Marcia Hultman

Cabinet Secretary

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Banking

Monthly Activity Reports - 2018

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.

November 2018
Banks
Great Western Bank, Sioux Falls, South Dakota – Application to close a branch bank at 220 Josephine St., Suite 100, Denver, CO Approved 11/01/2018
Great Western Bank, Sioux Falls, South Dakota – Application to close a branch bank at 2700 W. 41st St., Sioux Falls, SD
Approved 11/01/2018
First National Bank, Slayton, Minnesota – Application to merge First State Bank, Oldham, South Dakota with and into First National Bank, Slayton, Minnesota
Approved 11/02/2018
Security State Bank, Canton, South Dakota – Application to acquire by merger Exchange State Bank, Luverne, Minnesota
Pending
Trusts
National Advisors Trust of South Dakota – Application to establish a trust service office at 800 E. 101st Terrace, Suite 300, Kansas City, MO Pending
Roaring Fork Trust Company, Inc – Application to establish a private trust company at 201 S. Phillips Ave., Suite 147, Sioux Falls, SD Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in November
Money Lending  2
Money Transmitter 3
Mortgage Brokerage 0
Mortgage Lender  0
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 13
Licenses canceled in November
Money Lending  8
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 4
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 30
Current number of active licenses in November
Money Lending  411
Money Transmitter 113
Mortgage Brokerage 22
Mortgage Lender 264
NR Mortgage Lender for Insurance Company 40
Mortgage Loan Originator 3,696
Total 4,546
October 2018
Banks
Great Western Bank, Sioux Falls, South Dakota – Application to establish a loan production office in Yuma, Arizona Approved 10/10/2018
Great Western Bank, Sioux Falls,South Dakota – Application to relocate a branch bank from 522 Broad St., Story City, Iowa, to 423 Broad St., Story City, Iowa
Approved 10/11/2018
Great Western Bank, Sioux Falls, South Dakota – Application to close a branch bank at 220 Josephine St., Suite 100, Denver, Colorado
Pending
Great Western Bank, Sioux Falls, South Dakota – Application to close a branch bank at 2700 W. 41st St., Sioux Falls, South Dakota
Pending
First National Bank, Slayton, Minnesota – Application to merge First State Bank, Oldham, South Dakota, with and into First National Bank, Slayton, Minnesota
Pending
Security State Bank, Canton, South Dakota – Application to acquire by merger Exchange State Bank, Luverne, Minnesota
Pending
Trusts
National Advisors Trust of South Dakota – Application to establish a trust service office at 800 E. 101st Terrace, Suite 300, Kansas City, Missouri
Pending
First Capital Surety & Trust Company - Application to establish a Trust Service Office at 4701 Cox Rd., Suite 285, Glen Allen, Virginia.
Pending
Pheasant Paradise Trust Company, LLC – Application to establish a private trust company at 201 S. Phillips Ave., Suite 137, Sioux Falls, South Dakota Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in October
Money Lending  4
Money Transmitter 2
Mortgage Brokerage 2
Mortgage Lender  0
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 58
Licenses canceled in October
Money Lending  0
Money Transmitter 0
Mortgage Brokerage 1
Mortgage Lender 1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 128
Current number of active licenses in October
Money Lending  419
Money Transmitter 111
Mortgage Brokerage 22
Mortgage Lender 266
NR Mortgage Lender for Insurance Company 40
Mortgage Loan Originator 3,714
Total 4,572
September 2018
Banks
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch bank in Denver, Colorado Approved 09/18/2018
Great Western Bank, Sioux Falls, South Dakota – Application to establish a loan production office in Wichita, Kansas
Approved 09/17/2018
Great Western Bank, Sioux Falls, South Dakota – Application to establish a loan production office in Yuma, Arizona
Pending
Minnwest Bank, Redwood Falls, Minnesota – Application to acquire by merger First State Bank, Wilmot, South Dakota, and Peoples State Bank, Summit, South Dakota
Approved 09/17/2018
Trusts
National Advisors Trust of South Dakota – Application to establish a trust service office at 800 E. 101st Terrace, Suite 300, Kansas City, Missouri Pending
First Capital Surety & Trust Company - Application to establish a Trust Service Office at 4701 Cox Rd., Suite 285, Glen Allen, Virginia.
