Marcia Hultman

Cabinet Secretary

Font Size: A A A

Banking

Monthly Activity Reports - 2015

 

December 2015
Trusts
Application of Wealth Advisors Trust Company to establish a trust service office at 2650 Jackson BLVD. Rapid City, South Dakota 57702
Approved
Application of Independent Trust Company of America to establish a trust service office at 1220 Main, Suite 101, Vancouver, Washington 98660
Approved
Application of Alta Trust to relocate from 122 S. Phillips Avenue, Suite 201, Sioux Falls, South Dakota to 101 S. Main Avenue, Suite 310, Sioux Falls, South Dakota
Approved
Application of Sterling Trustees, LLC to relocate from 101 S. Main Avenue, Suite 310, Sioux Falls, South Dakota to 101 S. Phillips Avenue, Suite 509, Sioux Falls, South Dakota
Approved
Application of Concord Trust Company, LLC to relocate from 201 South Phllips Avenue, Suite 206, Sioux Falls, South Dakota to 1719 West Main Street, Rapid City, South Dakota Approved
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
Pending
Application of Bluebird Trust Company, LLC to establish a nondepository private trust company at 201 South Phillips Avenue, Suite 136, Sioux Falls, South Dakota Pending
Banks
Application for Great Western Bank, Watertown, South Dakota to open a branch office at 2936 University Ave., Waterloo, Iowa Approved
Application for Great Western Bank, Watertown, South Dakota to relocate branch bank from 500 N. Main Street, Eloy, Arizona 85131 to 712 N. Main Street, Eloy, Arizona 85131 Approved
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
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
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in December are as follows:
Money Lending  7
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender  3
Non-Residential Mortgage Lender 2
Mortgage Loan Originator 86
Licenses cancelled in December are as follows: 
Money Lending  14
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender 1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 11
Current number of active licenses December
Money Lending  498
Money Transmitter 67
Mortgage Brokerage 15
Mortgage Lender 239
NR Mortgage Lender for Insurance Company 36
Mortgage Loan Originator 2,365
Total 3,220
November 2015
Trusts
Application of Gore Creek Trust Company, LLC to establish a nondepository private trust Company at 201 South Phillips Avenue, Suite 134, Sioux Falls, South Dakota 57104
Approved
Application of Meristem Trust Company to establish a trust service office at 601 Carlson Parkway, Suite 800, Minnetonka, Minnesota 55305
Approved
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 Wealth Advisors Trust Company to establish a trust service office at 2650 Jackson BLVD. Rapid City, South Dakota 57702
Pending
Banks

Application for First Dakota Financial Corporation, Yankton, South Dakota to merge Dakota State Bank, Bunt, South Dakota

Approved
Application for Great Western Bank, Watertown, South Dakota to open a branch office at 2936 University Ave., Waterloo, Iowa Pending
Application for Great Western Bank, Watertown, South Dakota to relocate branch bank from 500 N. Main Street, Eloy, Arizona 85131 to 712 N. Main Street, Eloy, Arizona 85131 Pending
Application for First State Bank of Roscoe, Roscoe, South Dakota to open a branch bank office at 605 J Avenue, Eureka, South Dakota 57437 Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in November are as follows:
Money Lending  7
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender  2
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 70
Licenses cancelled in November are as follows: 
Money Lending  2
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 0
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 7
Current number of active licenses November
Money Lending  514
Money Transmitter 68
Mortgage Brokerage 15
Mortgage Lender 237
NR Mortgage Lender for Insurance Company 34
Mortgage Loan Originator 2,279
Total 3,147
October 2015
Trusts
Application from Old Hickory Trust Company LLC of South Dakota, a nondepository private trust company at 201 South Phillips Avenue, Suite 129, Sioux Falls, South Dakota 57104 Approved
Application to change control of First Capital Surety Trust company, a nondeposity public trust company at 201 South Phillips Avenua, Suite 127, Sioux Falls, SD 57104 Approved
Application of First Lawyers Trust Company to establish a Trust Service Office at 332 Minnesota Street, W-2900, St. Paul, Minnesota Approved
Notice of Intent of Alps Corporation to transfer seventy six percent of the ownership of First Lawyers Trust Company to Michael C. Brilley, Stockmens Financial Corporation, and Tradition Bancshares, Inc. Approved
Application of Gore Creek Trust Company, LLC to establish a nondepository private trust Company at 201 South Phillips Avenue, Suite 134, Sioux Falls, South Dakota 57104
Pending
Banks

