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.
| December 2019 |
| Banks |
American Bank & Trust, Wessington Springs, South Dakota – Application to establish a branch at 6810 S. Minnesota Ave., Sioux Falls, South Dakota
|
Approved 12/30/2019 |
First Premier Bank, Sioux Fall, South Dakota – Application to establish a branch at 202 NW 2nd St., Madison South Dakota
|
Pending |
| Trusts |
Shade Tree Trust Company LLC, Sioux Falls, South Dakota – Application to establish a public trust company at 212 S. Main Ave., Suite 151, Sioux Falls, South Dakota
|
Approved 12/11/2019 |
Dougherty Trust Company, LLC – Application to establish a public trust company at 212 S. Main Ave., Suite 152, Sioux Falls, South Dakota
|
Pending |
| Licensees (Non-Profits are now included with Money Lending or Mortgage Lender) |
| New licenses issued in December |
| Money Lending |
1 |
| Money Transmitter |
0 |
| Mortgage Brokerage |
1 |
| Mortgage Lender |
2 |
| Non-Residential Mortgage Lender |
1 |
| Mortgage Loan Originator |
2 |
| Licenses canceled in December |
| Money Lending |
2 |
| Money Transmitter |
0 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
1 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
6 |
| Current number of active licenses in December |
| Money Lending |
347 |
| Money Transmitter |
124 |
| Mortgage Brokerage |
28 |
| Mortgage Lender |
268 |
| NR Mortgage Lender for Insurance Company |
53 |
| Mortgage Loan Originator |
3,390 |
| Total |
4,218 |
| November 2019 |
| Banks |
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch at 180 S. Arizona Ave., Suite 180, Chandler, Arizona
|
Approved 11/19/2019 |
Great Western Bank, Sioux Falls, South Dakota – Application to close a branch at 1721 N. Arizona Ave., Chandler, Arizona
|
Approved 11/19/2019 |
BankWest, Pierre, South Dakota – Application to close a branch at 107 S. Highland Ave., Pierre, South Dakota
|
Approved 11/22/2019 |
American Bank & Trust, Wessington Springs, South Dakota – Application to establish a branch at 6810 S. Minnesota Ave., Sioux Falls, South Dakota
|
Pending |
First Premier Bank, Sioux Falls, South Dakota – Application to establish a branch at 202 NW 2nd St., Madison, South Dakota.
|
Pending |
| Trusts |
Shade Tree Trust Company LLC, Sioux Falls, South Dakota – Application to establish a public trust company at 212 S. Main Ave., Suite 151, Sioux Falls, South Dakota
|
Pending |
Dougherty Trust Company, LLC – Application to establish a public trust company at 212 S. Main Ave., Suite 152, Sioux Falls, South Dakota
|
Pending |
| Licensees (Non-Profits are now included with Money Lending or Mortgage Lender) |
| New licenses issued in November |
| Money Lending |
6 |
| Money Transmitter |
1 |
| Mortgage Brokerage |
2 |
| Mortgage Lender |
0 |
| Non-Residential Mortgage Lender |
2 |
| Mortgage Loan Originator |
60 |
| Licenses canceled in November |
| Money Lending |
6 |
| Money Transmitter |
1 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
3 |
| Non-Residential Mortgage Lender |
1 |
| Mortgage Loan Originator |
7 |
| Current number of active licenses in November |
| Money Lending |
441 |
| Money Transmitter |
124 |
| Mortgage Brokerage |
28 |
| Mortgage Lender |
267 |
| NR Mortgage Lender for Insurance Company |
51 |
| Mortgage Loan Originator |
3,401 |
| Total |
4,312 |
| October 2019 |
| Banks |
Plains Commerce Bank, Hoven, South Dakota – Application to establish a loan production office at 610 W. 49th St., Sioux Falls, South Dakota
|
Approved 10/03/2019 |
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch at 180 S. Arizona Ave., Suite 180, Chandler, Arizona
|
Pending |
| Trusts |
Lapistone Trust LLC, Pierre, South Dakota – Application to establish a public trust company at 330 S. Poplar Ave., Suite 103-I, Pierre, South Dakota
|
Approved 10/03/2019 |
Shade Tree Trust Company LLC, Sioux Falls, South Dakota – Application to establish a public trust company at 212 S. Main Ave., Suite 151, Sioux Falls, South Dakota
|
Pending |
Dougherty Trust Company, LLC – Application to establish a public trust company at 212 S. Main Ave., Suite 152, Sioux Falls, South Dakota
|
Pending |
| Licensees (Non-Profits are now included with Money Lending or Mortgage Lender) |
| New licenses issued in October |
| Money Lending |
13 |
| Money Transmitter |
1 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
6 |
| Non-Residential Mortgage Lender |
5 |
| Mortgage Loan Originator |
149 |
| Licenses canceled in October |
| Money Lending |
1 |
| Money Transmitter |
2 |
| Mortgage Brokerage |
1 |
| Mortgage Lender |
1 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
7 |
| Current number of active licenses in October |
| Money Lending |
443 |
| Money Transmitter |
125 |
| Mortgage Brokerage |
26 |
| Mortgage Lender |
278 |
| NR Mortgage Lender for Insurance Company |
51 |
| Mortgage Loan Originator |
3,397 |
| Total |
4,320 |
| September 2019 |
| Banks |
BankWest Inc., Pierre, South Dakota – Application to establish a branch at 255 Texas St., Rapid City, South Dakota.
