Marcia Hultman

Cabinet Secretary

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Banking

About Us

Mission and Goals

Administration

Legal Authorization and Responsibilities

Annual Reports

Contact Us

Staff Directory

Other Contact Information

Past Directors

Mission and Goals

The primary mission of the South Dakota Division of Banking is to charter, license, regulate, supervise and provide guidance to South Dakota financial entities in order to instill consumer confidence, protect consumer interests and promote economic stability through a common sense, efficient and risk-focused approach.

Our major goals are:

  • Create, sustain and enhance a stable experienced staff
  • Provide better coverage of non-banks
  • Enhance state regulation and supervision
  • Improve efficiencies
  • Evaluate the Community Banking Model

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Administration

The Division of Banking is administered under the direction of the Department of Labor and Regulation. The Division is under the administrative control and supervision of the Director of Banking, Bret Afdahl. In addition to the Director, the Governor appoints a Banking Commission consisting of five members.

The Director of Banking is the executive officer of the Commission and complies with and enforces orders and directions of the Commission. The Director is responsible to act on applications to organize a bank, change control, merge, change location, and establish or close branch banks. The Commission is required to hear appeals of application decisions or disputes and also acts on Administrative Rules of South Dakota (ARSD) necessary for the management and administration of banks and trust companies over which it has jurisdiction.

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For more information on the authorization and responsibilities of the Division of Banking as mandated in South Dakota Codified Law and Administrative Rules of South Dakota, and for a list of the types of entities supervised by the Division of Banking, please see Laws and Rules.

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Annual Reports

The Division of Banking publishes on this website a monthly Activity Report. The monthly activity reports are archived annually and available in Adobe PDF format for:

2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995

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Contact Us

Division of Banking
South Dakota Department of Labor and Regulation
1714 Lincoln Ave., Suite 2
Pierre, SD 57501
Phone: 605.773.3421
Fax: 866.326.7504
email: banking@state.sd.us

Staff Directory

Division of Banking Staff Contacts
Title Name (with email link) Certifications*
Director Bret Afdahl  
Deputy Director - Banking Michael Dummer CEM
Deputy Director - Trust Matthew Schlechter CEM, CFIRS
Division Counsel and Licensing Manager Brock Jensen  
Chief Bank Examiner Drew Haack CSBE, CEM
Chief Trust Examiner Chase Koskovich CFIRS, CSTE
Training Director — Banking Jordan LaBrie CSBE, CEM
Training Director — Trust Bradley Pesicka CFIRS, CSTE
Senior Trust Analyst Jonathon Sanborn CFIRS, CSTE
Policy Analyst Lorna R. Webb CAS-III, CFE
Senior Secretary Delaine Campbell  
Financial Institution Examiner Donald Berger CSBE
Financial Institution Examiner Andrew Buchmann CSBE
Financial Institution Examiner Carter Cavanaugh  
Financial Institution Examiner Casson Campbell CSBE
Financial Institution Examiner Dane Campbell CEIC
Financial Institution Examiner Max Eckrich CFIRS, CTE, CAMLS
Financial Institution Examiner Mallory Gilbertson  
Financial Institution Examiner Paul M. Giovanetti CMBE, CSME, CSMBE, CCPE-III
Financial Institution Examiner Michael Hardwick CFIRS, CTE
Financial Institution Examiner Jordan Heckenlaible CFIRS, CTE
Financial Institution Examiner Breianna Hubbard  
Financial Institution Examiner Jacob Jaeger CEIC
Financial Institution Examiner Ashley Knoff  
Financial Institution Examiner Morgan Kronaizl CEIC
Financial Institution Examiner Megan Lindely CTE
Financial Institution Examiner Monica Marotz CCPE-II, CMBE, CME
Financial Institution Examiner Matthew Morgan  
Financial Institution Examiner Casey Norgaard CFIRS, CSTE
Financial Institution Examiner Brock Peterson CTE
Financial Institution Examiner Tyndall Petterson CCE
Financial Institution Examiner Matthew Schlosser CTE, CFIRS
Financial Institution Examiner Brady Schlechter CSBE, CLIE
Financial Institution Examiner Riley Schwans  
Financial Institution Examiner Coley Shield CTE, CFIRS
Financial Institution Examiner Matthew Svendsen CSBE
Financial Institution Examiner Nathan Unzen CEIC
Financial Institution Examiner Matthew Wester CFIRS, CTE
Financial Institution Examiner Todd Youngbluth CSBE

Certifications:

CAMLS — Certified Anti-Money Laundering Specialist
CAS — Certified Application Specialist, can be level I, II, or III
CCE — Certified Credit Examiner
CCPE — Certified Consumer Protection Examiner, can be level I, II, or III
CEM — Certified Examination Manager
CEIC — Certified Examiner In Charge
CFE — Certified Fraud Examiner
CFIRS — Certified Fiduciary and Investment Risk Specialist
CLIE — Certified Large Institution Examiner
CMBE — Certified Money Service Business Examiner
CME — Certified Mortgage Examiner
CSMBE — Certified Senior Money Service Business Examiner
CSME —Certified Senior Mortgage Examiner
COE — Certified Operations Examiner
CSBE — Certified Senior Bank Examiner
CSTE — Certified Senior Trust Examiner
CTE — Certified Trust Examiner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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Other Contact Information

If you wish to lodge a complaint, please refer to the Consumer Complaint Reference List for the appropriate entity to contact.

See Contact Information for other financial entities, including those not regulated by the Division of Banking.

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