Marcia Hultman

Cabinet Secretary

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Banking

Monthly Activity Reports - 2022

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.

April 2022
Banks
American Bank & Trust, Wessington Springs, South Dakota – Application to relocate a branch from 123 2nd Street South, Aberdeen, South Dakota to 320 6th Avenue SE, Aberdeen, South Dakota Approved 04/13/2022
Dacotah Bank, Aberdeen, South Dakota – Application to establish a branch at 4302 13th Avenue South, Suite 1, Fargo, North Dakota Pending
Trusts
Matt Tobin and Thomas Cota, to establish FGA Private Trust Company, LLC, a nondepository private trust company, at 212 S. Main Ave., Suite 156, Sioux Falls, South Dakota. Approved 04/04/2022
P. Daniel Donahue to establish Brownsville Trust Company LLC, a nondepository private trust company, at 300 North Dakota Avenue, Suite 504, Sioux Falls, South Dakota Approved 04/05/2022
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
Current number of active licenses in April
Money Lending  391
Money Transmitter 174
Mortgage Brokerage 45
Mortgage Lender 318
NR Mortgage Lender for Insurance Company 56
Mortgage Loan Originator 6,622
Total 7,606
March 2022
Banks
American Bank & Trust, Wessington Springs, South Dakota – Application to relocate a branch from 123 2nd Street South, Aberdeen, South Dakota to 320 6th Avenue SE, Aberdeen, South Dakota Pending
Trusts
Todd Bernhard, ChiaoChieh (Serra) Wei, and Tom Hart to establish Aegis Trust Company, a nondepository public trust company, at 306 E. Capitol Avenue, Suite 310, Pierre, South Dakota Approved 03/08/2022
Alice L. Rokahr, Enrique Travieso, and Tamires Ziembinski to establish Corpag Trust South Dakota Inc., a nondepository public trust company, at Jameson Building II, 3500 S. 1st Avenue Circle #255, Sioux Falls, South Dakota Approved 03/08/2022
Wealth Enhancement Trust Services, LLC, Sioux Falls, South Dakota – Application to establish a trust service office at 10 Post Office SQ., STE 1200 South, Boston, Massachusetts Approved 03/22/2022
P. Daniel Donahue to establish Brownsville Trust Company LLC, a nondepository private trust company, at 300 North Dakota Avenue, Suite 504, Sioux Falls, South Dakota Pending
Matt Tobin and Thomas Cota, to establish FGA Private Trust Company, LLC, a nondepository private trust company, at 212 S. Main Ave., Suite 156, Sioux Falls, South Dakota Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
Current number of active licenses in March
Money Lending  387
Money Transmitter 172
Mortgage Brokerage 43
Mortgage Lender 316
NR Mortgage Lender for Insurance Company 54
Mortgage Loan Originator 6,427
Total 7,399
February 2022
Banks
Plains Commerce Bank, Hoven, South Dakota – Application to establish a loan production office at 5109 S. Broadband Lane, Sioux Falls, South Dakota Approved 02/15/2022
Plains Commerce Bank, Hoven, South Dakota – Application to relocate its main office from 220 Main Street, Hoven, South Dakota to 3905 West 49th Street, Sioux Falls, South Dakota Approved 02/15/2022
Trusts
Alta Trust Company, Sioux Falls, South Dakota – Application to establish a nondepository trust service office at 1120 Pacific Ave., Suite 102, Tacoma, Washington Approved 02/25/2022
Todd Bernhard, ChiaoChieh (Serra) Wei, and Tom Hart to establish Aegis Trust Company, a nondepository public trust company, at 306 E. Capitol Avenue, Suite 310, Pierre, South Dakota Pending
Alice L. Rokahr, Enrique Travieso, and Tamires Ziembinski to establish Corpag Trust South Dakota Inc., a nondepository public trust company, at Jameson Building II, 3500 S. 1st Avenue Circle #255, Sioux Falls, South Dakota Pending
Wealth Enhancement Trust Services, LLC, Sioux Falls, South Dakota – Application to establish a trust service office at 10 Post Office SQ., STE 1200 South, Boston, Massachusetts Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
Current number of active licenses in February
Money Lending  471
Money Transmitter 170
Mortgage Brokerage 43
Mortgage Lender 312
NR Mortgage Lender for Insurance Company 53
Mortgage Loan Originator 6,257
Total 7,306
January 2022
Banks
American Bank & Trust, Wessington Springs, South Dakota – Application to establish a branch at 123 2nd Street South, Aberdeen, South Dakota Approved 01/07/2022
First Interstate Banc System, Inc., Billings, Montana – Application to acquire by merger Great Western Bank, Sioux Falls, South Dakota Approved 01/10/2022
Trusts
Alta Trust Company, Sioux Falls, South Dakota – Application to establish a trust service office at 1120 Pacific Ave., Suite 102, Tacoma, Washington Approved 01/20/2022
First Trust Company, LLC., Sioux Falls, South Dakota – Application to establish to relocate a trust service office from 332 Minnesota Street W2900, St Paul, Minnesota to 250 Marquette Avenue, Suite 520, Minneapolis, Minnesota Approved 01/24/2022
Todd Bernhard, ChiaoChieh (Serra) Wei, and Tom Hart to establish Aegis Trust Company, a nondepository public trust company, at 306 E. Capitol Avenue, Suite 310, Pierre, South Dakota Pending
Alice L. Rokahr, Enrique Travieso, and Tamires Ziembinski to establish Corpag Trust South Dakota Inc., a nondepository public trust company, at Jameson Building II, 3500 S. 1st Avenue Circle #255, Sioux Falls, South Dakota Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
Current number of active licenses in February
Money Lending  369
Money Transmitter 168
Mortgage Brokerage 43
Mortgage Lender 311
NR Mortgage Lender for Insurance Company 52
Mortgage Loan Originator 5,988
Total 6,931

See the Monthly Activity Report Archive for prior years.