Application for First Dakota Financial Corporation, Yankton, South Dakota to merge Dakota State Bank, Bunt, South Dakota

Pending
Application for Great Western Bank to open a branch office at 2936 University Ave., Waterloo, Iowa Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in October are as follows:
Money Lending  39
Money Transmitter 4
Mortgage Brokerage 0
Mortgage Lender  0
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 29
Licenses cancelled in October are as follows: 
Money Lending  1
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 1
Non-Residential Mortgage Lender 4
Mortgage Loan Originator 7
Current number of active licenses October
Money Lending  501
Money Transmitter 68
Mortgage Brokerage 15
Mortgage Lender 235
NR Mortgage Lender for Insurance Company 33
Mortgage Loan Originator 2,213
Total 3,065
September 2015
Trusts
Application from IRA Financial Trust Company, a nondepository public trust company at 401 East 8th Street, Suite 200R, Sioux Falls, SD 57103
Approved
Application to change control of BTC Trust Company of South Dakota, a nondepository public trust company at 5032 South Bur Oak Place, Suite 131A, Sioux Falls, SD 57108-2244
Approved
Application from Old Hickory Trust Company LLC of South Dakota, a nondepository private trust company at 201 South Phillips Avenue, Suite 129, Sioux Falls, South Dakota 57104 Pending
Application to change control of First Capital Surety Trust company, a nondeposity public trust company at 201 South Phillips Avenua, Suite 127, Sioux Falls, SD 57104 Pending
Banks
First Bank & Trust, Brookings, South Dakota to merge First Bank & Trust of Milbank, Milbank, South Dakota and First Bank & Trust, National Association, Pipestone, Minnesota with and into First Bank & Trust Brookings, South Dakota. Approved
First State Associates, Inc., Hawarden, Iowa to acquire Minor County Bank, Howard, South Dakota
Approved
First Financial Corporation, Yankton, South Dakota to acquire Dakota State Bank, Bunt, South Dakota Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in September are as follows:
Money Lending  30
Money Transmitter 27
Mortgage Brokerage 0
Mortgage Lender  4
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 63
Licenses cancelled in September 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 September
Money Lending  501
Money Transmitter 66
Mortgage Brokerage 15
Mortgage Lender 236
NR Mortgage Lender for Insurance Company 33
Mortgage Loan Originator 2,129
Total 2,980
August 2015
Trusts
Application from Old Hickory Trust Company LLC of South Dakota, a nondepository private trust company at 201 South Phillips Avenue, Suite 129, Sioux Falls, South Dakota 57104 Pending
Application to change control of BTC Trust Company of South Dakota, a nondepository public trust company at 5032 South Bur Oak Place, Suite 131A, Sioux Falls, SD 57108-2244
Pending
Application from IRA Financial Trust Company, a nondepository public trust company at 401 East 8th Street, Suite 200R, Sioux Falls, SD 57103
Pending
Banks

Reliabank Dakota Sioux Falls, SD to establish a loan production office at 2333 West 57th Street, Suite 105, Sioux Falls, SD 57108-5054

Approved
First State Associates, Inc., Hawarden, Iowa to acquire Minor County Bank, Howard, South Dakota
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in August are as follows:
Money Lending  25
Money Transmitter 5
Mortgage Brokerage 1
Mortgage Lender  3
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 108
Licenses cancelled in August are as follows: 
Money Lending  2
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender 1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 6
Current number of active licenses August
Money Lending  477
Money Transmitter 65
Mortgage Brokerage 15
Mortgage Lender 233
NR Mortgage Lender for Insurance Company 33
Mortgage Loan Originator 2,074
Total 2,897
July 2015
Trusts
   
Banks
BankStar Financial, Elkton, SD to relocate a branch bank from 427 8th Street, Brookings, SD to 1301 6th Street, Brookings, SD. Approved
Home Federal Bank, Sioux Falls, SD to relocate a branch bank from 1024 6th Street, Brookings, SD to 1302 6th Street, Brookings, SD.
Approved
Home Federal Bank, Sioux Falls, SD to relocate a branch bank from 900 E. Main, Suite 101, Marshall, MN to 1418 College Drive East, Marshall, MN. Approved

