The primary mission of the South Dakota Division of Banking is to charter, license, regulate, supervise and provide guidance to South Dakota
financial entities in order to instill consumer confidence, protect consumer interests and promote economic stability through a common sense, efficient and risk-focused approach.
Our major goals are:
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.
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*.
Division of Banking
South Dakota Department of Labor and Regulation
1601 N. Harrison Avenue, Suite 1
Pierre, SD 57501
|Deputy Director - Banking||John Crompton||CEM|
|Deputy Director - Trust||Scott Kelly||CEIC, CFIRS|
|Division Counsel||Brock Jensen||COE, CFIRS|
|Policy Analyst||Jean Blow|
|Senior Secretary||Lynda Fratzke|
|Financial Institution Examiner||Jim Benham|
|Financial Institution Examiner||Donald Berger||CEIC, CFIRS|
|Financial Institution Examiner||Michael Dummer||CEIC|
|Financial Institution Examiner||Molly Graves||CCE|
|Financial Institution Examiner||Drew Haack||CEIC|
|Financial Institution Examiner||Dustin Hoellein||CCE|
|Financial Institution Examiner||Jordan LaBrie||CCE|
|Financial Institution Examiner||Doug Mikkonen|
|Financial Institution Examiner||Jason Nomsen|
|Financial Institution Examiner||Brady Schlechter|
|Financial Institution Examiner||Matthew Schlechter|
|Financial Institution Examiner||Florence Simmons||CEIC|
|Financial Institution Examiner||Caroline Srstka|
|Financial Institution Examiner||Jared Vilhauer||CEIC|
|Financial Institution Examiner||Jacob Wagner|
|Financial Institution Examiner||Delton Witte||CCE|
|Financial Institution Examiner||Todd Youngbluth||CEIC|
|Financial Institution Examiner||Michael Zellmer|
*CCE — Certified Credit Examiner
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.