Pending
Anthos Trust Company, LLC – Application to establish a nondepository private trust company at 201 South Phillips Ave., Suite 146, Sioux Falls, South Dakota
Approved 09/17/2018
BitGo Trust Company Inc. – Application to establish a nondepository public trust company at 6216 Pinnacle Place, Suite 101, Sioux Falls, South Dakota
Approved 09/11/2108
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in September
Money Lending  8
Money Transmitter 6
Mortgage Brokerage 1
Mortgage Lender  4
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 55
Licenses canceled in September
Money Lending  1
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 2
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 10
Current number of active licenses in September
Money Lending  418
Money Transmitter 108
Mortgage Brokerage 21
Mortgage Lender 268
NR Mortgage Lender for Insurance Company 39
Mortgage Loan Originator 3,787
Total 4,641
August 2018
Banks
Bryant Bancshares, Inc. – Application to acquire all outstanding shares of Richland State Bank, Bruce, South Dakota Approved 08/16/2018
Great Western Bank, Sioux Falls, South Dakota – Application to relocate a branch bank in Greeley, Colorado
Approved 08/07/2018
First State Bank, North Dakota – Application to merger First State Bank of Warner, South Dakota, with and into First State Bank of North Dakota
Approved 08/02/2018
Great Western Bank, Sioux Falls, South Dakota– Application to establish a branch bank in Denver, Colorado
Pending
Great Western Bank, Sioux Falls, South Dakota – Application to establish a loan production office in Wichita, Kansas Pending
Great Western Bank, Sioux Falls, South Dakota – Application to establish a loan production office in Yuma, Arizona
Pending
Minnwest Bank, Redwood Falls, Minnesota – Application to acquire by merger First State Bank, Wilmot, South Dakota, and Peoples State Bank, Summit, South Dakota
Pending
Trusts
IRAR Trust Company – Application to establish a nondepository public trust company at 401 E. 8th St., Suite 200 E, Sioux Falls, South Dakota
Approved 8/2/2018
Bridges Trust Company of South Dakota - Application to establish a nondepository public trust company at One River Place, 600 Stevens Port Drive #140, Dakota Dunes, South Dakota
Approved 08/22/2018
National Advisors Trust of South Dakota – Application to establish a trust service office at 800 E. 101st Terrace, Suite 300, Kansas City, Missouri
Pending
First Capital Surety & Trust Company - Application to establish a Trust Service Office at 4701 Cox Rd., Suite 285, Glen Allen, Virginia.
Pending
Anthos Trust Company, LLC – Application to establish a nondepository private trust company at 201 South Phillips Ave., Suite 146, Sioux Falls, South Dakota
Pending
BitGo Trust Company Inc. – Application to establish a nondepository public trust company at 6216 Pinnacle Place, Suite 101, Sioux Falls, South Dakota
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in August
Money Lending  4
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender  1
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 53
Licenses canceled in August
Money Lending  0
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 4
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 9
Current number of active licenses in August
Money Lending  411
Money Transmitter 102
Mortgage Brokerage 20
Mortgage Lender 266
NR Mortgage Lender for Insurance Company 39
Mortgage Loan Originator 3,736
Total 4,574
July 2018
Banks
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch bank in Scottsdale, Arizona
Approved 07/03/2018
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch bank in Denver, Colorado Pending
Great Western Bank, Sioux Falls, South Dakota – Application to relocate a branch bank in Greeley, Colorado Pending
First State Bank, North Dakota – Application to merger First State Bank of Warner, South Dakota, with and into First State Bank of North Dakota Pending
Trusts
South Dakota Trust Company – Application to establish a Trust Service Office at 212 S. Main Ave., Suite 100, Sioux Falls, South Dakota
Approved 07/09/2018
IRAR Trust Company – Application to establish a nondepository public trust company at 401 E. 8th St., Suite 200 E., Sioux Falls, South Dakota
Pending
Bridges Trust Company of South Dakota - Application to establish a nondepository public trust company at One River Place, 600 Stevens Port Dr. #140, Dakota Dunes, South Dakota
Pending
National Advisors Trust of South Dakota – Application to establish a trust service office at 800 E. 101st Terrace, Suite 300, Kansas City, Missouri Pending
First Capital Surety & Trust Company - Application to establish a Trust Service Office at 4701 Cox Rd., Suite 285, Glen Allen, Virginia.
