved May 31, 2017
First State Bank of Warner, Warner, SD Application to change control of First State Bank Warner 2 W. Main St., Warner, SD. Pending
Trusts
Generations Trust Company – Application to establish a nondepository private trust company at 300 N. Dakota Ave., Suite 305B, Sioux Falls, SD.
Approved May 31, 2017
NuView Trust Company - Application to establish a nondepository public trust company at 330 S. Poplar Avenue, Suite 103-M, Pierre, SD. Approved May 4, 2017
First Capital Surety & Trust Company - Application to establish a Trust Service Office at 4701 Cox Road, Suite 285, Glen Allen, VA. Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in May are as follows:
Money Lending  11
Money Transmitter 2
Mortgage Brokerage 1
Mortgage Lender  6
Non-Residential Mortgage Lender 2
Mortgage Loan Originator 102
Licenses cancelled in May are as follows: 
Money Lending  2
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender 2
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 4
Current number of active licenses May
Money Lending  399
Money Transmitter 86
Mortgage Brokerage 19
Mortgage Lender 256
NR Mortgage Lender for Insurance Company 38
Mortgage Loan Originator 2,881
Total 3,679
April 2017
Banks
Security State Bank, Tyndall, SD Application to establish a loan production office at 100 W. Blaine Avenue, Viborg, SD.
Approved
03/06/2017
American Bank & Trust, Wessington Springs, SD Application to close a branch bank at 6216 South Pinnacle Place, Sioux Falls, SD 57108 Approved
04/10/2017
Security Savings Bank, Canton, SD Application to establish a branch bank at 2331 East 10th Street, Sioux Falls, SD. Pending
Great Western Bank, Watertown, SD Application to relocate main office to 225 S. Main Ave., Sioux Falls, SD 57104. Pending
First State Bank of Warner, Warner, SD Application to change control of First State Bank Warner 2 W. Main St., Warner, SD 57479. Pending
Trusts
Pai Trust Company, Inc. - Application to establish a Trust Service Office at 1300 Enterprise Drive, De Pere, WI.
Approved
03/01/2017
Next Generation Trust Company – Application to establish a nondepository public trust company at 401 East 8th Street, Suite 200H, Sioux Falls, SD. Approved
03/07/2017
Bridgeford Trust Company - Application to establish a Trust Service Office at 101 South Reid Street, Suite 307, Sioux Falls, SD. Approved
04/13/2017
Cornerstone Private Asset Trust Company - Application to establish a Trust Service Office at 4470 W. 78th St. Circle, Suite 200, Bloomington, MN.
Approved
04/19/2017
International Chemical Overseas Trust Company – Application to establish a nondepository private trust company at 201 South Phillips Ave, Suite 144, Sioux Falls, SD
Approved
04/272017
NuView Trust Company - Application to establish a nondepository public trust company at 330 S. Poplar Avenue, Suite 103-M, Pierre, SD
Pending
First Capital Surety & Trust Company - Application to establish a Trust Service Office at 4701 Cox Road, Suite 285, Glen Allen, VA.
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 0
Mortgage Brokerage 1
Mortgage Lender  0
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 168
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 2
Current number of active licenses April
Money Lending  390
Money Transmitter 84
Mortgage Brokerage 18
Mortgage Lender 252
NR Mortgage Lender for Insurance Company 36
Mortgage Loan Originator 2,778
Total 3,558
March 2017
Banks
Security State Bank, Tyndall, SD Application to establish a loan production office at 100 W. Blaine Avenue, Viborg, SD.
Pending
Security Savings Bank, Canton, SD Application to establish a branch bank at 2331 East 10th Street, Sioux Falls, SD. Pending
Trusts
Next Generation Trust Company – Application to establish a nondepository public trust company at 401 East 8th Street, Suite 200H, Sioux Falls, SD. Pending
NuView Trust Company - Application to establish a nondepository public trust company at 330 S. Poplar Avenue, Suite 103-M, Pierre, SD
Pending
International Chemical Overseas Trust Company – Application to establish a nondepository private trust company at 201 South Phillips Ave, Suite 144, Sioux Falls, SD
Pending
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 March are as follows:
Money Lending  7
Money Transmitter 3
Mortgage Brokerage 0
Mortgage Lender  3
Non-Residential Mortgage Lender 2
Mortgage Loan Originator 153
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 4
Current number of active licenses March
Money Lending  391
Money Transmitter 84
Mortgage Brokerage 17
Mortgage Lender 252
NR Mortgage Lender for Insurance Company 36
Mortgage Loan Originator 2,612
Total 3,392
February 2017
Banks
Security State Bank, Tyndall, SD Application to establish a loan production office at 100 W. Blaine Avenue, Viborg, SD. Pending
Security Savings Bank, Canton, SD Application to establish a branch bank at 2331 East 10th Street, Sioux Falls, SD. Pending
Trusts
Midland Trust Company – Application to establish a nondepository public trust company at 101 South Reid Street, Suite 307, Office 351, Sioux Falls, SD. February 24, 2017
Approved
PenChecks Trust Company of America – Application for Change of Address from 401 East 8th Street, Suite 200L, Sioux Falls, SD to 2010 South Phillips Avenue Suite 204, Sioux Falls, SD. February 17, 2017
Approved
First Lawyers Trust Company LLC – Application to Change name from First Lawyers Trust Company LLC to First Trust Company, LLC. February 9, 2017
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
Pai Trust Company, Inc. - Application to establish a Trust Service Office at 1300 Enterprise Drive, De Pere, WI.
Pending
Next Generation Trust Company – Application to establish a nondepository public trust company at 401 East 8th Street, Suite 200H, Sioux Falls, SD.
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in February are as follows:
Money Lending  6
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender  1
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 55
Licenses cancelled in February are as follows: 
Money Lending  6
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender 1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 2
Current number of active licenses February
Money Lending  386
Money Transmitter 82
Mortgage Brokerage 17
Mortgage Lender 250
NR Mortgage Lender for Insurance Company 34
Mortgage Loan Originator 2,467
Total 3,236
January 2017
Banks
Great Western Bank, Watertown, SD – Application to establish a branch bank at 3002 N. Campbell, Tucson, AZ.
Approved
01/23/2017
BankWest, Pierre, SD – Application to establish a loan production office at 1140 N. Main, St., Suite 10, Spearfish, SD.
Approved 01/13/2017
Security State Bank, Tyndall, SD Application to establish a loan production office at 100 W. Blaine Avenue, Viborg, 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
Next Generation Trust Company – Application to establish a nondepository public trust company at 401 East 8th Street, Suite 200H, Sioux Falls, SD. Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in January are as follows:
Money Lending  8
Money Transmitter 2
Mortgage Brokerage 0
Mortgage Lender  0
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 165
Licenses cancelled in January are as follows: 
Money Lending  90
Money Transmitter 1
Mortgage Brokerage 1
Mortgage Lender 3
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 737
Current number of active licenses January
Money Lending  386
Money Transmitter 82
Mortgage Brokerage 17
Mortgage Lender 250
NR Mortgage Lender for Insurance Company 33
Mortgage Loan Originator 2,410
Total 3,178

See the Monthly Activity Report Archive for prior years.