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.

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.