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.

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.