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in July
Money Lending  8
Money Transmitter 2
Mortgage Brokerage 0
Mortgage Lender  6
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 50
Licenses canceled in July
Money Lending  1
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 7
Current number of active licenses in July
Money Lending  409
Money Transmitter 101
Mortgage Brokerage 20
Mortgage Lender 269
NR Mortgage Lender for Insurance Company 39
Mortgage Loan Originator 3,698
Total 4,536
June 2018
Banks
American Bank & Trust, Wessington Springs, South Dakota – Application to merge Farmers State Bank, Stickney, South Dakota, with and into American Bank & Trust, Wessington Springs, South Dakota
Approved 05/31/2018
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch bank in Cedar Falls, South Dakota
Approved 06/22/2018
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch bank in Scottsdale, Arizona Pending
First State Bank, North Dakota – Application to merger First State Bank of Warner, South Dakota, with and into First State Bank of North Dakota
Pending
Trusts
First Capital Surety & Trust Company - Application to establish a Trust Service Office at 4701 Cox Rd., Suite 285, Glen Allen, Virgina.
Pending
South Dakota Trust Company – Application to establish a Trust Service Office at 212 S. Main Ave., Suite 100, Sioux Falls, South Dakota
Pending
Bridgeford Trust Company – Application to Merge Delta Trust Company with and into Bridgeford Trust Company
Approved 06/12/2018
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in June
Money Lending  3
Money Transmitter 1
Mortgage Brokerage 1
Mortgage Lender  2
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 75
Licenses canceled in June
Money Lending  2
Money Transmitter 2
Mortgage Brokerage 0
Mortgage Lender 1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 4
Current number of active licenses in June
Money Lending  405
Money Transmitter 99
Mortgage Brokerage 20
Mortgage Lender 264
NR Mortgage Lender for Insurance Company 38
Mortgage Loan Originator 3,650
Total 4,881
May 2018
Banks
American Bank & Trust, Wessington Springs, South Dakota – Application to merge Farmers State Bank, Stickney, South Dakota, with and into American Bank & Trust, Wessington Springs, South Dakota Pending
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch bank in Cedar Falls, South Dakota
Pending
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch bank in Scottsdale. Arizona Pending
First State Bank, North Dakota – Application to merge First State Bank of Warner, South Dakota, with and into First State Bank of North Dakota Pending
Trusts
First Capital Surety & Trust Company – Application to establish a Trust Service Office at 4701 Cox Rd., Suite 285, Glen Allen, Virginia.
Pending
New Vision Trust Company – Application to establish a Trust Service Office at 135 Broad St., Asheville, NC, 28801 Approved 05/14/2018
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in May
Money Lending  7
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender  3
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 61
Licenses canceled in May
Money Lending  2
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 2
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 70
Current number of active licenses in May
Money Lending  405
Money Transmitter 100
Mortgage Brokerage 19
Mortgage Lender 263
NR Mortgage Lender for Insurance Company 38
Mortgage Loan Originator 3,577
Total 4,402
April 2018
Banks
American Bank & Trust, Wessington Springs, South Dakota – Application to merge Farmers State Bank, Stickney, South Dakota, with and into American Bank & Trust, Wessington Springs
Pending
Trusts
First Capital Surety & Trust Company - Application to establish a Trust Service Office at 4701 Cox Rd., Suite 285, Glen Allen, Virginia.
Pending
JTC Trust Company- Application for Relocation from 201 South Phillips Ave., Sioux Falls, to 101 South Reid St., Suite 307, Office 330, Sioux Falls, South Dakota Approved 04/18/2018
First Trust Company, LLC – Application to establish a Trust Service Office at 9300 Underwood Ave., Suite 100, Omaha, NE 68114.
Approved 04/11/2018
Virtus Trust USA, LLC – Application to change its name from Virtus Trust USA, LLC, Sioux Falls, to Equiom Trust (South Dakota), LLC.
