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.

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

See the Monthly Activity Report Archive for prior years.