|
Approved 08/13/2019 |
Plains Commerce Bank, Hoven, South Dakota – Application to establish a loan production office at 610 W. 49th St., Sioux Falls, South Dakota
|
Pending |
| Trusts |
PLL Trust Company, LLC, Sioux Falls, South Dakota – Application to establish a private trust company at 212 S. Main Ave., Suite 138, Sioux Falls, South Dakota
|
Approved 09/03/2019 |
Shade Tree Trust Company LLC, Sioux Falls, South Dakota – Application to establish a public trust company at 212 S. Main Ave., Suite 151, Sioux Falls, South Dakota
|
Pending |
Lapistone Trust LLC, Pierre, South Dakota – Application to establish a public trust company at 330 S. Poplar Ave., Suite 103-I, Pierre, South Dakota
|
Pending |
| Licensees (Non-Profits are now included with Money Lending or Mortgage Lender) |
| New licenses issued in September |
| Money Lending |
7 |
| Money Transmitter |
1 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
3 |
| Non-Residential Mortgage Lender |
1 |
| Mortgage Loan Originator |
114 |
| Licenses canceled in September |
| Money Lending |
4 |
| Money Transmitter |
1 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
4 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
3 |
| Current number of active licenses in September |
| Money Lending |
429 |
| Money Transmitter |
124 |
| Mortgage Brokerage |
27 |
| Mortgage Lender |
264 |
| NR Mortgage Lender for Insurance Company |
45 |
| Mortgage Loan Originator |
3,205 |
| Total |
4,094 |
| August 2019 |
| Banks |
BankWest Inc., Pierre, South Dakota – Application to establish a loan production office at 1046 Makenda Ave., Madison, South Dakota
|
Approved 08/13/2019 |
First Premier Bank, Sioux Falls, South Dakota – Application to close a branch at 1414 9th Ave. SE, Watertown, South Dakota
|
Approved 08/07/2019 |
BankWest Inc., Pierre, South Dakota – Application to establish a branch at 255 Texas St., Rapid City, South Dakota
|
Pending |
| Trusts |
Shade Tree Trust Company LLC, Sioux Falls, South Dakota – Application to establish a public trust company at 212 S. Main Ave., Suite 151, Sioux Falls, South Dakota
|
Pending |
Lapistone Trust LLC, Pierre, South Dakota – Application to establish a public trust company at 330 South Poplar Ave., Suite 103-I, Pierre, South Dakota
|
Pending |
PLL Trust Company, LLC, Sioux Falls, South Dakota – Application to establish a private trust company at 212 S. Main Ave., Suite 138, Sioux Falls, South Dakota
|
Pending |
| Licensees (Non-Profits are now included with Money Lending or Mortgage Lender) |
| New licenses issued in August |
| Money Lending |
2 |
| Money Transmitter |
2 |
| Mortgage Brokerage |
1 |
| Mortgage Lender |
1 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
62 |
| Licenses canceled in August |
| 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 in August |
| Money Lending |
423 |
| Money Transmitter |
123 |
| Mortgage Brokerage |
27 |
| Mortgage Lender |
265 |
| NR Mortgage Lender for Insurance Company |
44 |
| Mortgage Loan Originator |
3,102 |
| Total |
3,984 |
| July 2019 |
| Banks |
Great Western Bank, Sioux Falls, South Dakota – Application to close a loan production office at 2750 1st Ave. NE, Cedar Rapids, IA 52402
|
Approved 07/02/2019 |
Campbell County Bank, Herreid, South Dakota – Application to merge Menno State Bank, Menno, South Dakota, with and into Campbell County Bank, Herreid, South Dakota
|
Approved 07/03/2019 |
Merchants State Bank, Freeman, South Dakota – Application to relocate branch from 103 N. Main Ave., Viborg, South Dakota, to 201 N. Main Ave., Viborg, South Dakota
|
Approved 07/08/2019 |
First Bank & Trust, Sioux Falls, South Dakota – Application to relocate a loan production office from 1400 Washington Ave. N., Madison, South Dakota, to 1108 Washington Ave. S., Madison, South Dakota
|
Approved 07/19/2019 |
