Marcia Hultman

Cabinet Secretary

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Banking

Monthly Activity Reports - 2019

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.

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

See the Monthly Activity Report Archive for prior years.