Mission and Goals
Administration
Legal Authorization and Responsibilities
Annual Reports
Contact Us
Staff Directory
Other Contact Information
The primary mission of the South Dakota Division of Banking is to provide South Dakota citizens with sound state-chartered and licensed financial institutions by: providing for and encouraging the development of depository financial institutions while restricting their activities to the extent necessary to safeguard the interest of depositors; and seeking to ensure compliance by both depository and non-depository financial institutions with governing laws and regulations.
The Division is further committed to promote a balanced and sensible approach to regulation that protects the public interest and supports economic growth.
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.
Legal Authorization and Responsibilities
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 Legal Authority.
The following Annual Reports of the Division of Banking are available in Adobe .pdf format*.
2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995
Division of Banking
South Dakota Department of Labor and Regulation
217 1/2 W. Missouri Ave.
Pierre, SD 57501
Phone: 605.773.3421
Fax: 866.326.7504
e-mail: banking@state.sd.us
| Title | Name and E-Mail Link |
Certifications*: |
| Director | Bret Afdahl | CFIRS |
| Deputy Director | John Crompton | CEM |
| Division Counsel | Brock Jensen | COE |
| Policy Analyst | Jean Blow | |
| Senior Secretary | Lynda Fratzke | |
| Financial Institution Examiner | Kelly Baker | CCE |
| Financial Institution Examiner | Donald Berger | CEIC |
| Financial Institution Examiner | Ben Boeselager | |
| Financial Institution Examiner | Michael Dummer | CEIC |
| Financial Institution Examiner | Molly Graves | |
| Financial Institution Examiner | Drew Haack | CEIC |
| Financial Institution Examiner | Dustin Hoellein | |
| Financial Institution Examiner | Scott Kelly | CEIC, CFIRS |
| Financial Institution Examiner | Jordan LaBrie | |
| Financial Institution Examiner | Matthew Schlechter | |
| Financial Institution Examiner | Florence Simmons | COE |
| Financial Institution Examiner | Sheila Sutten | COE |
| Financial Institution Examiner | Jerry Tveidt | CEIC |
| Financial Institution Examiner | Jared Vilhauer | CEIC |
| Financial Institution Examiner | Delton Witte | |
| Financial Institution Examiner | Todd Youngbluth | CEIC |
*CCE — Certified Credit Examiner |
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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.
*Opening and printing Adobe .pdf files requires Adobe Acrobat Reader. Click here as needed to download the free Adobe Acrobat Reader.
700 Governors Drive
Pierre, SD 57501-2291
Tel. 605.773.3101
Fax. 605.773.6184