BankWest Inc., Pierre, South Dakota – Application to establish a loan production office at 1046 Makenda Ave., Madison, South Dakota
|
Pending |
| BankWest Inc., Pierre, South Dakota – Application to establish a branch at 255 Texas St., Rapid City |
Pending |
First Premier Bank, Sioux Falls, South Dakota – Application to close a branch at 1414 9th Ave. SE, Watertown, South Dakota
|
Pending |
| Trusts |
| Anchorage Trust Company, Sioux Falls, South Dakota – Application to establish a public trust company at 4901 S. Isabel Place, Suite 49014, Sioux Falls, South Dakota |
Approved 06/18/2019 |
Citicorp Trust South Dakota, Sioux Falls, South Dakota – Application to relocate from 701 E. 60th St. N-MC 1182, Sioux Falls, South Dakota, to 5800 S. Corporate Place, 4th Floor, Sioux Falls, South Dakota
|
Approved 07/29/2019 |
| Saint Joseph Trust Company LLC, Sioux Falls, South Dakota – Application to relocate from 204 N. Phillips Ave., Suite 213, Sioux Falls, South Dakota, to 224 N Phillips Ave., Suite 213, Sioux Falls, South Dakota |
Approved 07/29/2019 |
| Shade Tree Trust Company LLC, Sioux Falls, South Dakota – Application to establish a public trust company at 212 S. Main Ave., Suite 151, Sioux Falls, South Dakota |
Pending |
| Lapistone Trust LLC, Pierre, South Dakota – Application to establish a public trust company at 330 South Poplar Ave., Suite 103-I, Pierre, South Dakota |
Pending |
| PLL Trust Company, LLC, Sioux Falls, South Dakota – Application to establish a private trust company at 212 S. Main Ave., Suite 138, Sioux Falls, South Dakota |
Pending |
| Licensees (Non-Profits are now included with Money Lending or Mortgage Lender) |
| New licenses issued in July |
| Money Lending |
17 |
| Money Transmitter |
1 |
| Mortgage Brokerage |
1 |
| Mortgage Lender |
3 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
51 |
| Licenses canceled in July |
| Money Lending |
1 |
| Money Transmitter |
3 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
2 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
3 |
| Current number of active licenses in July |
| Money Lending |
423 |
| Money Transmitter |
123 |
| Mortgage Brokerage |
26 |
| Mortgage Lender |
266 |
| NR Mortgage Lender for Insurance Company |
44 |
| Mortgage Loan Originator |
3,041 |
| Total |
3,923 |
| June 2019 |
| Banks |
| Merchants State Bank, Freeman, South Dakota – Application to relocate branch from 103 N. Main Ave., Viborg, South Dakota, to201 N. Main Ave., Viborg, South Dakota |
Pending |
Campbell County Bank, Herreid, South Dakota – Application to merge Menno State Bank, Menno, South Dakota, with and into Campbell County Bank, Herreid, South Dakota
|
Pending |
Great Western Bank, Sioux Falls, South Dakota – Application to close a loan production office at 2750 1st Ave., NE, Cedar Rapids, IA 52402
|
Pending |
| Trusts |
| Anchorage Trust Company, Sioux Falls, South Dakota – Application to establish a public trust company at 4901 S. Isabel Place, Suite 49014, Sioux Falls, South Dakota |
Approved 06/18/2019 |
| Licensees (Non-Profits are now included with Money Lending or Mortgage Lender) |
| New licenses issued in June |
| Money Lending |
5 |
| Money Transmitter |
1 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
3 |
| Non-Residential Mortgage Lender |
1 |
| Mortgage Loan Originator |
43 |
| Licenses canceled in June |
| Money Lending |
1 |
| Money Transmitter |
0 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
1 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
5 |
| Current number of active licenses in June |
| Money Lending |
408 |
| Money Transmitter |
124 |
| Mortgage Brokerage |
25 |
| Mortgage Lender |
264 |
| NR Mortgage Lender for Insurance Company |
44 |
| Mortgage Loan Originator |
2,991 |
| Total |
3,856 |
| May 2019 |
| Banks |
Merchants State Bank, Freeman, South Dakota – Application to relocate branch from 103 N. Main Ave., Viborg, South Dakota, to 201 N. Main Ave., Viborg, South Dakota