1st Financial Bank USA, Sioux Falls, SD to establish a loan production office at 5929 S. Mogen Avenue, Sioux Falls, SD 57108

Pending
Reliabank Dakota Sioux Falls, SD to establish a loan production office at 2333 West 57th Street, Suite 105, Sioux Falls, SD 57108-5054 Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in July are as follows:
Money Lending  1
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender  2
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 49
Licenses cancelled in July are as follows: 
Money Lending  8
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 2
Current number of active licenses: July   
Money Lending  408
Money Transmitter 61
Mortgage Brokerage 14
Mortgage Lender 231
NR Mortgage Lender for Insurance Company 31
Mortgage Loan Originator 1961
Total 2,706
June 2015
Trusts
BTC Trust Company to establish, a nondepository public trust company,
at 5032 South Bur Oak Place, Suite 131A Sioux Falls, SD.
Approved
Banks

Home Federal Bank, Sioux Falls, SD to establish a branch office at 5675 26th Avenue, South Suite 156, Fargo ND.

Approved
Farmer State Bank of Parkston, SD to merge Fulton State Bank, SD with and into Farmers State Bank, Parkston, SD Approved
Plains Commerce Bank, Hoven, SD to establish a branch bank at 1130 Burr Street, Mitchell, SD.
Approved
BankStar Financial, Elkton, SD to relocate a branch bank from 427 8th Street, Brookings, SD to 1301 6th Street, Brookings, SD. Pending
Home Federal Bank, Sioux Falls, SD to relocate a branch bank from 1024 6th Street, Brookings, SD to 1302 6th Street, Brookings, SD.
Pending
Home Federal Bank, Sioux Falls, SD to relocate a branch bank from 900 E. Main, Suite 101, Marshall, MN to 1418 College Drive East, Marshall, MN. Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in June are as follows:
Money Lending  1
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender  2
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 45
Licenses cancelled in June are as follows: 
Money Lending  6
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 2
Current number of active licenses:    
Money Lending  444
Money Transmitter 60
Mortgage Brokerage 14
Mortgage Lender 231
NR Mortgage Lender for Insurance Company 31
Mortgage Loan Originator 1,846
Total 2,626
May 2015
Trusts

CLA Trust Company, LLC to establish, a nondepository public trust company, at 201 S. Phillips Avenue, Suite 132, Sioux Falls, SD  57104. 

Approved
BTC Trust Company to establish, a nondepository public trust company,
at 5032 South Bur Oak Place, Suite 131A Sioux Falls, SD 57108
Pending
Banks
First Bank & Trust Brookings, SD to merge First Bank & Trust,National Association, Pipestone, Minnesota and First Bank & Trust of Milbank SD, 56164 with and into First Bank & Trust, Brookings, SD. 57252 Approved
Farmer State Bank of Parkston, SD to merge Fulton State Bank, SD 57340 with and into Farmer State Bank of Parkston, SD Pending

Home Federal Sioux Falls, SD to establish a branch office at 5675 26th Avenue, South Suite 156, Fargo ND 58104.

Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in May are as follows:
Money Lending  17
Money Transmitter 0
Mortgage Brokerage 1
Mortgage Lender  53
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 112
Licenses cancelled in May are as follows: 
Money Lending  1
Money Transmitter 0
Mortgage Brokerage 2
Mortgage Lender 0
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 0
Current number of active licenses:    
Money Lending  449
Money Transmitter 60
Mortgage Brokerage 14
Mortgage Lender 230
NR Mortgage Lender for Insurance Company 31
Mortgage Loan Originator 1,803
Total 2,587
April 2015
Trusts
Old Mission Trust Company, LLC to establish, a Trust Service Office at 880 Munson Avenue, Suite B, Traverse City, MI 49686.
Approved

CLA Trust Company, LLC to establish, a nondepository public trust company, at 201 S. Phillips Avenue, Suite 132, Sioux Falls, SD  57104. 