Approved 04/11/2018
Sageworth Trust Company of South Dakota, LLC – Application to relocate from 300 South Phillips Ave., Suite 206, Sioux Falls, South Dakota to 300 South Philips Ave., Suite 204, Sioux Falls, South Dakota Approved 04/12/2018
Synergy Trust Company LLC – Application for Dissolution of Synergy Trust Company, LLC, Sioux Falls, South Dakota
Approved 04/16/2018
The Kingdom Trust Company – Application for Change in Control Approved 04/19/2018
New Vision Trust Company – Application to establish a Trust Service Office at 135 Broad St., Asheville, NC, 28801
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in April
Money Lending  9
Money Transmitter 2
Mortgage Brokerage 0
Mortgage Lender  3
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 79
Licenses canceled in April
Money Lending  1
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 2
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 6
Current number of active licenses in April
Money Lending  398
Money Transmitter 100
Mortgage Brokerage 19
Mortgage Lender 261
NR Mortgage Lender for Insurance Company 38
Mortgage Loan Originator 3,527
Total 4,343
March 2018
Banks
Security State Bank, Tyndall, South Dakota – Application to establish a branch bank at 114 N. Main St., Viborg, South Dakota Approved 03/09/2018
American Bank & Trust, Wessington Springs, South Dakota – Application to close a branch bank at 2791 Dakota Ave. S., Huron, South Dakota Pending
Trusts
First Capital Surety & Trust Company – Application to establish a Trust Service Office at 4701 Cox Rd, Suite 285, Glen Allen, Virginia Pending
JTC Trust Company- Application for Relocation to 140 N. Phillips Ave., Suite 303, Sioux Falls, South Dakota Pending
First Trust Company, LLC – Application to establish a Trust Service Office at 9300 Underwood Ave., Suite 100, Omaha, Nebraska 68114 Pending
The Kingdom Trust Company – Application for Change in Control Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in March
Money Lending  4
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender  4
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 123
Licenses canceled in March
Money Lending  0
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 2
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 4
Current number of active licenses in March
Money Lending  391
Money Transmitter 98
Mortgage Brokerage 19
Mortgage Lender 259
NR Mortgage Lender for Insurance Company 38
Mortgage Loan Originator 3,461
Total 4,266
February 2018
Banks
Great Western Bank, Sioux Falls, South Dakota– Application to establish a branch bank at 839 Gordon Dr., Sioux City, Iowa Approved 02/08/2018
Security State Bank, Tyndall, South Dakota – Application to establish a branch bank at 114 N. Main St., Viborg, South Dakota Pending
Great Western Bank, Sioux Falls, South Dakota – Application to close a branch bank at 2791 Dakota Ave. S., Huron, South Dakota Pending
Trusts
Forthright Trust Corporation (“Forthright”) – Application to establish a nondepository trust company at 201 S. Phillips Ave., Suite 110, Sioux Falls, South Dakota. Pending
First Capital Surety & Trust Company - Application to establish a Trust Service Office at 4701 Cox Rd., Suite 285, Glen Allen, Virginia.
Pending
CISA Trust Company (South Dakota) LLC Application for Change in Control and Relocation to 140 N. Phillips Ave., Suite 305, Sioux Falls, South Dakota
Approved 02/28/2018
Concord Trust Company – Application for Relocation to 211 Founders Park Dr., Suite D, Rapid City, South Dakota Approved 02/06/2018
JTC Trust Company- Application for Relocation to 140 N. Phillips Ave., Suite 303, Sioux Falls, South Dakota
Pending
Pando Trust Company – Application to change name to PandoTree Trust Company
Approved 02/21/2018
Polycomp Trust Company – Application for Change in Control
Approved 02/08/2018
The Kingdom Trust Company – Application for Change in Control
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in February
Money Lending  7
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender  5
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 126
Licenses canceled in February
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 in February
Money Lending  379
Money Transmitter 97
Mortgage Brokerage 19
Mortgage Lender 257
NR Mortgage Lender for Insurance Company 38
Mortgage Loan Originator 3,331
Total 4,121
January 2018
Banks
First American State Bank, Oldham, South Dakota – Application to establish a branch bank at 3465 Avenue of the Cities, Moline, Illinois. Approved 01/10/2018
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch bank at 839 Gordon Dr., Sioux City, Iowa Pending
Security State Bank, Tyndall, South Dakota – Application to establish a branch bank at 114 N. Main St., Viborg, South Dakota Pending
Trusts
A&D Private Trust Company – Application to establish a private trust company at 201 S. Phillips Ave., Suite 141, Sioux Falls, South Dakota Approved 01/03/2018
Forthright Trust Corporation (“Forthright”) – Application to establish a nondepository trust company at 201 S. Phillips Ave., Suite 110, Sioux Falls, South Dakota Pending
First Capital Surety & Trust Company - Application to establish a Trust Service Office at 4701 Cox Rd., Suite 285, Glen Allen, Virginia. Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in January
Money Lending  3
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender  2
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 138
Licenses canceled in January
Money Lending  34
Money Transmitter 0
Mortgage Brokerage 2
Mortgage Lender 7
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 775
Current number of active licenses in January
Money Lending  375
Money Transmitter 96
Mortgage Brokerage 19
Mortgage Lender 253
NR Mortgage Lender for Insurance Company 37
Mortgage Loan Originator 3,222
Total 4,002

See the Monthly Activity Report Archive for prior years.