|
Pending |
Campbell County Bank, Herreid, South Dakota – Application to merge Menno State Bank, Menno, South Dakota, with and into Campbell County Bank, Herreid, South Dakota
|
Pending |
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch bank at 2739 1st Ave. SE, Cedar Rapids, Iowa
|
Approved 04/30/2019 |
Plains Commerce Bank, Hoven, South Dakota – Application to establish a branch bank at 4850 S. Sycamore Ave., Sioux Falls, South Dakota
|
Approved 05/01/2019 |
Dakota Prairie Bank, Fort Pierre, South Dakota – Application to establish a branch at 425 N. Main St, White River, South Dakota
|
Approved 05/10/2019 |
| Security Saving Bank, Tyndall, South Dakota – Application to establish a branch at 105 N. Main St., Viborg, South Dakota |
Approved 05/30/2019 |
| Trusts |
Anchorage Trust Company, Sioux Falls, South Dakota – Application to establish a public trust company at 4901 S. Isabel Place, Suite 49014, Sioux Falls, South Dakota
|
Pending |
Standard Trust LLC, Sioux Falls, South Dakota – Application to establish a public trust office at 1601 E. 69th St., Suite 308, Sioux Falls, South Dakota
|
Approved 05/09/2019 |
| Saint Joseph Trust Company, LLC, Sioux Falls, South Dakota – Application to establish a public trust company at 204 N. Phillips Ave., Suite 213, Sioux Falls, South Dakota |
Approved 05/09/2019 |
| Licensees (Non-Profits are now included with Money Lending or Mortgage Lender) |
| New licenses issued in May |
| Money Lending |
5 |
| Money Transmitter |
3 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
4 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
74 |
| Licenses canceled in May |
| Money Lending |
1 |
| Money Transmitter |
1 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
1 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
11 |
| Current number of active licenses in May |
| Money Lending |
404 |
| Money Transmitter |
123 |
| Mortgage Brokerage |
25 |
| Mortgage Lender |
263 |
| NR Mortgage Lender for Insurance Company |
43 |
| Mortgage Loan Originator |
2,955 |
| Total |
3,813 |
| April 2019 |
| Banks |
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch bank at 2739 1st Ave. SE, Cedar Rapids, Iowa
|
Pending |
Plains Commerce Bank, Hoven, South Dakota – Application to establish a branch bank at 4850 S. Sycamore Ave., Sioux Falls, South Dakota
|
Pending |
Dakota Prairie Bank, Fort Pierre, South Dakota – Application to establish a branch at 425 N. Main St., White River, South Dakota
|
Pending |
| Merchants State Bank, Freeman, South Dakota – Application to relocate branch from 103 N. Main Ave., Viborg, South Dakota, to 201 N. Main Ave., Viborg, South Dakota |
Pending |
Security Saving Bank, Tyndall, South Dakota – Application to establish a branch at 105 N. Main St., Viborg, South Dakota
|
Pending |
| Trusts |
| First Covenant Trust Company, Pierre, South Dakota – Application to establish a trust service office at 419 2nd St. NW, Suite B, Hickory, North Carolina |
Approved 04/15/2019 |
Standard Trust LLC, Sioux Falls, South Dakota – Application to establish a public trust office at 1601 E. 69th St., Suite 308, Sioux Falls, South Dakota
|
Pending |
| Saint Joseph Trust Company, LLC, Sioux Falls, South Dakota – Application to establish a public trust company at 204 N. Phillips Ave., Suite 213, Sioux Falls, South Dakota |
Pending |
| Licensees (Non-Profits are now included with Money Lending or Mortgage Lender) |
| New licenses issued in April |
| Money Lending |
6 |
| Money Transmitter |
1 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
2 |
| Non-Residential Mortgage Lender |
1 |
| Mortgage Loan Originator |
79 |
| Licenses canceled in April |
| Money Lending |
2 |
| Money Transmitter |
0 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