Approved
Banks

Plains Commerce Bank Hoven, SD to establish, a branch bank at 1130 Burr Street Suite 100 Mitchell, SD 57301

Approved
1st Financial Bank USA, Dakota Dunes, SD to establish, a loan production office at 5929 S. Mogen Avenue Sioux Falls, SD 57108. Approved
First Bank & Trust Brookings, SD to merge First Bank & Trust,National Association, Pipestone, Minnesota and First Bank & Trust of Milbank SD, 56164 with and into First Bank & Trust, Brookings, SD. 57252 Approved
Farmer State Bank of Parkston, SD to merge Fulton State Bank, SD 57340 with and into Farmer State Bank of Parkston, SD Pending

Home Federal Sioux Falls, SD to establish a branch office at 5675 26th Avenue, South Suite 156, Fargo ND 58104.

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 2
Mortgage Brokerage 0
Mortgage Lender  5
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 86
Licenses cancelled in April 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:    
Money Lending  432
Money Transmitter 60
Mortgage Brokerage 15
Mortgage Lender 227
NR Mortgage Lender for Insurance Company 31
Mortgage Loan Originator 1,686
Total 2,451
March 2015
Trusts
Maroon Private Trust Company, LLC-Application to establish a non-depository private trust at 101 S Reid Street, Suite 307, (Office 319 - Maroon) Sioux Falls SD 57103
Approved
UDQ Private Trust Company, LLC-Application to establish a non-depository private trust at 101 S Reid Street, Suite 307, (Office 320 UDQ) Sioux Falls SD 57103 Approved
Banks
First Bank & Trust, Brookings, South Dakota, to merge First Bank & Trust of Milbank, Milbank, South Dakota, and First Bank & Trust, National Association, Pipestone, Minnesota, with and into First Bank & Trust, Brookings. Pending
1st Financial Bank USA, Dakota Dunes, South Dakota to Establish a Loan Production Office at 5929 S. Mogen Avenue, Sioux Falls, South Dakota. Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in March are as follows:
Money Lending  6
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender  1
Non-Residential Mortgage Lender 3
Mortgage Loan Originator 50
Licenses cancelled in March are as follows: 
Money Lending  0
Money Transmitter 2
Mortgage Brokerage 0
Mortgage Lender 1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 1
Current number of active licenses:    
Money Lending  433
Money Transmitter 59
Mortgage Brokerage 15
Mortgage Lender 222
NR Mortgage Lender for Insurance Company 31
Mortgage Loan Originator 1,581
Total 2,341
February 2015
Trusts
Maroon Private Trust Company, LLC-Application to establish a non-depository private trust at 101 S Reid Street, Suite 307, (Office 319 - Maroon) Sioux Falls SD 57103
Pending
UDQ Private Trust Company, LLC-Application to establish a non-depository private trust at 101 S Reid Street, Suite 307, (Office 320 UDQ) Sioux Falls SD 57103 Pending
Banks
No bank applications currently pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in February are as follows:
Money Lending  1
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender  0
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 20
Licenses cancelled in February are as follows: 
Money Lending  1
Money Transmitter 1
Mortgage Brokerage 0
Mortgage Lender 1
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 20
Current number of active licenses:    
Money Lending  423
Money Transmitter 60
Mortgage Brokerage 15
Mortgage Lender 221
NR Mortgage Lender for Insurance Company 28
Mortgage Loan Originator 1,528
Total 2,254
January 2015
Trusts
Meristem Trust Company, LLC-Application to establish a non-depository public trust at 201 South Phillips Avenue, Suite 131, Sioux Falls SD 57104 Pending
Banks
American State Bank Oldham - Application for Change in Control by Frank L Farrar. Approved
Home Federal Bank - Conversion from a Federally Chartered Saving Association to a South Dakota State Chartered Bank. Approved
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in January are as follows:
Money Lending  3
Money Transmitter 2
Mortgage Brokerage 0
Mortgage Lender  2
Non-Residential Mortgage Lender 0
Mortgage Loan Originator 56
Licenses cancelled in January are as follows: 
Money Lending  5
Money Transmitter 0
Mortgage Brokerage 0
Mortgage Lender 0
Non-Residential Mortgage Lender 1
Mortgage Loan Originator 402
Current number of active licenses:    
Money Lending  422
Money Transmitter 59
Mortgage Brokerage 16
Mortgage Lender 221
NR Mortgage Lender for Insurance Company 28
Mortgage Loan Originator 1,508
Total 2,254