2 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
7 |
| Current number of active licenses in April |
| Money Lending |
400 |
| Money Transmitter |
122 |
| Mortgage Brokerage |
25 |
| Mortgage Lender |
261 |
| NR Mortgage Lender for Insurance Company |
43 |
| Mortgage Loan Originator |
2,906 |
| Total |
3,757 |
| March 2019 |
| Banks |
Great Western Bank, Sioux Falls, South Dakota – Application to establish a branch bank at 2739 1st Ave. SE, Cedar Rapids, Iowa
|
Pending |
Plains Commerce Bank, Hoven, South Dakota – Application to establish a branch bank at 4850 S Sycamore Ave., Sioux Falls, South Dakota
|
Pending |
| Trusts |
First Covenant Trust Company, Pierre, South Dakota – Application to establish a trust service office at 1361 South Wilcox Drive, Kingsport, Tennessee
|
Approved 03/19/2019 |
First Covenant Trust Company, Pierre, South Dakota – Application to establish a trust service office at 419 2nd Street NW, Suite B, Hickory, North Carolina
|
Pending |
| Licensees (Non-Profits are now included with Money Lending or Mortgage Lender) |
| New licenses issued in March |
| Money Lending |
4 |
| Money Transmitter |
6 |
| Mortgage Brokerage |
1 |
| Mortgage Lender |
2 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
107 |
| Licenses canceled in March |
| Money Lending |
1 |
| Money Transmitter |
2 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
1 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
2 |
| Current number of active licenses in March |
| Money Lending |
396 |
| Money Transmitter |
120 |
| Mortgage Brokerage |
25 |
| Mortgage Lender |
260 |
| NR Mortgage Lender for Insurance Company |
42 |
| Mortgage Loan Originator |
2,818 |
| Total |
3,661 |
| February 2019 |
| Banks |
| None |
| Trusts |
National Advisors Trust of South Dakota – Application to establish a trust service office at 800 E. 101st Terrace, Suite 300, Kansas City, Missouri
|
Approved 02/22/2109 |
First Covenant Trust Company, Pierre, South Dakota– Application to establish a trust service office at 1361 South Wilcox Dr., Kingsport, Tennessee
|
Pending |
| Licensees (Non-Profits are now included with Money Lending or Mortgage Lender) |
| New licenses issued in February |
| Money Lending |
10 |
| Money Transmitter |
1 |
| Mortgage Brokerage |
1 |
| Mortgage Lender |
1 |
| Non-Residential Mortgage Lender |
1 |
| Mortgage Loan Originator |
128 |
| Licenses canceled in February |
| Money Lending |
0 |
| Money Transmitter |
0 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
2 |
| Non-Residential Mortgage Lender |
1 |
| Mortgage Loan Originator |
7 |
| Current number of active licenses in February |
| Money Lending |
393 |
| Money Transmitter |
117 |
| Mortgage Brokerage |
24 |
| Mortgage Lender |
259 |
| NR Mortgage Lender for Insurance Company |
42 |
| Mortgage Loan Originator |
2,714 |
| Total |
3,549 |
| January 2019 |
| Banks |
Great Western Bank, Sioux Falls, South Dakota, Application to relocate a branch bank from 100 N. 1st St., Carlisle, Iowa to 120 S. 1st. St, Carlisle, Iowa
|
Approved 01/08/2019 |
| 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 |
| Licensees (Non-Profits are now included with Money Lending or Mortgage Lender) |
| New licenses issued in January |
| Money Lending |
8 |
| Money Transmitter |
3 |
| Mortgage Brokerage |
1 |
| Mortgage Lender |
2 |
| Non-Residential Mortgage Lender |
1 |
| Mortgage Loan Originator |
102 |
| Licenses canceled in January |
| Money Lending |
34 |
| Money Transmitter |
0 |
| Mortgage Brokerage |
0 |
| Mortgage Lender |
5 |
| Non-Residential Mortgage Lender |
0 |
| Mortgage Loan Originator |
1,260 |
| Current number of active licenses in January |
| Money Lending |
384 |
| Money Transmitter |
115 |
| Mortgage Brokerage |
23 |
| Mortgage Lender |
261 |
| NR Mortgage Lender for Insurance Company |
41 |
| Mortgage Loan Originator |
2,591 |
| Total |
3,415 |
